Flexible Contracts FunctionalityThe aim of changes introduced with Eurex Release 13.0 is to further ease the handling of Flexible Contracts transactions. Improvements have been made in the following areas: Close-out Enhancements for Flexible Contracts transactionsNow members can close out Flexible Contracts transactions originating from different trades. Members may now use the close-out function on the Eurex Clearing GUI, if the following conditions are fulfilled: (1) Close out can only be applied to trades with trade status RATIFIED that have the same trade quantity. If the quantity for two selected trades is not the same, then manual trade separation is required. (2) The member should own the buy and sell side of the identical contract under the same position account. Two contracts are deemed identical when they have the same:
Random Assignment for Exercised Flexible Options PositionsThe assignment process for Flexible Options positions has been enhanced with Eurex Release 13.0. The assignment is now fully random and is thus similar to the assignment process for exchange-traded contracts. Prior to the new release, assignment for Flexible Options positions took place randomly among the sub-trades of the same transaction. ReportingTo improve, harmonize and standardize the reconciliation process of internal systems against Eurex Clearing for Flexible Contracts transactions and positions, two new reports will be provided, containing information for standard and flexible contracts:
Position Transfer with Cash Amount for Flexible ContractsPosition transfers with cash are now available for Flexible Contracts. On the OTC Flexible Contracts Clearing window, users are able to enter a cash amount while processing the position transfer between different members. This new field is editable and accepts positive, negative or zero values. A positive amount indicates a debit transfer source; a negative amount a credit transfer source.          |
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