Yes, the settlement instructions contains the Place of Settlement (PSET).
Eurex Clearing will use the MIC codes: XETR, XFRA, XERE, XEUR, BTAM, Eurex Clearing, ECGS
Option 2 will be implemented, usage of generic SME MIC code (ECGS).
Eurex Clearing's BICs depending on market: EUXCDEFFXXX, EUXCDEFFBON, EUXCDEFFCCP.
MT537 penalty messages will only be sent by the CSDs, as only CSDs are responsible for the penalty calculation process. CSDs will populate field 22H with "PENA". Eurex Clearing will not send own MT537 penalty messages.
For the filling of other settlement related SWIFT messages please refer to the Release Notes (3.1.1 Population of delivery instructions).
In general, Eurex Clearing will ensure timely matching of instructions or will use a special indicator in the delivery instruction to avoid LMFP at the CSDs (e.g. reinstruct after partial Buy-in). There are some rare cases where the usage of the indicator is still in clarification with ESMA. LMFP will always charged to Eurex Clearing as sender (last modifier) of the message.
This is not expected to occure at Eurex Clearing due to technical preventions imposed.
This is not expected to occure at Eurex Clearing due to technical preventions imposed.
SME netting with non-SME is technically prevented at Eurex Clearing but not possible in current Eurex Clearing market setup.
Yes for future setups, but not the case in current Eurex Clearing market setup.
A new SME specific code 'ECGS' (registered at ESMA for SME) will be used for SME netting.
No, that is not expected.
Bilateral cancellation of instructions could only be required when Eurex Clearing sends instructions without Power of Attorney (PoA). As Eurex Clearing has PoA for all CSDR relevant (I)CSDs), that is not applicable.
Bilateral cancellation of instructions could only be required when Eurex Clearing sends instructions without Power of Attorney (PoA). As Eurex Clearing has PoA for all CSDR relevant (I)CSDs), that is not applicable.
TDN is supported since the launch of C7 SCS in September 2021. For the Repo market on Securities CCP (ASDN) the creation of instruction is seen as TD, as described in EACH framework (3.1.2 Netting based on settlement date).
In case of any questions or your require further information, please contact us at client.services@eurex.com.