Eurex Clearing Readiness Newsflash | C7 SCS Release 1.0 Simulation: Additional relevant information

Dear Clearing Member,

With this Newsflash, Eurex Clearing wants to draw your attention to a few additional updates regarding the C7 SCS Release 1.0 Simulation.

Learn now more about C7 SCS Release 1.0 on our dedicated initiative page under the following link: Support > Initiatives & Releases > C7 SCS Releases > C7 SCS Release 1.0. System documentation, circulars, timeline and much more information will be available there for you. 

... and on the go via the personalized Eurex App. 

1. Updated list of ISINs eligible for C7 SCS simulation

There is a new update of the list of ISINs eligible for C7 SCS simulation. In addition to ISINs eligible for C7 SCS Simulation testing, it includes the following information: Instrument Type, Custody Type, Market, DBAG specialist supported and CSD End-to-End (E2E) availability at CBF and SIX SIS.

This document “Eurex Clearing - C7 SCS Member Simulation Guide – Attachment with Focus Day description and ISIN list (XLSX)” can be found on the dedicated initiative page under the following link:

Support > C7 SCS Releases > C7 SCS Release 1.0 > System Documentation > Functional Manuals

2. C7 SCS Focus Days for SIX SIS

C7 SCS focus days for E2E connection with SIX SIS offered in simulation in the calendar weeks 23-34/21 have started. The detailed description of C7 SCS is provided in the document “Member Simulation Guide - Attachment with Focus Day description and ISIN list” under the following link:

Support > C7 SCS Releases > C7 SCS Release 1.0 > System Documentation > Functional Manuals

Setting "on hold" option for DVPs with SIX SIS acting as a settlement institution

Following the publication issued by SIX SIS for its customers, Eurex Clearing advises that clients need to choose the "on hold" option for DVPs where they opt for SIX SIS as their settlement institution (not to be confused with settlement location). SIX SIS will release the transaction externally on the settlement date after the holdings have been verified in the SIX SIS participant’s custody account. The SIX SIS participant’s transaction is generated in SECOM in "released" status.

SIX SIS generates the transactions as before. The SIX SIS participant recognizes this via the SIX SIS order number in field :20C::SEME//…, where the first eight characters will contain the ID DE119021 (e.g. :20C::SEME//DE1190211234567). The reference in field :20C::RELA// now contains the delivery reference of Eurex CCP. The reference in field :20C::TRRF// contains the delivery ID.

3. Enabling Cross Venue Netting

All Clearing Members who wish to activate Cross Venue Netting (XETR + XFRA) function need to set it up at all relevant settlement accounts, i.e. the main account plus its branch account. 

These settings can be enabled by providing your Key Account Manager with an updated “C7 SCS Application for Settlement Account Setup/Change/Delete - Simulation (XLSX)”, which can be found under the following link:

Support > C7 SCS Releases > C7 SCS Release 1.0 > System Documentation > Functional Manuals

4. Availability of the GDM functionality in C7 SCS simulation 

Please be informed that the GDM functionality in C7 SCS will not available from Friday, 11 June 2021, 17:00 CEST until Monday, 14 June 2021, 22:00 CEST.

If you have any further questions or comments, please send an e-mail to: client.services@eurex.com.

Kind regards,
Your Client Services Team
 

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