2022-09-11 EBS Market Off-SEF/Off-MTF NDF Migration

EBS upgrade postponed to 11-Sep-22

EBS has postponed the production upgrade from 07-Aug-22 to 11-Sep-22 with trade date Monday, September 12.

Gateways affected

ebs_market_ilink3_sbe
ebs_market_mdp3_sbe
ebs_market_mdp3_sbe_udp

EBS Market OFF-SEF/OFF-MTF NDF Migration - Sunday, Sep 11

EBS is restructuring the EBS Market Off-SEF NDF venue effective Sunday, Sep 11 (trade date Monday, Sep 12), pending regulatory approval. All EBS Market Off-SEF/Off-MTF NDFs will be migrated to Off-SEF/On-MTF UK-regulated multi-lateral trading facility (“MTF”).

Full list of EBS products for reference: https://www.cmegroup.com/confluence/display/EPICSANDBOX/EBS+Product+Overview#EBSProductOverview-ProductInventory

API Impacts for the new Off-SEF/On-MTF instruments:

All EBS gateways: RegulatoryBodies.MiFID: will change from FALSE to TRUE.
ebs_market_ilink3_sbe: MiFID regulatory fields must be populated, as per ebs_market_ilink3_sbe.

Business Impacts:

Exchange Identifier: For affected instruments, the ExecutionVenue MIC will change from EBSC to XEBS.
Trading Schedule: The Off-SEF/On-MTF NDFs will have a daily trading close, similar to the NEX's On-SEF/On-MTF instruments. All Good for Auction (GFA) orders are eliminated at the close. Currently, the Off-SEF/Off-MTF NDFs close weekly.

Testing

As detailed in the EBS communication, the Off-SEF/On-MTF NDF instruments will be available for customer testing in the CME Globex New Release environment Monday, July 11.

The following instruments will be impacted with this migration:

Impacted Instruments	Description
ARS 1M	US Dollar/Argentine Peso NDF 1 Month Off-SEF
BRL 1M	US Dollar/Brazilian Real NDF 1 Month Off-SEF
CLP 1M	US Dollar/Chilean Peso NDF 1 Month Off-SEF
CNY 1M	US Dollar/Yuan NDF 1 Month Off-SEF
COP 1M	US Dollar/Columbian Peso NDF 1 Month Off-SEF
EGP 1M	US Dollar/Egyptian Pound NDF 1 Month Off-SEF
EGP 2M	US Dollar/Egyptian Pound NDF 2 Month Off-SEF
EGP 3M	US Dollar/Egyptian Pound NDF 3 Month Off-SEF
GHS 1M	US Dollar/Ghana Cedi NDF 1 Month Off-SEF
IDR 1M	US Dollar/Indonesian Rupiah NDF 1 Month Off-SEF
INR 1M	US Dollar/Indian Rupee NDF 1 Month Off-SEF
KES 1M	US Dollar/Kenyan Shilling NDF 1 Month Off-SEF
KRW 1M	US Dollar/South Korean Won NDF 1 Month Off-SEF
MYR 1M	US Dollar/Malaysian Ringgit NDF 1 Month Off-SEF
NGN 1M	US Dollar/Nigerian Naira NDF 1 Month Off-SEF
PEN 1M	US Dollar/Peruvian Nuevo Sol NDF 1 Month Off-SEF
PHP 1M	US Dollar/Philippine Peso NDF 1 Month Off-SEF
RUB 1M	US Dollar/Russian Ruble NDF 1 Month Off-SEF
TRY 1M	US Dollar/Turkish Lira NDF 1 Month Off-SEF
TWD 1M	US Dollar/New Taiwan Dollar NDF 1 Month Off-SEF
VND 1M	US Dollar/Vietnamese Dong NDF 1 Month Off-SEF
ZMW 1M	US Dollar/Zambian Kwacha NDF 1 Month Off-SEF
INR EOM JAN	US Dollar/Indian Rupee NDF 1 Month Off-SEF
INR EOM FEB	US Dollar/Indian Rupee NDF 1 Month Off-SEF
INR EOM MAR	US Dollar/Indian Rupee NDF 1 Month Off-SEF
INR EOM APR	US Dollar/Indian Rupee NDF 1 Month Off-SEF
INR EOM MAY	US Dollar/Indian Rupee NDF 1 Month Off-SEF
INR EOM JUN	US Dollar/Indian Rupee NDF 1 Month Off-SEF
INR EOM JUL	US Dollar/Indian Rupee NDF 1 Month Off-SEF
INR EOM AUG	US Dollar/Indian Rupee NDF 1 Month Off-SEF
INR EOM SEP	US Dollar/Indian Rupee NDF 1 Month Off-SEF
INR EOM OCT	US Dollar/Indian Rupee NDF 1 Month Off-SEF
INR EOM NOV	US Dollar/Indian Rupee NDF 1 Month Off-SEF
INR EOM DEC	US Dollar/Indian Rupee NDF 1 Month Off-SEF