February 20, 2017
NOTICE 17/014
ICE Clear US Release 8.2 PCS from GCM Parallel Run
A major system release for ICE Clear US (ICUS) is scheduled to be implemented after close of business on Friday
st
March 31 , 2017. The ICUS 8.2 Release will primarily consist of features incorporated in the Clearing Platform 8.1
th
Release implemented for ICE Clear Europe on November 4 of last year, as well as other minor changes included in
Release 8.1.5 and 8.2. Part of this release includes the elimination of the Position Change Submission (PCS) file
from end-of-day (EOD) processing and using in its place the Gross Customer Margin (GCM) file to derive final
positions. Please review the following summary describing the PCS from GCM change.
Final PCS will no longer be supported except on the last settlement date. PCS will be solely derived from
the GCM file submission for non-expiring contracts. On last settlement date, firms can either submit a GCM
file or input final long position for an expiring contract directly into ECS. If a position change for an expiring
contract exists in both a GCM file and ECS input, the ECS submission will take precedence. Please note,
the PCS from GCM feature is currently supported by ICUS today. AM and Intraday PCS file submission will
continue to be supported.
To help firms understand the new process, ICUS will conduct a test parallel run in the Production Support
environment.
EOD production positions and files will be used in Production Support which has been upgraded to ICUS 8.2 release.
A summary of the parallel details are as follows:
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st
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First scheduled run will be Tuesday February 21 , 2017 with reports available on Wednesday February 22 ,
2017.
After the first run, the parallel will run on each subsequent Monday and Wednesday with reports available
the following Tuesday and Thursday.
ICUS will use each firms production EOD GCM file in the parallel test unless a firm submits a test GCM file
to ICUS to replace its production file. The file should be sent to [email protected] where ICUS staff
will load the file to Production Support on the firm’s behalf. The file must be received by 10:00 AM Eastern
time on the Tuesday or Thursday for the previous EOD to insure it will be included as part of the parallel run.
The following reports will be available in Production MFT folder ###/clearing/margin/test where ### = firm
number and in .pdf and .csv where applicable:
o
o
o
o
o
o
o
o
MPMAPA - Manual PCS Audit
MPPCS - PCS Submissions Report
MPGCMB - EOD - GCM Customer Balancing Account Report
MPGCMND - EOD - GCM Non Disclosed Account Report
MMPR - Position Recap And Margin Summary
MPGCMS - GCM File Submissions Status
MTTPR - Trade And Position Register
MPMO - Match-off File
Clearing members and vendors should review the updated ICUS 8.2 Clearing Systems Member/Vendor
Impact documents as well as the 8.2 ICE Clear Technical Specifications posted in ICE Community.
FOR MORE INFORMATION
ICE Clear US
[email protected]
(212) 748-4001
View All Circulars / Contact Us / Media Inquiries
(312) 836-6777
View All Circulars / Contact Us / Media Inquiries