With the introduction of the C7 Release 12.0, Eurex Clearing will implement several key features, including the Fee Code Logic, Reason code for external position transfers, Open/close Flag for Give-up via FIXML, VBAP functionalities, a new Admissible Securities file, and Harmonization of Corporate Action processing.
Simulation start: 01 September 2025
Production start: 10 November 2025
Release Items/Participants Requirements
Feature/Enhancement | Details | Action Item |
Adjustment on Fee Code Logic | Eurex Clearing will introduce the following fee changes: Fee Eligibility Changes:
Alternative Fee Currency for FX Products:
| These updates will require careful attention from Clearing Members to ensure accurate fee calculations and compliance with the new rules. In case of any questions contact your Clearing Key Account Manager or client.services@eurex.com. |
Add Reason code for External Position Transfer | Eurex Clearing will adopt a standardized set of reason codes, developed by the Futures Industry Association (FIA). This aims to improve transparency, boost efficiency, and strengthen risk control.
Additionally, the CB730 report will be revised to include the new "Reason Code" field. | Clearing Members should be aware about upcoming changes and make necessary preparations. |
Open/Close flag for Give-up via FIXML | Eurex Clearing will mandate the "AllocPosEfct" (tag 1047) field in the FIXML AllocationInstruction messages for Give-up instructions and VBAP allocations with Give-up. This aligns with its existing mandatory status in the C7 GUI. | Clearing Members should be aware of the of the mandatory inclusion and other changes and make necessary preparations. |
Value Based Average Pricing (VBAP) Functionality Enhancements | Eurex Clearing will support multiple VBAP allocations in a single FIXML request. Each allocation must include a unique "IndividualAllocID" (tag 467), streamlining processing and reducing message volume.
| Eurex Clearing Members should be aware of a revised FIXML request message structure in addition to new fields in FIXML messages, including "IndividualAllocID", "FirmGroupID", "AllocPosEfct", and "ClearingFreeTextGrp", introduced to support enhanced VBAP functionality and reporting. |
Harmonization of Corporate Action (CA) Processing for Stock Options | Eurex Clearing will revise the stock option (OSTK) corporate action processing by rounding trading units to whole lots. Fractional lots will be eliminated with an equalization payment. | Clearing Members should ensure readiness for the updated CA logic and note the initial conversion (one-off corporate actions (R-factor 1) to remove fractional OSTK option lots, excluding baskets). |
New Admissible Securities File | Eurex Clearing has introduced a new version of the Admissible Securities file, which is available via the Common Report Engine and the Eurex Clearing website. | Clearing Members should be aware of the required transition to the new Admissible Securities file (00FILADMISPUBLI) format prior to the implementation of C7 Release 12.0. |
Are you looking for information on a previous initiative? We have stored information about our previous initiatives in our Archive for you!
Contacts
Eurex Frankfurt AG
Customer Technical Support / Technical Helpdesk
Service times from Monday 01:00 – Friday 22:00 CET
(no service on Saturday and Sunday)
T +49-69-211-VIP / +49-69-211-1 08 88 (all)
Eurex Frankfurt AG
Key Account Management
Service times from 09:00 - 18:00 CET
