EurexOTC Clear: Production launch announcement of EurexOTC Clear Release 19.0

1.    Introduction

With this circular, Eurex Clearing would like to announce the production launch of EurexOTC Clear Release 19.0 on Monday, 19 May 2025. All EurexOTC Clear Members are affected by the introduction of EurexOTC Clear Release 19.0.

Production start: 19 May 2025

Learn more about EurexOTC Clear Release 19.0 on our dedicated initiative page on the Eurex Clearing website www.eurex.com/ec-en/​ under the following link:

Support > Initiatives & Releases > EurexOTC Clear Releases > EurexOTC Clear Release 19.0.

Circulars, timeline, and additional information will be available there for you.
 
2.    Required action

The functions and services introduced with this release might have an impact on the report and FpML processing of EurexOTC Clear Members.

After the batch processing on Friday, 16 May 2025, reports will be created based on EurexOTC Clear Release 18.0 format. Intraday and End-of-Day reports that will be created on Monday, 19 May 2025, start of business, will be created based on EurexOTC Clear Release 19.0 format.

3.    Details of the initiative

A. Documentation for EurexOTC Clear Release 19.0
 

As announced with Eurex Clearing Circular 095/24 and documented in the “Functional Release Notes”, EurexOTC Clear Release 19.0 will introduce changes relevant for OTC IRS Swap and FXNDF Participants.
Further details on enhancements and changes can be found in the functional and technical documentation which is updated with EurexOTC Clear Release 19.0. The “OTC Procedures Manual”, the final version of all documents, samples, and XSD files are available in the Member Section​ of Deutsche Börse Group under the following directory:

Resources > Eurex Clearing > Documentation & Files > EurexOTC Clear > System documentation
 

B. Changes to be introduced with EurexOTC Clear Release 19.0

• Enhancement of Package Trade and Linkage Trade Clearing functionalities
• Direct Debit removal for certain PTEs
• US Cross-Product Margining
• Enhancements to the Margin Calculator API for the future introduction of the Portfolio Margin Adjustment (PMA)
• Update of the trade attribute "NettingString" for residual trades for TriOptima Compression
• Change in the rejection time of pending portfolio transfer requests
• PTE not allowed for the trades with intraday unsettled transfer payment on the same day
• Report changes
• GUI changes
• API changes

Please note that the US Cross-Product Margining is planned to go live only technically with this release unless the approval from the CFTC authorities is received until 19 May 2025. Separate communication will be sent out for the go live of the service offering.

Detailed information about each release item has been published on the respective initiative page under the following link: Support > Initiatives & Releases > EurexOTC Clear Releases > EurexOTC Clear Release 19.0 and has been documented in the Functional Release Notes.

In connection with the introduction, please also consider the “EurexOTC Clear Release Known Limitations” list, which has already been updated and published in the Member Section of Deutsche Börse Group under the following path:

Resources > Eurex Clearing > Documentation & Files > EurexOTC Clear > General question log and Known limitations

Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.

Further information