EurexOTC Clear Releases

Enhancement of Portfolio-Margin Adjustment (PMA)

A new initial margin component, the Portfolio-Margin Adjustment (PMA), is being introduced for OTC IRS and FXNDF products. This will enhance the overall initial margin calculation. The technical implementation will add a new field to margin reports, although it will be set to zero until regulatory approval is received.

No action required. The PMA value will be zero until it is formally activated post-launch.

New Restrictions on Post-Trade Events (PTEs)

To ensure proper handling of cash flows, restrictions on Post-Trade Events (PTEs) are being enhanced. A PTE will be blocked for any trade with a past-date unsettled coupon. Additionally, a full termination PTE will not be allowed for GBP SONIA and EUR €STR trades with a coupon payment unsettled on the current day.

Clients are asked to review and adjust their post-trade workflows to account for these new restrictions, ensuring all coupon payments are settled in a timely manner to avoid interruptions.

Reporting and GUI Enhancements for Portfolio Transfers

A new "Portfolio Reports" tab in the GUI allows for the on-demand request of three new intraday reports (CI291, CI292, CI293) for portfolio transfers. This enables clients to assess the impact of a potential transfer before formally initiating it, improving decision-making and efficiency.

Clients are asked to familiarize themselves with the new GUI functionality and the structure of the new reports to take advantage of this new feature.

General Report and XSD Schema Updates

Numerous reports are being introduced or enhanced to provide more detailed information. This includes a new Future Fixing Report (CC214) and additional fields in the Full Inventory Report (CB202/CB207). Additionally, the XSD schema for the CI281 Intraday Fixing report is being updated to prevent validation failures.

Clients are asked to review the detailed report and schema changes and update their internal data processing systems accordingly to ensure seamless integration and avoid processing errors.

Enhancement of MarkitWire Trade Loading

The system will now retain the original execution venue MIC provided by MarkitWire for new trades. This aligns MarkitWire data with all other trade submission systems, ensuring greater data consistency across your portfolio.

No action required. This change applies only to new trades; legacy trades will not be updated.

Password Reset Functionality in EurexOTC Clear GUI

A new Password Reset Functionality has been introduced in the EurexOTC Clear GUI, enabling members to independently reset passwords for users within the same Member ID.

Clients are asked to familiarize themselves with the new password reset feature to manage user access efficiently within their Member ID.

Enhancement to CC209 Initial Margin Report

An enhancement has been made to the CC209 Initial Margin Report, where the value displayed in the INITIAL_MARGIN field will now be rounded to one decimal place.

Clients are asked to review and update their internal data processing systems to accommodate the rounding change in the INITIAL_MARGIN field to ensure accurate reporting.