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 enables treasury management for subsidiaries, special purpose vehicle (SPV) and branches either in a centralized or a decentralized model. 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. It automates and controls the banks value chain. Second, it provides control,with tools to monitor and act on exceptions along with a cradle-to-grave audit trail. Aug 2013 - Jun 20162 years 11 months. 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. 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. The solution can be implemented all at once or incrementally at a staggered pace where and when it makes organizational sense. Murex Collateral Workflow Resource. Limits can be temporarily increased, or the limit line can be reallocated across business units and desks. Corporate and retail activities can be integrated in MX.3. 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. 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. Due to high accuracy and full coverage of risk-weighted assets (RWA) across multiple jurisdictions, this end-to-end solution enables strong capital payback. 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. MX.3 provides enterprise solutions that allow banks to control market, credit, and liquidity risk for internal and regulatory compliance. Additionally, the common technical framework ensures that consultants reuse existing skills to speed up FRTB-SA projects. IM computation, by aggregating these sensitivities, using risk weights and correlations. 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. 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. MX.3 for Enterprise Risk Management is a cloud-ready solution that enables risk managers to stay one step ahead on risk control and to achieve regulatory compliance. MUREX optimizes and integrates trading, risk management and settlement into a package that . MX.3 includes an XVA management solution. MX.3 enables institutions to achieve these objectives from trade booking to affirmation / confirmation, down to settlement and position management. This is complemented by a real-time limit and exposure monitoring solution. Cash collateral is provided to Eurex Clearing by way of full title transfer. MX.3 offers margining, regulatory compliance and collateral trading for all asset classes: bilateral or cleared OTC, repo or securities lending, and exchange traded derivatives products. ), netting agreements. 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. Looking ahead, the model will need to be calibrated on a regular basis as part of the governance of SIMM. As a result, we have significantly improved our STP rates and streamlined our processes. Its powerful Monte Carlo engine simulates counterparty credit risk measures. 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. Our client, a leading global bank, is searching for a Collateral Management Associate. Overview. Fully managed by Murex, the solution leverages a shared and elastic infrastructure. Learn more in an introductory video. A similar approach has been taken for FRTB-SA, FRTB-IMA, initial margin, SA-CCR and CVA capital charge. Improve efficiency and cost-effectiveness. It recognizes that collateral management has become very intertwined with many business functions within financial institutions. Finance teams operate in a complex world of multiple currencies, across multiple legal entities with multiple accounting schemas. - Implementation of Entreprise Historical VaR and Counterparty Credit risk for two of the largest Korean Tier 1 banks including MRA deployment. It leverages a pay-as-you-go model and infrastructure elasticity. Murex is a company that provides financial software for trading, treasury, risk, and post-trade operations for financial markets. From an implementation perspective, market risk capabilities (P&L, Value at Risk) need to be leveraged to pass the validation step, and monitoring procedures need to be established. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. [2] MX.3 enjoys the widest instrument coverage in the industry, from flow to complex products. 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. We are expecting updates of this model on a yearly basis, meaning new parameters as part of this calibration exercise, and feedback from market participants, as well as a methodology review. It provides critical pricing, desk management and accounting capabilities to hedge and optimize XVA costs. As an example, 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 its accuracy and reliability. 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, Build Accurate Rate Curves in an Inflationary Context, Sibos 2022: Rabobank, Accenture and Murex Discuss Platform Transformation, ICBC Standard Bank COO Reveals Deciding Factors in Selecting Murex as Partner, ICBC Standard Bank Details Main Benefits of Using MX.3 for Commodities Trading, Rabobank Chief Digital Officer Details the Transformation Journey with MX.3, IBSI FinTech Journal August 2021 - The Big Interview. 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. 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. Independent market data and models support an Independent Price Verification (IPV) framework. Multiple payment methods (e.g., gross, net, CLS, DVP, FOP, PVP, pre-delivery) and channels (SWIFT, over account, RTGS), 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. 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 a three-step process: Sensitivities generation, across various asset classes and products. This enables risk officers to get corrected figures efficiently and meet the deadline for official results. Mizuho Optimizes XVA Desk through MX.3 Extension. 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. The solution supports local and specific conventions across markets worldwide, including Islamic finance and Latin America particulars, among others. MX.3 has helped numerous financial institutions across the globe to be compliant on time, while unleashing new business opportunities. Mizuho Optimizes XVA Desk through MX.3 Extension. What are the New Trading Trends and Opportunities in 2023? MX.3 simplifies post-trade with all products, from high-volume FX cash to complex over-the-counter derivatives, managed on a robust, single platform. Simultaneously, achieving cost savings and control of operational risks is a conundrum. The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. 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.) 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. Overview Our Software Murex and the Cloud What We Think Case Studies Overview Larger firms, for whom initial margin requirements have been phased in since September 2016, tend to have a more decentralised risk infrastructure. simulate SIMM on past data to gauge its accuracy and effectiveness. 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. 