With the Prisma Release 8.0 Eurex Clearing introduced on Monday, 3 December 2018 technically the additional Margin component Time To Expiry Adjustment (TEA) which improves the handling of market risks for positions close to expiry.
To ensure a smooth introduction, the new TEA functionality will be activated with the EOD batch on Monday, 21 January 2019.
The margin effect of the expired positions increases incrementally prior to expiry, based on the risk horizon of the liquidation group.
The simulation phase for Prisma Release 8.0 started on 8 October 2018 and allows Clearing Members and Independent Software Vendors to test mandatory TEA-related changes.
In order to assist Clearing Members with the preparation for the introduction of Release 8.0, we have published the following documents on the Member Section of Eurex Clearing: www.eurexclearing.com > Member Section > Risk & Collateral Management > Eurex Clearing Prisma > Documents & Circulars > Documents Release 8.0:
If you have any questions or require further information, please contact your dedicated Group Client Key Account Manager Clearing or send an email to email@example.com.