Further to ECC Clearing Circular No. 52/2018 concerning the migration of ECC derivatives position & transaction management services to C7 (“C7 migration”), this circular focuses on the detailed go-live schedule for the production launch on 12 August 2019.
ECC members are advised to use the information in this circular in addition to the circular 07/2019 on C7 documentation to implement the necessary changes on their side and to prepare for the production launch.
Furthermore, ECC encourages its members to continue participating in the simulation phase in order to validate adaptions made and train in using the new clearing system.
The last business day of EUREX Classic will be Friday, 9 August 2019. The position migration will take place during the following weekend and position migration reports will be available around 3 PM on 10 August 2019. From 12 August 2019 onwards, C7 will be the exclusive clearing system of ECC for all derivatives contracts. The final golive confirmation letter will be sent on 7 August 2019.The final migration statement will be announced around 6:30 PM on 10 August 2019.
Of course, we remain at your disposal under c7@ecc.de in case further clarifications are required.
Contact
European Commodity Clearing AG
Clearing & Settlement
Phone: +49 341 24680-444
E-mail: clearing@ecc.de