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Eurex Clearing Readiness Newsflash | Eurex Clearing Readiness Newsflash | C7 Release 6.1 update: Introduction of an excess collateral pool

Release date: 29 Jul 2020 | Eurex Clearing

Eurex Clearing Readiness Newsflash | Eurex Clearing Readiness Newsflash | C7 Release 6.1 update: Introduction of an excess collateral pool

Eurex Clearing Readiness Newsflash

Dear Clearing Member,

We would like to draw your attention to the introduction of an optional excess collateral pool which is scheduled to go live as part of C7 Release 6.1 update.

  • Simulation date: 24 July 2020
  • Production date: 14 September 2020

This Newsflash provides information on this new feature.

Eurex Clearing offers its Clearing Members an additional service designed to more efficiently manage their intraday margin call process. The introduction of an excess collateral pool will enable Members to cover intraday margin calls directly with available cash deposits. This new feature is optional for Clearing Members and needs to be requested ad-hoc.

The new excess collateral pool/s will be linked to the Clearing Member’s existing margin pool/s. For the time being, this initiative is only available for cash deposits.

New values need to be supported in FIXML feed for the existing fields:

  • Type of money (“E” for Excess)
  • Cash transaction type (“330” Excess Cash Deposit, “332” Excess Cash Withdrawal) 
  • Collateral pool type (“E” for Excess)
  • Collateral pool usage type (“I” for intraday, “O” for overnight)

These values will be incorporated in the following reports: CD230, CD231, CI720 and CI731.

Detailed information can be found in the “C7 - Collateral Management Functional Reference Guide” on the Eurex Clearing website www.eurexclearing.com on the following link:

Further information is also available in the “C7 Clearing GUI - User Manual” on the Eurex Clearing website on the following link:

If you have any further questions or comments, please do not hesitate to contact your Clearing Key Account Manager.

Kind regards,
Your Client Services Team

Follow us on Twitter @EurexGroup, LinkedIn and YouTube for more updates or visit our website.

Eurex Clearing is part of Eurex Group. Find out more here.

Recipients:


All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors

Target group(s):

Front Office/Trading, Middle + Back Office, IT/System Administration, Treasury

Web:

www.eurexclearing.com > Initiatives

Contact:

client.services@eurexclearing.com