C7 SCS Releases
Overview of content
C7 SCS Release 6.0
The C7 SCS Release 6.0. introduces a series of enhancements designed to expand your settlement capabilities, improve processing efficiency, and ensure our services are ready for the financial industry's move to a T+1 settlement cycle. These changes will provide you with greater flexibility and a more streamlined clearing experience.
Simulation start: 15 September 2026
Production start: 23 November 2026
Circulars
Circulars
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Securities Clearing: Introduction announcement of C7 Securities Clearing Service (C7 SCS) Release 6.0
1. Introduction With this circular, Eurex Clearing announces the production launch of Release 6.0 of the C7 Securities Clearing Service (C7 SCS). C7 SCS Release 6.0 introduces a comprehensive set of enhancements aimed at expanding settlement capabilities, improving processing efficiency, and preparing the service for the upcoming EU T+1 settlement environment. Key improvements include: A. Extension of settlement capabilities in the Special Repo market by enabling additional non-German markets (Austria, Denmark, and Ireland) to be settled via CEU accounts B. Introduction of an early novation and netting process for ISA Direct Light trades, enhancing netting efficiency and reducing prefunding requirements C. Broadened GC Pooling coverage with the addition of Scandinavian currencies (DKK, SEK and NOK) D. Parallel processing of exposure adjustments in GC Pooling via CmaX, independent of trade direction, accelerating same‑day settlement E. Changes to support T+1 readiness:...
Release Items/Participants Requirements
Features/Enhancements | Details | Action Item |
Decommissioning of the “Linking before Aggregation” Service | To align with the upcoming EU T+1 initiative, this service will be retired. This change streamlines the netting workflow, resulting in faster and more efficient processing. | Clients currently using this service are required to adapt their processes accordingly. |
Adjusted Timing for CREST (EUI) Settlement Instructions | In preparation for T+1, we will send settlement instructions to CREST (EUI) earlier, on the trade date (T). This supports timely matching and aligns with CREST’s extended deadlines, helping to reduce settlement fails. | Clients are asked to review the impact of this timing change on their settlement processing timelines for CREST-related transactions. |
Expanded Settlement for Special Repo Market | We are extending the range of markets eligible for settlement via CEU accounts to include Austria, Denmark, and Ireland. This enhancement offers you greater flexibility and expanded settlement capabilities across European markets. | This is an optional service. Clients who wish to use this new capability are asked to assess the impact and contact their Repo Key Account Manager to be set up. |
New Currencies for GC Pooling | The GC Pooling service will be broadened to include Scandinavian currencies (DKK, SEK, NOK). This allows clients to conduct GC Pooling transactions in these currencies across all existing baskets. | Clients who intend to use these new currencies are asked to assess the impact on their setup and processes. |
Enhanced Netting for ISA Direct Light | An early novation and netting process is being introduced for ISA Direct Light trades. This will improve netting efficiency and directly benefit clients by reducing their gross prefunding requirements. | No action required. |
Faster Same-Day Settlement for GC Pooling | The settlement process for the GC Pooling market is being enhanced. By processing exposure adjustments in parallel, we can accelerate same-day settlement for clients. | No action required. |
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Eurex Frankfurt AG
Key Account Management
Service times: Monday to Friday 09:00 - 18:00 CET
Eurex Repo
Key Account Management
Service times: Monday to Friday 09:00 - 18:00 CET