Improve efficiency and cost-effectiveness. Used by more than 200 customers across all tiers, MX.3 offers end-to-end enterprise-wide and cross-asset solutions covering over 300 payoffs. With SA-CCR, when collateral management is managed within the same MX.3 platform, the exposure-at-default (EAD) measure can be reduced in real-time while improving accuracy and reliability. Corporate and retail activities can be integrated in MX.3. Facing a quickly evolving regulatory environment, MX.3 enables clients to stay ahead, across various processes: Collateral management, with uncleared margin rules, Transaction Regulatory Reporting, with the coming major rules review (e.g., EMIR refit, CFTC rewrite). Our clients have diverse requirements. Because of its global client community, Murex can support new clients in all regions with experienced consultants and guide them through the challenging process of regulatory rules interpretation and validation on any jurisdictions. It has been an impressive journey with Murex as they continued to invest in all parts of their MX.3 platform, not just the front-office piece for which we originally used them. MX.3 includes an XVA management solution. Smaller firms use our platform front-to-back, and need not only to generate CRIF-formatted sensitivities, but also rely on our capabilities to compute initial margin, and use our collateral operations to generate margin calls. Click here FormGroup-1 * First Name * Last Name * Job Title * Company * Email * Country FormGroup-3 Do You Have a Project? MX.3 streamlines the full hedge accounting process end-to-end, be it micro-hedge or macro-hedge, with a broad coverage of hedge types (e.g., fair value hedge, cash flow hedge, net investment in foreign currency hedge). Development/Support in Murex Collateral Management. Comply with international and domestic GAAPs. MX.3 achieves Fundamental Review of the Trading Book (FRTB) compliance. From their day-to-day screen, end users can slice and dice and drill down to the finest calculation inputs, such as trades parameters, legal agreement in addition to other reference data. MX.3 interfaces with market and reference data providers, multi- and single-dealer platforms, affirmation and clearing, repo management, collateral, settlement and transaction regulatory reporting. The powerful MX.3 cash flow engine strengthens the solution by generating contractual flows and estimates future flows across all asset classes, enabling real-time monitoring of liquidity ladders. The solution features an automated framework for collateral processing that covers margining, allocation, dispute, substitution, cash and securities settlement, and accounting. Murex training with murex online course, corporate course, support, end -user training by top best expert consultant with hands-on experience at reasonable price with flexible timings murex training Follow Advertisement Advertisement Recommended Nivethitha_Murex and Manual Testing_7 yrs Nivethitha Balasubramanian 1k views 7 slides Development of Collateral Management related work (including some MxML/Exchange Workflows). It eases standard-compliance checks and solution validation by regulators. We are a top-tier Murex Alliance Partner and a market leader in implementation, integration, upgrade and migration. Overview. The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. Across all our clients, we are seeing collateral data reinforced as being key across various departments: not only from a VM and IM calculation and processing perspective, but also for pricing, trading and risk management. Funding desks can perform further analysis by drilling down to the currency, security or trade-level information. Nowadays, they are very simple, very easy to use with most if not all functions your repo desk will need. It supports trading, treasury, risk and post-trade operations to help clients meet regulatory requirements and to manage risk and IT costs. MX.3 for Collateral Management | Murex Home Insights MX.3 for Collateral Management FormGroup-0 Download Thanks for your interest { {lead.First Name}} Not you? Business dashboards summarize excess causes and resolution time and keep senior management informed. Download the brochure: MX.3 for Operations and Finance. It highlights the need for collateral management systems to: Extend the VM process to IM, including the ability to process in real-time margin calls on an electronic messaging platform such as Acadiasoft Marghinsphere. It is based on qualitative interviews with over 30 market participants conducted in the second and third quarters of 2020. Beyond the automation capabilities enabled, which include margining, allocation, settlement and accounting, MX.3 is designed and uniquely positioned to provide integrated functions: optimize allocations according to cheapest to deliver, maintain enterprise inventory of securities, integrate with securities finance, refine XVA pricing and risk management and comply with regulations such as SFTR and SA-CCR. These firms might therefore need to have a decentralised way of managing SIMM, generating risk sensitivities across these systems. 04 Aug 2022. MX.3 is at the heart of the banks IT infrastructure, connecting seamlessly with existing systems (e.g., core banking, data warehouse, general ledger, etc.) Regulations have had a dramatic impact across all business processes within capital markets. #murex #riskmathics #latam #fintech #traditionalbanking . The MX.3 platform offers banking book integration, a centralized inventory of all securities including from trading activity, securities lending and borrowing, repo collateral and securities held or pledged as collateral assets. Murex is a software company offering a wide range of products and tools necessary for the success of financial institutions in today's digital world. The last piece of the process, margin call processing, has similarities with the variation margin process, but it comes with some specificities: in particular, once firms have agreed with their counterparties on the amounts of initial margin and additional collateral, they are then generally relying on tri-party agents to fulfil their collateral requirements. Head of Operations Head of finance Head Product Control Head of collateral Back-office analyst Data specialist Pamela Hacker It covers internal market risk; fundamental review of