Consistent Setup of Major/Minor Currency Units
Eurex Release 12.0 will support Minor Currency Units. The use of such minor currency units for several products listed
in GBP, namely Single Stock Futures (SSF) is planned.
Such products will be converted with Eurex Release 12.0 to have a new currency GBX representing GBp (pence).
Cash flows will be processed in GBP.
As a result, the following changes will apply:
- Haircut exchange rates for the minor currency (GBX) will be available in FPHCPA.
- This file will also include a new currency field, the major currency, and the corresponding conversion factor.
- Cash amounts will be displayed in the reports (i.e. Variation Margin) and in the Clearing GUI in the minor currency unit (GBX).
- Cash flow related reports will show the major currency in GBP.