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. MX.3 is delivered with standard out-of-the-box processes, which can be customized to fit the target operational process of the institution. The SA-CCR solution includes necessary documents to reduce documentation efforts for clients. Accenture has been helping Murex clients transform their front, middle and back office operations and risk management functions, including collateral management and treasury operations, for near 30 years. It facilitates the optimization of HQLA buffers and enables the investment of excess cash using diversified approaches. Optimize profitability and risk management of your lending activity, manage your liabilities funding cost and trading cost of funds. Risk control can monitor the SA-CCR in addition to the existing CEM framework in a single system. It proposes solutions for both the standardized approach, FRTB-SA, and the internal model approach, FRTB-IMA. Risk managers play a key role in securing the performance of their organization. It automates the entire calculation chain with the full data set to improve accuracy. Our clients have diverse requirements. MX.3's flexible structuring tool and adaptable configurations make it simple for end-users to extend coverage to additional structured products on the fly. Experienced Murex Professional with a demonstrated history of working in the investment banking. MX.3 empowers funding and issuance desks to run their short- and long-term funding activities. To serve large and complex computations, MX.3 provides a proprietary grid or can be integrated with the IBM Symphony grid, and supports both CPU and GPU engines. It is an integrating platform to optimize liquidity management, precisely measure risk and control operational cost. In October 2021, Murex's MX.3 platform was implemented at . 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. MX.3 offers strong analysis capabilities to risk officers. Firms need not only to implement these models, but also to go through a regulatory approval process across national regulators. Alternatively, it can be provided via the triparty collateral management systems CmaX (CBL). 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. With a clear focus on openness through public APIs, smooth integration and digitalization use cases are enabled at lower cost within financial institutions ecosystems. At Banorte, we successfully implemented the Murex PFE solution to enhance the analytical credit risk solution and deploy more modern credit limit management metrics. . Responsibilities. As IM regulations are being phased-in until 2020, we see a lot of institutions focusing on initial margin as a post-trade down-stream process. Rahba: Firms need to embark on quite a long and complex journey to get their organisation and collateral management procedures up to speed with the phase-in of initial margin regulations. Murex is a long-term partner as it supports firms on their journey toward compliance and beyond to optimize processes and best practices. In addition to entries posting at transaction level, it supports concurrent inventory cost methods (e.g., FIFO, AVP, cherry picking) with robust capabilities to drill down to the contributors of the position providing accessible, reliable, transparent data. Key Responsibilities Inspect system generated collateral calls for accuracy prior to making margin calls. Posted 9:29:01 PM. 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. Murex helps capital markets players scale and amplify MX.3 platform benefits with the power of the cloud. MX.3s fully integrating platform model enables streamlined collaboration across all departments. A common data model allows the solutions to seamlessly interact with one another. MX.3 addresses two main principles. Back-testing / Benchmarking: as part of this validation process, firms need to provide back-testing results for portfolios in scope, i.e. 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. Download the brochure: MX.3 for Operations and Finance. We provide end-to end project services and have delivered over 200 successful Murex projects across all major asset-classes and sectors including investment banking, asset management, corporate treasury and insurance. Format results as per the standard ISDA CRIF (Common Risk Interchange Format). This new version has been in effect since the end of 2017. MX.3 enables finance teams to manage the appropriate accounting entry generation for all products and entities. 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. MX.3 for Collateral Management has helped more than 100 financial institutions streamline collateral operations with regulatory compliance. 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. risk management, collateral, operations, finance, investment management and treasury. It enables proactive intraday monitoring, as well as introspection with what-if and drill-down analysis through dedicated dashboards. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Central management enables consistent and efficient monitoring of intraday limit usage. Dynamic and versatile professional with deep expertise in Finance and Banking, specifically in a Middle-Office/Trade Support/Operations environment, at a Team Management and Leadership level, including Operational Risk Management, Data Analysis and Automation responsibilities. Market conditions demand prioritized bank focus on treasury departments. Skilled in Murex Collateral Management, Integration, MxML, BO, SWIFT, Confirmations and Notification. MX.3 runs each process in a fully automated manner, such as routing or exception checks based on a set of predefined rules. This is a permanent full-time role, where employees are required onsite 3 days per week. 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. Select a preferred infrastructure option. What are the New Trading Trends and Opportunities in 2023? It is powered by a robust, high-volume infrastructure with a global real-time operating model. Financial institutions have entered a digital race. DFA, Volcker Rule .) Ensure financial resilience. It covers a wide range of analytical exposures, including pre-settlement, lending, issuer, country and concentration risks. Murex is a global fintech leader in trading, risk management, and processing solutions for capital markets. In a changing financial world, our technology is designed to help our 57,000 daily users respond to the challenges they face today and build foundations for the future. Murex Recent Developments. 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. Experience of front to back/risk trade lifecycle, trade workflow, business functionality. Not a specific collateral management activity but key for an efficient collateral management process Each party has its own version of a transaction in its system (sometimes even Build Accurate Rate Curves in an Inflationary Context. Collateral operations: once firms are equipped with capabilities to compute regulatory-compliant initial margins, they need to update their collateral processes to ensure these margins get settled on time. Limits can be temporarily increased, or the limit line can be reallocated across business units and desks. Murex supports diverse financial services clients, from banking and asset management to commodities and energy. Discover opportunities posed by regulatory requirements. This rollout of PFE was made possible thanks to our partnership with Murex and its upgrade as a service. Risk officers enjoy strong analysis capabilities and have full autonomy in calculation process correction. 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