Learn more about the event here: http://bit.ly/3XITM8J 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? It facilitates the transfer of funds between accounts through manual or automatic procedures. All business objects come with standard data management functionalities (e.g., lineage, extension capabilities, audit, four-eyes validation) and can be synchronized with external repositories. and business. Of course, there are variations with readiness and the degree of work required to get up to speed with margin rules and SIMM 2.0 depending on the size and shape of the firm itself. From their day-to-day screen, they can slice and dice and drill down to the finest calculation inputs, such as trades, sensitivities, reference data and scenarios. It enables proactive intraday monitoring, as well as introspection with what-if and drill-down analysis through dedicated dashboards. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Download our MX.3 for Enterprise Risk Management brochure. 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. MX.3 centralizes the processing and reporting of trades, positions, margin calls and settlements across all instrument types, trading sources and settlement routes. 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. MX.3 offers strong analysis capabilities to risk officers. This is a permanent full-time role, where employees are required onsite 3 days per week. Remote. It supports trading, treasury, risk and post-trade operations to help clients meet regulatory requirements and to manage risk and IT costs. MX.3 offers an end-to-end enterprise-wide solution used by more than 120 customers across all tiers to meet regulatory requirements. MX.3 enables institutions to achieve these objectives from trade booking to affirmation / confirmation, down to settlement and position management. Collateralization & typical portfolio mix An institution's OTC portfolio will commonly contain a mix of: - Bilateral CSAs with 0 threshold and daily margining (cash) - Positions cleared on CCPs : daily or intraday exchange of Variation and Initial Margin - CSAs with asymmetric terms One-way with SSAs Over-collateralized agreements (IAs, 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. These firms might therefore need to have a decentralised way of managing SIMM, generating risk sensitivities across these systems. It facilitates compliance with the latest regulatory requirements and unlocks a fast time to market to cope with new demands. Mizuho Optimizes XVA Desk through MX.3 Extension. It covers a wide range of analytical exposures, including pre-settlement, lending, issuer, country and concentration risks. Mizuho Optimizes XVA Desk through MX.3 Extension. Model validation and implementation: firms can either use a schedule-based method, or a model with margins that meets a 99% confidence level of cover over a 10-day standard margin period of risk. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real -time. MX.3 offers pricing, trade capture and trade life cycle management in a versatile catalog of traditional and structured treasury products. Murex helps capital markets players scale and amplify MX.3 platform benefits with the power of the cloud. MX.3 offers a fund transfer pricing (FTP) framework integrating the bank's activities to our capital markets solution. Murex Specialist at iNovoTek Solutions United Kingdom. MX.3 functional coverage meets them. Luis Alejandro Medina Portillo, Market Specialist & Regional Manager at Murex LatAm, will be joining an expert panel at the event to discuss the evolving roles of traditional banking and fintech. 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. IM computation, by aggregating these sensitivities, using risk weights and correlations. The solution provides a complete view of the risks taken by the organization. Rahba: Lets look at the end-to-end process of getting IM calls settled on a daily basis. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Dania Fakredin-Viatte Co-Founder at DayOm Paris. Initial margin costs can also be used pre-trade to feed a trading decision, for example to optimize counterparty choice. Many MX.3 ERM solutions come with prepackaged regulatory content to accelerate project implementations. Q: Based on the experience of those who've already implemented SIMM, what are some of the tricky implementation points to be handled with care? Trade level CVA and FVA can be allocated to the proper unit of account. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Limits can be temporarily increased, or the limit line can be reallocated across business units and desks. Optimize High-quality liquid asset (HQLA) buffers and unlock investment opportunities. 