Archive

C7 Release 7.0

Eurex Clearing launched C7 Release 7.0 in November 2020. An overview of the functional and technical changes and additional supportive information is available on this website.  

New features, changes and improvements: 

  • Default rule change for initial trade booking
  • Transaction duration extension to T+5

Simulation start: 21 September 2020
Production start: 23 November 2020

C7 7.0 (1)

 

System Documentation

Circulars

Release Items/ Participants Requirements

Feature/Enhancement

Details

Action Item

T+D transaction duration extension to T+5

Clearing members will be able to perform transaction management functions (e.g. give-up/ take-up, trade separation etc.) up to T+5.

Back office system needs to be prepared to handle clearing activities for up to T+5 days.

FIXML increase queue size

FIXML request queue size will be increased from the current 2000 to 6000 messages.

No action required from participants.

Product tag attached to FIXML messages

Optional feature for participants who would like to distribute their volume across multiple FIXML accounts based by product ID.

No action required from participants.

Clearing house validation in FIXML messages

C7 will enforce a validation on TID field “TargetCompID” on FIXML incoming messages from members and ISVs. 

Participants need to ensure only valid values “ECAG” or “ECC” are sent.

Default account rule change for initial trade booking

Trading capacity will overrule the clearing account in case of any inconsistency.

Participants  need to ensure the correct value is entered in Trading Capacity value in T7.

Change of maintainability of rate identifier

The field rate identifier contained in CustOrderHandlingInstr will no longer be changeable in C7.

Participants need to ensure that the correct value is entered in Execution Source code value in T7.

Report enhancement:

CA770 - Account maintenance

New field: account maintenance for all acting markets

Deletion of field: clearing license.

Modification of report fields need to be supported.

Report enhancement:

CD037 - Claim amount-based collaterals

Regulatory requirement to include the market value of collateral.

Participants should make the necessary adjustments to support the new layout and format (same as report CD031).

Report enhancement:

Persistence of strategy details in post transaction events

The strategy fields will be carried over in post transaction events in clearing and intraday reports: CB012, CB013, CB715, CB750, CB751, CI012:

  • Strategy type
  • Strategy sub type
  • Strategy link ID
  • Multi-leg report type

Participants should make the necessary adjustments to support the changes in the reporting.

Report enhancement:

Non-disclosure flag

TradePublishedIndicator” flag will be available in the following clearing reports: CB012, CB013, CB715, CB750, CB751 and CI012.

Participants should make the necessary adjustments to support the changes in the reporting.

Report enhancement:

Equity Basket Trades

PackageID (for basket ID) and FirmTrdID (for bank’s own Reference ID) will be introduced to the following clearing reports: CB012, CB715, CB730, CB750 and CB751.

Participants should make the necessary adjustments to support the changes in the reporting.


CRE

The CRE is our central report solution. It allows a greater flexibility and meets the needs of today’s high frequency and algorithmic trading.

What´s next?

Have a look at the Cross-Project-Calendar and know what’s coming next or is on the horizon and might have an impact you!

Contacts

Eurex Frankfurt AG
Customer Technical Support / Technical Helpdesk

Service times from Monday 01:00 – Friday 22:00 CET
(no service on Saturday and Sunday)

Please contact your Technical Account Manager via your personal VIP number which can be found in the Member Section.

T +49-69-211-VIP / +49-69-211-1 08 88 (all)

cts@deutsche-boerse.com

Eurex Frankfurt AG
Key Account Management

Service times from 09:00 - 18:00 CET

client.services@eurex.com


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