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Eurex Clearing Readiness Newsflash | Updates November 2019

Release date: 04 Nov 2019 | Eurex Clearing

Eurex Clearing Readiness Newsflash | Updates November 2019

Eurex Clearing Readiness Newsflash

Dear Clearing Member,

With this Newsflash, we would like to draw your attention to the upcoming publications, events and actions necessary for the ongoing initiatives:

01 Nov Amendments to the Price List of Eurex Clearing AGAmendments regarding the extension of the product scope available on Eurex EnLight come into effect.
01 Nov Amendments to the Price List of Eurex Clearing AGIntroduction of a fee on delivery resulting from certain Single Stock Futures comes into effect.
01 Nov Amendments to the Price List of Eurex Clearing AGDeletion of product groups US02/CA02/US22 and further related adjustments following merger of product groups comes into effect.
01 Nov 

Exemption to maintain securities/cash settlement accounts for the clearing of Eurex Transactions

The exemption comes into effect.

01 Nov Discontinuation of clearing of LDX IRS Constant Maturity FuturesThe discontinuation comes into effect.
01 Nov IBOR ReformProduction start: Clearing eligibility extended to €STR-linked products
01 Nov IBOR ReformProduction start: Member reports for EUR OTC IRS trade values based on €STR discounting are available
01 Nov Decommissioning of Prisma Margin Estimator

The Prisma Margin Estimator (PME) decommissioning comes into effect.

01 Nov Collateral Management: Change in the calculation of interest rates on cash collateralAmendments to the Clearing Conditions of Eurex Clearing AG relating to changes in the calculation of interest rates come into effect.
04 Nov Simulation of Eurex Clearing's Default Management ProcessThe simulation starts and runs until 8 November 2019
08 Nov C7 Release 6.0

Deadline to provide the Readiness Statement

11 Nov - 15 Nov Preparational task for C7 Release 6.0 Clearing Members can review/change Capacity-product assignment (de-assignment also possible after production launch). The Capacity/product assignment will be set effective to the T7 trading platform on Monday, 18 November 2019, immediately after the launch of T7 Release 8.0.
11 Nov ETF settlement: Change of settlement structure for ETFs of Vanguard Funds PlcVanguard Funds Plc's Exchange Traded Funds (ETFs) traded on Xetra (MIC: XETR) and Börse Frankfurt (MIC: XFRA) converted to the International Central Securities Depository (ICSD) model.
15 Nov OTC Release 10.0Deadline to provide the Readiness Statement
18 Nov  EurexOTC Clear service: Discounting switch from EONIA to €STR for cleared OTC EUR derivatives

€STR-linked OTC swaps will be eligible for clearing in the EurexOTC Clear service.

18 Nov OTC Release 10.0Go-live of OTC Release 10.0
18 Nov C7 Release 6.0

 Go-live of C7 Release 6.0

18 Nov CCP Release 17.0Go-live of CCP Release 17.0
18 Nov 

Prisma Release 9.0

Go-live of Prisma Release 9.0

Also, kindly note the Frozen Zones in November 2019 as follows:

Date Frozen Zone Reason
01 Nov Frozen Zone Product Setup and Product Assignment                                                   C7 Product Assignment Migration on 02 Nov
04 Nov - 08 Nov Frozen Zone Member and Product Setup and Clearer Change                                 C7 Product Assignment
14 Nov - 19 Nov Frozen Zone Product an Member Setup due to Prisma 9.0                                      Launch on 18 Nov
16 Nov - 18 Nov Frozen Zone Member setup due to T7 8.0, Eurex OTC 10.0, C7 6.0, CCP 17.0 Launch on 18 Nov

If you have any questions or comments, please do not hesitate to contact us at:

Kind regards,
Your Client Services Team

Recipients:All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, FCM Clearing Members, vendors and other affected contractual parties
Web:Eurex Clearing Initiatives pages

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Eurex Clearing is part of Eurex Group. Find out more here.