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EurexOTC Clear Release 9.2

EurexOTC Clear Release 9.2

With OTC Release 9.2 Eurex Clearing is planning to introduce several functional and technical changes for all Eurex OTC Clear products. OTC Release 9.2 will be available in the simulation environment starting Wednesday, 15 May 2019. The go-live date is planned for Monday, 17 June 2019.

On this website, we will provide Clearing Members with information updates throughout the development of OTC Release 9.2 in order to support adequate planning and to ensure a successful introduction. All relevant information for your readiness will be published on this site.

Release 9.2 will introduce the following enhancements:

It is planned to expand the EurexOTC Clear Service (OTC IRS and OTC Currency Products) with the following functionalities:

  • FpML TradeEntry Interface (used by Approved Trade Sources): The existing “Trade Entry API Ping Response” message is changed from binary to text format as for other trade entry API requests.
  • Logic for populating the WF-Role in FpML messages: The WFRole will be “Client” if the trade is booked in the General Clearing Member's Specified Client Account or any Disclosed Client (DC)'s accounts (P-Account, A1-A9-Account or any fund account under the DC).
  • New report CC209: The report is a subset report of CC204 showing initial Margin figures and will be available in csv-format.
  • Internal trade ID in reports: Existing reports will be enhanced to show both the internal trade id for the CM and DC (with Member ID).

The following changes are only relevant for the US Clearing Model (LSOC) for Swap clearing:

  • The LSOC service offering will be enhanced to support the “LSOC Without Excess Model” (see number 6.4 of the FCM Regulations of Eurex Clearing AG) and to support fund manager and other DC set-ups, as for the European model.
  • For the Post Trade Event (PTE) “account transfer”, a take-up process will be introduced. This will allow US Clearing Members (FCM Clearing Members) to perform a risk/limit check during an account transfer process (trades will be stopped at “PTE_WAIT_TAKEUP” status until the new Clearing Member/FCM Clearing Member has accepted the trade).

If you have any questions or require further information, please contact your dedicated Group Client Key Account Manager Clearing by sending an e-mail to: otcrelease@eurexclearing.com.