C7 is the state-of-the-art Clearing Platform of Deutsche Börse Group and has – since its introduction for EUREX Clearing AG (ECAG) in 2013 – been significantly extended and improved to serve customers across various markets with highly reliable solutions.
ECC and its members have been using C7 since the migration of Collateral Management Services in December 2017 and the migration of Advanced Risk Protection Services in December 2018. The migration of Position & Transaction Management services in August 2019 marks the final step of moving customer facing services to the new platform.
For more detailed information on C7 please visit www.eurexclearing.com > Technology > Eurex Clearing’s C7.
Benefits for customers
- State-of-the-art clearing system on one common architecture with Eurex Clearing.
- Market standard and low footprint interfaces simplify system integration.
- Shorter time-to-market for launching new products and greater responsiveness to changing regulatory demands.
Use of the C7 GUI
To familiarize with the functionalities in the C7 GUI, short videos can be found here: www.eurexclearing.com > Clearing > Technology > Eurex Clearing's C7 > Education.
Further Information and System Documentation on C7 (Functional User Guide, GUI User Guide, FIXML API Description, Report Manual, and much more) can be found here: www.eurexclearing.com > Clearing > Technology > Eurex Clearing's C7 > System Documentation.
|Account Sponsor||System Clearing Member|
|Account Owner||Non-Clearing Member|
|Instrument Symbol||Future/Option Contract|
|Trading Unit||Contract Size|
|Zero-Cost-Quantity (ZCQ)||Not relevant for ECC|
|Participant||Any type of entity available in C7|
ECC provides a complete overview of trades and positions, margin requirements, payments and deliveries for each product and member.
Furthermore, Clearing Members receive comprehensive information on risk and collateral. Some of the risk reports are even delivered every few minutes to help you to closely monitor the current risk situation.
Clearing processes take place on two back-ends: the SMSS back-end and the Eurex back-end. For this reason, there are differences in reporting between spot market transactions and derivatives transactions.
Further Information and System Documentation on C7 (Functional Guide, GUI Guide, FIXML API Description, Report Manual, and much more) can be found here: www.eurexclearing.com > Clearing > Technology > Eurex Clearing's C7 > System Documentation.
|Spot Trade Report||contains all Spot Market transactions (Day-Ahead and Intraday) per trading day|
|Payment Report||contains all Spot Market transactions (Day-Ahead and Intraday) per settlement day|
|Delivery Report||contains all Spot Market transactions as well as delivery instructions from expired future positions per delivery day|
|Invoice Report||contains all Spot and Derivatives Market transactions as well as delivery instructions from expired futures and options positions which have fallen due per invoice|
|Collateral Report||contains collateral transactions and balances of bank guarantees used by a NCM as collateral and collaterals of DCP CM|
|Margin Report||contains Initial Margin Spot Market (IMSM)|