Summary
ECC would like to provide detailed information about the introduction of C7 Release 11.0, which is scheduled for Monday, 18 November 2024. A simulation environment is already available. Besides technical compatibility with general changes in participant interfaces (C7 GUI, CRE reports and FIXML), a clean-up of GUI user accounts is planned, which are set up but have been inactive in the last 2 years. In December 2024 (exact date will be provided separately), ECC is introducing an automated solution for the EUR Cash Quota processing for Cash Collaterals (see ECC Clearing Circular 17/2023). For that purpose, a new Type of Money (ToM) “Quota” will be introduced. In the simulation environment, activation is planned for 29 October 2024. The automated Cash Quota processing will be introduced to the End-of-Day collateral evaluation in C7. With the automated solution, the Cash Quota will need to be fulfilled for each collateral pool individually.
Contact
European Commodity Clearing AG
Clearing & Settlement
Phone: +49 341 24680-444
E-mail: clearing@ecc.de