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25 May 2022

Eurex Clearing

C7 Securities Clearing Service (C7 SCS) Release 1.2: Production launch announcement

Eurex Clearing Circular 039/22 C7 Securities Clearing Service (C7 SCS) Release 1.2: Production launch announcement

1. Introduction

With this circular, Eurex Clearing announces the production launch of C7 Securities Clearing Service (C7 SCS) Release 1.2 on Monday, 13 June 2022.

Learn now more about the C7 SCS Release 1.2 on our dedicated initiative page under the following link: Support > Initiatives & Releases > C7 SCS Releases > C7 SCS Release 1.2. Circulars, timeline and much more information are available there for you.

Production start: 13 June 2022

2. Required action

C7 SCS Release 1.2 introduces changes in Member reports related to the future Optimized Trade Day Netting (OTDN) service and reclassification of mandatory fields to optional fields. Clearing Members should get familiar with these changes to assess the impact on their internal report processing. Clearing Members need to ensure that the required changes and adjustments are done in due time for the launch on 13 June 2022.

3. Details

As announced in Eurex Clearing Circular 017/22, Eurex Clearing decided to implement the following changes affecting Member C7 SCS Reports:

  1. Introduction of two new additional optional fields serving only as a preparatory step for a new optional C7 SCS netting service: Optimized Trade Day Netting (OTDN) is planned to be launched later this year. The new fields will always be omitted until the OTDN service is launched and unless a client opts for it. Further details will follow in due time.
  2. Reclassification of mandatory fields to optional fields. The affected fields are listed in the Modification C7 SCS Release 1.2 Notes.
  3. Last change concerns the adjustment of Header Lines in all Members’ C7 SCS XML reports as well as schema (XSD) files. Those will be changed from the currently used link http://www.eurexchange.com/technology to the updated one http://www.eurex.com/ec-en/support/initiatives/c7-scs-releases.

Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
 

Further information

Recipients:

All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, vendors and other affected contractual parties

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination

Related circular:

Eurex Clearing Circular 017/22

Contact:

client.services@eurex.com

Web:

Support > Initiatives & Releases > C7 SCS Releases > C7 SCS Release 1.2

Authorized by:

Jens Janka