With the EurexOTC Clear Release 13.0, Eurex Clearing introduced the following changes and improvements:
Please note that the information provided on this website can be changed at the discretion of Eurex Clearing.
Simulation start: 18 May 2022
Production start: 27 June 2022
We kindly ask all Clearing Members to submit the Readiness Statement for EurexOTC Clear Release 13.0 by Friday, 17 June 2022 latest.
Please note, that all Clearing Members are required to provide the Readiness Statement. The Readiness Statement for EurexOTC Clear Release 13.0 is here available: Readiness Statement. Please enter your dedicated Eurex Clearing PIN in the online questionnaire. The PIN for your company has been sent to the Central Coordinator.
Release Items/Participants Requirements
The Czech Koruna (CZK) and Hungarian Forint (HUF) Product Extensions
The Czech Koruna (CZK) and Hungarian Forint (HUF) Interest Rate Derivatives which will be supported by EurexOTC Clear are:
The actual go-live of the service to clear products in the currencies CZK and HUF is to be determined upon regulatory approval. Above described explanation covers the technical implementation scope. Members will be informed via a circular once go-live
Clearing Members who would like to clear these new products need to assess the impact on their side.
Re-mapping of IRS trades’ stubs referencing to USD LIBOR 1W or 2M
With Eurex Clearing Circular 022/21, Eurex Clearing limited eligibility of USD LIBOR-referencing IRS Swaps with expiry on or after 1 October 2021, if the swaps contain stub periods relying on 1W or 2M USD LIBOR fixings with or without linear interpolation being specified.
Since USD LIBOR fixings 1W and 2M were decommissioned by 31 December 2021, the stub types of related legacy Interest Rate Swaps (IRS) trades (i.e., those referencing to the decommissioned fixings) will be re-mapped. Please check the Functional Release Notes (available in the Member Section) for the further details.
This change has a limited impact on a few Clearing Members. Clearing Members are advised to check whether they have such cleared trades. If further assistance is required, please contact your Clearing Key Account Manager or email@example.com.
Trade Booking via the Trade Entry API interface
Multiple Direct Clients under the same Clearing Member should be allowed to share the same LEI or External PO Id (BIC) and to submit Eurex OTC trades via the Trade Entry API interface. In order to load the trade on the correct target account of the client, the full name of a valid client’s account (e.g., “ABCFR_P” or “ABCFR_FUND001”) shall be provided in the xml trade submission request. If the client’s account provided is not valid, then the submitted trade request will be rejected. The full name of the client’s account will be used in order to book the trade on the correct target account.
Clearing Members are asked to check on their trade submission via Trade Entry API to include the full name of a valid client’s account (e.g., “ABCFR_P” or “ABCFR_FUND001”) in the XML trade submission request to avoid trade rejection in case one Global LEI/External PO ID is mapped to multiple DC`s under the same CM
MC-API: change on the ETD template
The current ETD template for Margin Calculator API will be modified:
Clearing Members using the ETD template used for Margin Calculator API are advised to make changes accordingly.
We kindly ask all Eurex Clearing Members to make sure, that relevant report changes are reflected in their internal processes.
For the GUI changes, there is no action required.
Creation of new trade after PTE trade transfer to CM
PTE trade transferred to Clearing Member (CM) will no longer be created into the default agent account of the CM.
A new trade which is transferred to a CM after a PTE action will automatically be created in the CM’s P-Account.
For this change there is no action required.
Eurex Frankfurt AG
Customer Technical Support / Technical Helpdesk
Service times from Monday 01:00 – Friday 23:00 CET
(no service on Saturday and Sunday)
T +49-69-2 11-VIP / +49-69-2 11-1 08 88 (all)