Eurex Clearing
Dear customer,
With this Newsflash, Eurex Clearing announces the production launch of C7 CAS Release 2.284, scheduled for today, Monday, 26 August 2024.
The following enhancement is being introduced to improve the user experience for Clearing Members:
Production start: 26 August 2024
Learn more about C7 CAS Release 2.284 on our dedicated initiative page on the Eurex Clearing website www.eurex.com/ec-en/ under the following link: Support > Initiatives & Releases > C7 CAS Releases > Release 2.284.
Introduction of Home Market Settlement (HMS)
The current settlement infrastructure requires that firms can only settle physically delivered equity options and futures at Clearstream Banking Frankfurt (CBF). This set-up obliges clients to re-align their assets, i.e. moving assets from their domestic Central Securities Depository (CSD) to CBF for settlement.
As a result, Clearing Members holding their inventory at other depositories in home countries need to re-align securities between their settlement account at the home CSD and their settlement account at CBF (or SIX SIS) to facilitate settlement of Eurex physical deliveries instructed by Eurex Clearing.
To support our customers and improve the settlement efficiency, Eurex Clearing will introduce the possibility to settle physical deliveries resulting from Eurex equity options and futures at the domestic CSD, if the domestic CSD is one of the Euroclear Settlement of Euronext-zone Securities (ESES) CSDs, i.e. Euroclear France, Euroclear Nederland or Euroclear Belgium.
With the new C7 CAS functionality the following improvements will be implemented:
Kind regards
Your Client Services Team
Visit now Eurex Support Clearing to access a wide array of support content!
Recipients: | All Clearing Members and Central Coordinators of Eurex Clearing AG | |
Target groups: | Middle + Backoffice | |
Contact: | client.services@eurex.com | |
Web: | Support > Initiatives & Releases > C7 CAS Releases > Release 2.284 |
