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C7 Release 5.0

C7 Release 5.0

C7 Release 5.0 was introduced in June 2019. In addition to the C7 Release 5.0, there are some C7 upgrades, which we bundle on a quarterly basis. On this website, we provide Clearing Members with information on relevant content and updates during and after the release.

Simulation start: 15 April 2019
Production start: 24 June 2019 

Introduction of new Trade Type for EnLight Transactions: EnLight transactions are processed with an own trade type and no longer as Block trades  in C7.

  • C7-GUI: „L“ as new value for field Orig Trade Type
  • Reports: „L“ as new value for field trdTyp
  • FIXML: “1006” as new value in field TrdTyp (tag 828)
  • Simulation start: 4 March 2019
  • Production start: 24 June 2019

Introduction of Order ID for TES trades

  • For TES trades the content of the T7 TES TradeSideID field is reported in the C7 OrderID field
  • Use case: to offer reconciliation opportunity on broker side
  • Simulation start: 15 April 2019
  • Production start: 24 June 2019

Corresponding Readiness Newsflashes

Corresponding Circulars

Features for Q1 2019

  • Enhance USD as Permanent Cash Balance (PCB)
    • Subject to approval of updated clearing conditions
    • Available for testing in simulation on 18 March 2019
    • Activation in production on 1 April 2019
  • Future value date enhancement in C7 Collateral Management System
    • Available for cash deposits and cash withdrawal and for securities withdrawal
    • Requests will be processed intra-day and have no effect for the overnight margin calculation on value day - 1 (e.g. for withdrawal request the collateral is still taken in consideration)
    • Simulation start: 4 March 2019
    • Production start: 25 March 2019

Feature for Q2 2019

Activation of the reduction of available characters in text fields:

  • In 2018, Eurex Clearing announced the reduction of available characters in text fields for T7 and C7. Related to a backward compatibility in T7, the activation in C7 was postponed to T7 release 7.1 (see C7 newsflash from 1 Nov 2018).
  • Affected characters are listed below:
    • [ " ]; [ & ]; [ = ]; [ ` ]; [ @ ]; [ + ]; [ ' ]; [ < ]; [ > ]
  • Simulation start: 13 May 2019
  • Production start: 27 May 2019