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CCP Release 16.5

CCP Release 16.5

Eurex Clearing's Securities

With the introduction of CCP Release 16.5, Eurex Clearing will follow the extension of Clearstream (CBF) services with regards to selected Non-Collective Safe Custody (NCSC) instruments. This website will provide Eurex Clearing Members with the relevant content and updates throughout the development of the Release in order to support adequate planning and to ensure a successful go-live.

The NCSC instruments where T2S settlement is considered as feasible will be labelled as NCSC-T (Non-Collective Safe Custody on T2S) and settled via CBF on T2S platform for equity and equity like products. Based on the settlement location T2S Eurex Clearing will adapt its internal processes and settle those instruments in the same way as for Collective Safe Custody (CSC).

As the CSC processing is currently available in the CCP system, no changes to the current processing will be applied. The deliveries will be displayed with CBF settlement account number and location and settled via T2S for equity and equity like products. Eurex Clearing will start to apply the CSC processing for NCSC-T instruments in the simulation Environment in May 2019. The introduction of CCP Release 16.5 is planned for June.

Simulation start: 20 May 2019
Production start: 24 June 2019

Participation requirements

Since the CSC processing is available in the CCP system, there will be no technical and functional change on the report structure. The deliveries will be displayed in reports (i.e. CE260, CE270) with CBF settlement account number and location and settled via T2S for all equity and equity like products and with settlement via (I)CSD for Eurex Repo.

Customer processing WM data service input for instrument master data file have to consider the field GD400 containing new value "060" for NCSC-T instruments. For additional information, please refer to Clearstream information D18082 from 21 December 2018 and respective Clearstream documentation.

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