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. Seize market opportunities. Maintained up to date through a local regulatory watch, it enables clients to adapt more quickly to regulatory changes and ensures that solutions support Basel standards exceptions. A cloud-friendly enterprise risk platform that covers cross-regulation requirements simplifies and speeds up compliance and reduces total cost. The industry has widely adopted the ISDA Standard Initial Margin Model, which is a parametric Value-at-Risk model that involves the aggregation of sensitivities across various risk factors (similar to the FRTB standardized approach). It facilitates the optimization of HQLA buffers and enables the investment of excess cash using diversified approaches. Manages report preparers, control and governance process Securitization and Equity RWA Manager - Basel III Director (Regulatory Reporting) Manages team of SMEs through quarterly and monthly. These include limit suspension, trade hedging or blocking contracts breaching limits. The solution features an automated framework for collateral processing that covers margining, allocation, dispute, substitution, cash and securities settlement, and accounting. Control total cost of ownership. 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. Larger firms that were part of earlier phases, might be using our platform from a front-office perspective, where we are focusing on making sure they can generate sensitivities across asset classes. Remote. It became apparent that we had the right chemistry to build such a long-term strategic partnership, and the Murex solution provided the opportunity to simplify our systems architecture, build a single, fully integrated front-to-back solution for all our treasury needs. Out-of-the-box connectivity to reconciliation tools facilitates cash, security position and collateral exposure reconciliation. The solution provides access to denormalized data via its powerful business intelligence tool or through APIs and batch extractions to downstream systems. Murex Information We are the long-term technology partner for the capital markets, working with financial institutions in over 60 countries to adapt and evolve their IT systems. To successfully compete, they must leverage technology and deliver new value to customers. As the dust starts to settle for firms that have put the deadline behind them, these firms are looking more and more at the impact of such margins on the value chain of trading. Development of Collateral Management related work (including some MxML/Exchange Workflows) Build new reports/extractions . Murex's modular platform includes products such as MX.3 for Risk Control and MX.3 for Collateral Management, both of which have won a growing following among customers that have begun to standardize on Murex's trading and risk management product portfolio. The MX.3 multi-GAAP, multi-entity and multi-currency solution provides accurate financial information for all asset classes, leveraging front office and risk calculation engines for valuations, accruals, amortizations and hedge reclassifications. MX.3 is delivered with standard out-of-the-box processes, which can be customized to fit the target operational process of the institution. It supports historical value at risk (VAR), expected shortfall, stress testing and profit and loss explanations, all of which can be computed both with full revaluation as well as Taylor-based calculations. It enables end users to get figures analyzed efficiently and meet the deadline for official results sign-off. MXCMS provides end to end solution for Collateral management which is being given by Murex and the leader in Capital market Trading Platform.IT provide a single collateral Platform across. MUREX SAS ("Murex"), the leading provider of cross-asset trading, risk, and back-office solutions, announces the release of its fully overhauled MX.3 for Collateral Management solution, designed to better support sell-side and buy-side financial institutions in creating an effective pre- and post-trade collateral optimization framework. MX.3 enables the management of corporate actions, from sourcing to settlement across various asset classesequities, fixed income and securities finance: Voluntary, mandatory and mandatory with choice events management for securities, listed and OTC derivatives, Full life cycle management, including notification, simulation of elections, reconciliation, settlement and accounting, Corporate actions journal management and automatic propagation to positions, trades and static data, Automated allocation to internal books through configurable rules. Seamlessly connect in batch and real time. The MX.3 enterprise market risk solution provides a complete view of risks across the organization. The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. Operating collateral management in a centralized manner across bilateral and cleared OTC, listed derivatives, repo trading and securities lending reduces operating costs and makes it easier to optimize collateral inventory use. [1] Murex was founded in 1986 in Paris by Laurent Nel and Salim Edde, who were soon followed by Salim's three brothers and his brother-in-law. MX.3's dashboards offer treasurers a bird's-eye view of liquidity ladders, liquid asset buffers and cash and securities inventory to aid secured and unsecured funding decisions. It brings risk figure consistency across regulatory solutions, such as CVA capital charge, counterparty credit risk risk-weighted assets (RWA), central counterparty (CCP) charge, large exposure reporting or leverage ratio. MX.3 offers a genuine end-to-end trade life cycle management with a high-performing straight-trough processing (STP) framework. It facilitates proper risk management, transparency and governance. While the VM process is mostly a cash-based bilateral process, IM is security-based, and involves a third-party. Murex has developed a global network of trusted partners in the capital markets ecosystem to support growth as it remains focused on core expertise areas. 