With the introduction of the C7 CAS Release 2.284, Eurex Clearing further improved the user experience for Clearing Members by introducing the following enhancement:
Production start: 26 August 2024
Release Items/Participants Requirements
Feature/Enhancement | Details | Action Item |
Introduction of Home Market Settlement (HMS) | The current settlement infrastructure requires that firms can only settle physically delivered equity options and futures at Clearstream Banking Frankfurt. This set-up obliges clients to re-align their assets, i.e. moving assets from their domestic central securities depository to CBF for settlement. Currently, Clearing Members holding their inventory at other depositories in home countries, need to re-align securities between their settlement account at the home CSD and their settlement account at CBF (or SIX SIS) to facilitate settlement of Eurex physical deliveries instructed by Eurex Clearing. To support the customers and improve the settlement efficiency, Eurex Clearing will introduce the possibility to settle physical deliveries resulting from Eurex equity options and futures at the domestic CSD, if the domestic CSD is one of Euroclear’s ESES CSDs, i.e. Euroclear France, Euroclear Nederland or Euroclear Belgium. With the new C7 CAS functionality following enhancements will be implemented:
| There is no action required. |
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