the trading book (FRTB); X-valuation adjustment (XVA); standardized approach for measuring counterparty credit risk (SA-CCR); credit risk and initial margin (IM). Alternatively, it can be provided via the triparty collateral management systems CmaX (CBL). Project Tasks included: Functional Lead - Data Migration For Agreement Static Data: - Mapping of ALGO (previous collateral management system) fields to Murex fields - Building upload file for migration of agreement static data Cash collateral is provided to Eurex Clearing by way of full title transfer. LEARN HOW BANKDATA LEVERAGES MX.3 TO TRANSITION TO RISK-FREE RATES UNDER IBOR REFORM, AS WELL AS FRTB AND SA-CCR, FOR EIGHT DANISH BANKS. Limits can be temporarily increased, or the limit line can be reallocated across business units and desks. Murex is a global fintech leader in trading, risk management and processing solutions for capital markets. With automated and integrated business processes, including trade management, document management, risk calculation, reporting and sub-ledger functionality, this solution helps reduce operational risk by providing: Smart designation of hedges by traders and product control with pre-defined strategies, Specific events (e.g., de-designation, rebalancing, refresh) with a full audit trail, Retrospective and prospective effectiveness measurements using various qualitative and quantitative methods, Dashboard to monitor effectiveness and P&L impacts of designated hedges, Automatic generation of documentation with hedge characteristics, A process for bucketing macro-hedge relationship flows and optimization of asset and liability usage, Prepackaged and customizable hedge accounting schemas, dedicated reporting tools and live screen reporting. As a result, we have significantly improved our STP rates and streamlined our processes. In short, to ensure that collateral operations and technology both support these regulatory margin requirements using the SIMM, and to be ready by the deadline, financial institutions need to look at the collateral management process front to back and holistically, across these several dimensions, and make sure an appropriate level of governance is put in place. Operational efficiency can be maximized with bilateral and cleared relationships seamlessly managed within one system. This enterprise risk management software is used by a large and diverse range of market participants to meet regulatory requirements including Basel III, Dodd-Frank, European market infrastructure regulation (EMIR) and Volcker. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Development of Collateral Management related work (including some MxML/Exchange Workflows) Build new reports/extractions . Mizuho Optimizes XVA Desk through MX.3 Extension. MX.3 helps financial institutions comply with various transaction-based regulatory regimes, such as G20 Transaction Reporting and Securities Financing Transactions Regulation (SFTR). MX.3 functional coverage meets them. Infrastructure provisioning linked to intraday corrections is optimized because of a surgical recomputation based on what is impacted by changes. Supported Traders, Risk Managers and Support teams on client-side to help them leverage on Murex functionalities to optimize operations and reduce time to market new financial products . It is exception-based. With a clear focus on openness through public APIs, smooth integration and digitalization use cases are enabled at lower cost within financial institutions ecosystems. This. It automates the entire calculation chain with the full data set to improve accuracy. MX.3 offers an end-to-end enterprise-wide solution used by more than 120 customers across all tiers to meet regulatory requirements. Learn more about the event here: http://bit.ly/3XITM8J Its MX.3 platform is engineered to meet evolving challenges. The full job description is as follows: Location: Jersey City, NJ. MX.3 features a rich set of data-driven business objects to support smooth trade processing, static data set-up and to ease maintenance: Counterparties: core data as well as settlement instructions and confirmation instructions. The 2022 Risk Technology Awards recognised products and services that helped firms steer through the Covid-19 pandemic, a testament to the winners' resilience in the face of unprecedented disruption and the key role they play in today's markets. It is an integrating platform to optimize liquidity management, precisely measure risk and control operational cost. MX.3 is the integrating capital markets platform Discover MX.3 Sales and trading Close the gap between front office, risk, operations and finance with MX.3 advanced analytics and leading product coverage. Classify these sensitivities, according to the SIMM rules, possibly relying on an external utility providing such classification services. The prepackaged solutions give flexibility, enabling clients to adapt based on their own interpretation of a regulation. Comply with evolving global and local regulations and standards. This includes calculation of bilateral BCBS/IOSCO WGMR margin rules. Limits can be temporarily increased, or the limit line can be reallocated across business units and desks. Control total cost of ownership. Operations teams are continuously adapting to changing regulations and market infrastructure evolution while supporting ever-growing transaction volumes across financial products. Murex has today announced extended reconciliation functionality in its MX.3 collateral management offering, Murex Collateral Manager. Extend the usage of securities as collateral. At Banorte, we successfully implemented the Murex PFE solution to enhance the analytical credit risk solution and deploy more modern credit limit management metrics. Murex is a global fintech leader in trading, risk management, and processing solutions for capital markets. Central management enables consistent and efficient monitoring of intraday limit usage. While the VM process is mostly a cash-based bilateral process, IM is security-based, and involves a third-party. Provide capabilities to output various types of sensitivities delta, vega, curvature. With 300 clients and 57,000 users spread across 60 countries around the world, Murex has a truly international client base of capital markets participants. 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