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. This includes calculation of bilateral BCBS/IOSCO WGMR margin rules. Our clients have diverse requirements. Answer (1 of 3): Three options: 1- get hired by Murex: they have offices throughout the world (Paris, New York, Beirut, Singapore, Sao Paolo, Shangai, ). Extend the usage of securities as collateral. Murexs ownership of this process allowed Banorte to focus on our own complete internal operating overhaul for setting up a dedicated XVA desk. This ensures high STP rates while controlling operational risk through dedicated dashboards, across all business lines and asset types, leveraging: Automatic assignment of standing settlement instructions (SSI), Multiple payment methods (e.g., gross, net, CLS, DVP, FOP, PVP, pre-delivery) and channels (e.g., SWIFT, over account, RTGS), Full support of the transition from SWIFT MT to SWIFT MX (i.e., ISO 20022), compliant with cross-border payments guidelines and local real-time gross settlement systems (e.g., TARGET2, CHAPS, FEDWIRE), Real-time view of nostro cash and security accounts for intraday settlement and next day projections for accurate funding and security inventory monitoring, with interfaces to reconciliations tools. Operating from our 19 offices, 2400 Murexians from over 60 different nationalities ensure the development, implementation and support of our platform which is used by banks, asset managers, corporations, and utilities, across the world. Our Murex services include system transformation, DevOps enablers, cloud, continuous testing, upgrade and managed services. Sibos 2022: Listen to Rabobank, Murex and Accenture as they provide perspectives on the opportunities of IT re-platforming. Mizuho Optimizes XVA Desk through MX.3 Extension. Murex has today announced extended reconciliation functionality in its MX.3 collateral management offering, Murex Collateral Manager. This hybrid deployment model allows Murex clients to avoid costly hardware buys and answers regulatory constraints linked to sensitive data. Portfolio manager Risk Manager Trader Compliance officer Back-office analyst CTO Stephen Jones Head of Group Finance and BSM IT Momentum Metropolitan Dedicated alliance managers define relevant strategies with system integrators, connectivity partners, technology partners and industry associations across all regions. Because all cash transactions are transferred into a single account at Eurex Clearing, segregation is achieved on the clearing house level using the record-keeping of Eurex . It eases standard-compliance checks and solution validation by regulators. MUREX SAS, the leading provider of cross-asset trading, risk, and back-office solutions, announces the release of its fully overhauled MX.3 for Collateral Management solution. With MX.3, the product control department can manage entity and group consolidated official P&L and P&L attribution cross-asset, across the trading and banking books. It is based on qualitative interviews with over 30 market participants conducted in the second and third quarters of 2020. Murex Explores How Digital Assets, DLT Might Reshape Digital Landscape, Sibos 2022: Rabobank, Accenture and Murex Discuss Platform Transformation, LIBOR Transition Preparing for the Final Year, Nationwide Outlines Critical Factors in Selecting Murex as Treasury Vendor. Download the brochure: MX.3 for Operations and Finance. Experienced Murex Professional with a demonstrated history of working in the investment banking. 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. This report examines top innovative trends in collateral management adopted by central banks, institutions managing banking books and trading books, and the buy-side. They can manage fair value and accrual P&L in one system, monitor the risk and execute economic or accounting hedges. MX.3 functional coverage meets them. Its MX.3 platform is engineered to meet evolving challenges. Exceptions are handled manually from a dashboard with a birds eye view. Limits can be temporarily increased, or the limit line can be reallocated across business units and desks. Posted: February 28, 2023. So it should not be underestimated. 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. MX.3 can be managed by the customer or delivered in SaaS by Murex. Overview Our Software Murex and the Cloud What We Think Case Studies Overview MX.3 functional coverage meets them. MX.3 for Collateral Management overcomes inefficiencies in your organizational management by offering a single framework for enterprise-wide margining, optimization, regulatory compliance and collateral trading. 