EuroCCP is pleased to confirm the timelines for the distribution of Client reporting between 22 December and 2 January, as follows:-
22 December 2017
EuroCCP will distribute end-of-day CIF & CHC files at the usual time. These reports will form the basis for the margin calls issued in the morning of Wednesday 27 December 2017. Clearing Participants may wish to deposit additional collateral on Friday 22 December in order to avoid a margin call on 27 December.
25 and 26 December 2017
EuroCCP will be closed and no CIF & CHC files will be distributed. No margin calls will be made.
27 December 2017
EuroCCP will be open and CIF & CHC files will be distributed at the usual time. Margin calls will be made at the usual times.
29 December 2017
EuroCCP will distribute end of day CIF & CHC files at the usual time. Clearing Participants may wish to deposit additional collateral on Friday 29 December in order to avoid a margin call on 2 January.
2 January 2018
EuroCCP will be open and CIF & CHC files distributed at the usual time. Margin calls will be made at the usual times.
Following the newsflash dated 16 June 2017, EuroCCP is pleased to inform you of the enhancements that SIX SIS CSD is making to its Auto-split service for CCP trades settling at SIX SIS CSD with effect from 20 Nov 2017.
SIX SIS CSD is introducing additional auto-splitting cycles for CCP transactions, resulting in deliveries from members now qualifying for all intra day cycles listed below:
The Auto-split service is offered in conjunction with the CSD Power of Attorney (PoA).
Although the CSD PoA is optional, EuroCCP highly recommends the use of Auto-split functionality in conjunction with the CSD PoA given the positive impact of these combined services on settlement efficiency. This service is very similar to EuroCCP’s Settlement agent POA set up and requires minimal changes to benefit from the increased settlement efficiency and reduction in post trade costs.
For further details of the CSD PoA, Auto-Split and EuroCCP reference (Pool reference), we would refer you to EuroCCP’s Service Description – CSD PoA Swiss market. The new functionality will be included in the Service Description as from 20 November 2017.