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Eurex Clearing Readiness Newsflash | Updates October 2019

Release date: 02 Oct 2019 | Eurex Clearing

Eurex Clearing Readiness Newsflash | Updates October 2019

Eurex Clearing Readiness Newsflash

Dear Clearing Member,

With this Newsflash, we would like to draw your attention to the upcoming publications, events and actions necessary for the ongoing initiatives:

02 Oct |Transition from EONIA to the euro short-term rate (€STR)

The €STR rate will be first published on 2 October 2019 by the ECB. The change has effects across different products. All Clearing Members and their clients as well as any vendor systems used must analyse their Impacts. 

07 Oct | ETRF & BTRF in productionClearing for Total Return Futures on Shares (“Equity TRF”) in EUR denominated equities and Basket Trades of Equity Total Return Futures (“Basket TRF”) 
 
07 Oct |Amendments to the Clearing Conditions and the Price List

Amendments to the Price List due to the introduction of the Equity Total Return Futures

08 Oct | Prisma Release 9.0Start of simulation phase. Clients are asked to participate in the simulation
09 Oct | OTC Release 10.0Start of simulation phase. Clients are asked to participate in the simulation
09 Oct | IBOR Reform

Start of simulation phase: Extend clearing eligibility to €STR-linked products. Start of simulation phase: Member reports for EUR OTC IRS trade values based on €STR discounting are available. 

11 Oct | T7 Release 8.0T7  Simulation: All Trading Participants' business units in T7 will automatically get all Product Assignment Groups (PAGs) assigned.
14 Oct | 

Introduction of MSCI Index Dividend Futures

Amendments to the Price List and to the Clearing Conditions due to the introduction of the MSCI Index Dividend Futures
14 Oct | Introduction of STOXX® Europe ESG Leaders Select and ESG-X Index DerivativesAmendments to the Price List and to the Clearing Conditions due to the introduction of futures and options contracts on the STOXX® Europe ESG Leaders Select 30 index and Options Contracts on the STOXX® Europe 600 ESG-X index
15 Oct | Simplification of Client Segregation Model Structures & Onboarding

It is recommended that Clearing Members with the segregation model ECM migrate to ECM by Asset by mid October.

The Individual Clearing Model (ICM) will cease to exist. All ICM clients should migrate to ISA by mid of October.

16 Oct | T7 Release 8.0T7 Simulation: T7 takes the product assignment information from C7. Transaction Size Limits (TSL) in T7 are set to zero if no product assignment by the Clearing Member in C7 exists. Otherwise, Eurex defined TSLs on a product level will be applied.
21 Oct |Default Management (DM) Auction RulesClarification and further amendments to the Default Management (DM) Auction Rules. The amendments are within the scope of Special Provisions of the Clearing Conditions and are hence subject to a consultation process (Consultation). The Consultation will end on 21 October.
31 Oct |Temporary fee waiver for on-behalf services to support Brexit preparationsEurex Clearing offers a fee waiver for on-behalf services to support Brexit preparations and collateral fee waiver for Supplementary Margin in the context of OTC IRD client business from 1 Oct 2018 to 31 Oct 2019
 

If you have any questions or comments, please do not hesitate to contact us at: client.services@eurexclearing.com.

Kind regards,
Your Client Services Team


Recipients:All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, FCM Clearing Members, vendors and other affected contractual parties
Web:Eurex Clearing Initiatives pages
Contact:client.services@eurexclearing.com

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