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01 Jul 2024

Eurex Clearing

Eurex Clearing Readiness Newsflash | C7 SCS Release 3.7: Information for Simulation start; Publication of Readiness videos and presentation 

Eurex Clearing Readiness Newsflash | C7 SCS Release 3.7: Information for Simulation start; Publication of Readiness videos and presentation 

Dear customer,

With this Newsflash, Eurex Clearing wants to remind you of the simulation start of C7 SCS 3.7 on 1 July 2024

Simulation start: 1 July 2024

Furthermore, the recording from the C7 SCS 3.7 Focus call and related slides were published on 27 June 2024 on the C7 SCS Release 3.7 Initiative page.

1. C7 SCS 3.7 Simulation start

With start of the simulation phase for C7 SCS Release 3.7, Eurex Clearing is offering Clearing Members the possibility  to perform End to End (E2E) testing of the Eurex physical deliveries in equity derivatives products with settlement via the ESES CSDs (Euroclear France, Euroclear Nederland and Euroclear Belgium), as preparation for the introduction of the Home Market Settlement service.

As indicated in C7 SCS Release 3.7 - Member Simulation Guide (chapter 3.6), the dedicated Eurex products can settle via the ESES CSD account, in accordance with the settlement account setup provided by the customer. The status of the settlement instructions can be retrieved via the C7 SCS simulation reports and via the CSD/TS2 feedback, depending on the reporting setup of the customer.

Please check the Member Simulation Guide for detailed information regarding the availability of the testing environments, ESES and CBF.

For the End-to-End test during the Member Simulation, the following instruments will be available for the American exercise-style Options Products:

Home CSD

Product Type

Eurex Product ID

U/L ISIN & Product ISIN

Name

Currency

SIC

OSTK

CAR

FR0000120172

CARREFOUR

EUR

SIC

OSTK

MCH

FR001400AJ45

MICHELIN

EUR

SIC

OSTK

TOTB

FR0000120271

TOTALENERGIES

EUR

NEC

OSTK

HNK

NL0000009165

HEINEKEN

EUR

CIK

OSTK

ITK

BE0974293251

ANHEUSER-BUSCH INBEV

EUR

CIK

OSTK

SOL

BE0003470755

SOLVAY

EUR

In contrast to previous communication, the ISIN NL0000235190 (Airbus) will not be offered for testing.

In addition, due to the implementation of ESES technical releases on 16 July and 20 August 2024, the reconciliation of new, pending, and settled deliveries between C7 SCS and ESES will be delayed by one day during the focus weeks.

Date

ESES Simulation

C7 SCS Simulation

ESES Reporting 1) 

C7 SCS Reporting 

16.07.2024

Technical release - closed

Open - batch day

No reporting

CE890/1/2 (Netting results of trades from 16.07.2024)
CE860/1/2 (incl. net positions of 16.07.2024)
CE870/1/2 (settlements of due and late trades) 2)

17.07.2024

Open

Open - batch day

New deliveries from 16.07. and 17.07.2024
Settlements from 16.07. and 17.07.2024

CE860/1/2 (incl. pending net positions of 16.07.2024)
CE870/1/2 (settlements of due and late trades) 2)

20.08.2024

Technical release - closed

Open - batch day

No reporting

CE890/1/2 (Netting results of trades from 20.08.2024)
CE860/1/2 (incl. net positions of 20.08)
CE870/1/2 (settlements of due and late trades) 2)

21.08.2024

Open

Open - batch day

New deliveries from 20.08. and 21.08.2024
Settlements from 20.08. and 21.08.2024

CE860/1/2 (incl. pending net positions of 20.08.2024)
CE870/1/2 (incl. settlements of due and late trades) 2)

1) Please note the ESE reporting timeline might vary based on ESES systems availability.

2) C7 SCS will report all settlement results received from CBF/T2S during the day and NTS.

Please note that ESES would have technical releases outside HMS Focus weeks on 8 August, 15 August and 17 September 2024. Reconciliation of new, pending and settled deliveries between C7 SCS and ESES will also be delayed by one day on these days.

2. Readiness video and presentation

As announced in the C7 SCS Release 3.7 Focus Call on 20 June 2024, the call recording and the presentation slides have been made available. Furthermore, the C7 SCS 3.7 Member Simulation Guide has been made available.

The documentation has been published on the C7 SCS Release 3.7 initiative page under:
Support > Initiatives & Releases > C7 SCS Releases > C7 SCS Release 3.7

  • Under "Readiness Videos", the Focus Call recording has been published.
  • Under "System Documentation > Supporting Documents", the presentation slides and the Member Simulation Guide have been published.

Learn now more about C7 SCS Release 3.7 on our dedicated initiative page under the following link:

Support > Initiatives & Releases > C7 SCS Releases > C7 SCS Release 3.7. System documentation, circulars, timeline and much more information will be available there for you.
 

Kind regards, 
Your Client Services Team 

Visit now Eurex Support Clearing​ to access a wide array of support content!

Recipients:

All Clearing Members, ISA Direct Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors

Target groups:

Middle + Backoffice, IT/System Administration

Related circulars:

Eurex Clearing Circular 011/24 

Related newsflashes:

Eurex Clearing Readiness Newsflash from 02 May 2024
Eurex Clearing Readiness Newsflash from 24 April 2024
Eurex Clearing Readiness Newsflash from 17 April 2024 
Eurex Clearing Readiness Newsflash from 29 February 2024

Contact:

client.services@eurex.com

Web:

Support > Initiatives & Releases > C7 SCS Releases >  C7 SCS Release 3.7