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. MX.3 maximizes STP, decreases operational risk, and enhances operational control. The IM solution supports schedule-based and ISDA SIMM methodologies and covers cross-jurisdiction legal specifics. It is a three-step process: Sensitivities generation, across various asset classes and products. It offers a wide integration capability that enables a smooth fit within existing IT landscapes. MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. Extend the usage of securities as collateral. Build Accurate Rate Curves in an Inflationary Context. Risk officers enjoy strong analysis capabilities and have full autonomy in calculation process correction. 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. The solution-based ISDA SIMM methodology supports the full model governance toolkit, including exercise A back testing and exercise B benchmarking. It automates the entire calculation chain with the full data set to improve accuracy. The aim is long-term value creation. To obtain or maintain an internal model method (IMM) waiver, the PFE solution can complement SA-CCR in capital calculation. Q: Are firms looking at initial margin as a post-trade down-stream process, or is it influencing trading decisions? The solution features a flexible global operating model that mirrors a financial institutions entity structure with desks, books, portfolios or other hierarchical dimensions. Murex delivers smart technology to capital markets. The full job description is as follows: Location: Jersey City, NJ. Luxoft 4.5. MX.3 enjoys the widest instrument coverage in the industry, from flow to complex products. Posted 9:29:01 PM. Comply with evolving global and local regulations and standards. NAB Significantly Improves Performance by Migrating MX.3 to AWS, Pavilion Energy, Upskills, Murex Deploy MX.3 to Azure, Leading Mexican Bank Banorte Strengthens Credit Risk Management Practices, Rabobank Achieves Strategic Transformation with Murex MX.3, BIBD Embraces Murex Solution for Bank Treasury with Islamic Finance, Momentum Metropolitan Migrates, Upgrades MX.3 to AWS, Murex Enables NCB to Meet Complex SA-CCR Requirements, ABN AMRO Relies on Murex and smartTrade to Automate the Full FX value Chain, Krungsri (Bank of Ayudhya) Manages Higher Volumes, Rapidly Scales with Murex, Sibos 2022: Rabobank, Accenture and Murex Discuss Platform Transformation, Nationwide Outlines Critical Factors in Selecting Murex as Treasury Vendor, Murexs Philippe Helou Discusses IBSi Sales League Table 2022 Win, ICBC Standard Bank Details Main Benefits of Using MX.3 for Commodities Trading, ICBC Standard Bank COO Reveals Deciding Factors in Selecting Murex as Partner, Rabobank Chief Digital Officer Details the Transformation Journey with MX.3, IBSI FinTech Journal August 2021 - The Big Interview. MX.3 empowers institutions with a single repository for trades, orders, positions and reference data, based on a few core foundations: MX.3 features a multi-source, multi-entity, connected global repository supporting our clients current and future operating models; it seamlessly supports back-to-back trades, risk allocation, and inter-entity structures. MX.3 for Collateral Management has helped more than 100 financial institutions streamline collateral operations with regulatory compliance. It covers standard agreements such as CSA, CSD, SCSA, GMRA and GMSLA. $136,000 to $150,000 Yearly. MX.3 supports full compliance with uncleared margins rules (UMR) across jurisdictions, from the full support of ISDA SIMM and schedule-based initial margin calculation methodologies, down to connectivity to key tri-party agents and third-party custodians. It is a great tool for collateral management or for triparty repos where you can import the actual position at the end of the day. "Legacy systems cannot adapt fast enough to . These include limit suspension, trade hedging or blocking contracts breaching limits. P&L and P&L attribution can be validated altogether, with trader sign-off and official reference P&L crystalized and published to trading, risk and for sub-ledger reconciliation. A high-performance simulated PFE calculation engine gives end users access to an accurate real-time intraday exposure. What are the New Trading Trends and Opportunities in 2023? Murex, Amid Hiring Drive, Ranked Second-Best Place to Work in France, Glassdoo, Anadolubank Goes Live on MX.3 with MXGO for Treasury and Trading Management, Murex Sees Strong Recognition at Asia Risk Technology Awards 2022, Murex Develops Interface that Offers Fixed Income, Derivatives Data from ICE, Murex Extends Winning Streak in IBSi Sales League Table, MX.3 Again Named Software Solution of the Year at the FTF Awards, Bank Pekao SA Selects Murex to Optimize Total Cost of Ownership, Piraeus Bank Completes Rationalization Project with Murex, Murex Ranked as a Top 10 Place to Work in France on Glassdoor, Murex Expands Mexico City Offices and Bolsters Americas Presence, At Murex, were pleased to be attending and supporting the RiskMathics Digital Banking & Financial Technologies Forum, taking place in Santa Fe from 7th-9th March. Multiple relational database management systems (RDBMS) choices are available between Microsoft SQL Server, SAP ASE or Oracle. 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