Dear OTC Clearing Members,
The EONIA-STR discounting switch was successfully executed over the weekend. Tomorrow all compensation fees are expected to settle.
As part of the process, no Post Trade Events (Trade Transfers, Netting etc) on the EUR currency trades are allowed today. However, this restriction is wrongfully applied to the Take-Up functionality of client trades both via the OTC Clear GUI or FPML API as well.
Members who are facing take-up issues of client trades should please reach out to OTC Clear Team via email otcclear@eurexclearing.com or hotline on +49 69 211 12828 for a resolution.
All client trades that are not taken up by 22:00 CEST will be automatically rejected and will have to be resubmitted on the next day for clearing.
On July 28, 2020, this restriction will be lifted and client trade take-ups and PTEs can be normally processed again.
We apologize for any inconvenience caused.
Market Status ⓘ
XEUR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
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