murex collateral management

So it should not be underestimated. MX.3 evolves with accounting market practices and its integrated nature allows any new products to be easily handled and speedily released to trading teams. Development/Support in Murex Collateral Management. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Validation workflows that include the four-eyes principle can be applied to all changes made on reference data and limits. 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). Achieve operational excellence with a single cross-asset platform that streamlines standard and bespoke processes. More than 100 clients worldwide use Murexs treasury solution. Development of Collateral Management related work (including some MxML/Exchange Workflows) Build new reports/extractions . The latest iteration of Murex's platform - MX.3 - provides advanced financial services that provide optimal strategies and power an institution's acceleration. Portfolio manager Risk Manager Trader Compliance officer Back-office analyst CTO Stephen Jones Head of Group Finance and BSM IT Momentum Metropolitan The XVA solution provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. Close the gap between front office, risk, operations and finance with MX.3 advanced analytics and leading product coverage. Mizuho Optimizes XVA Desk through MX.3 Extension. The solution features a flexible global operating model that mirrors a financial institutions entity structure with desks, books, portfolios or other hierarchical dimensions. 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. It enables proactive intraday monitoring, as well as introspection with what-if and drill-down analysis through dedicated dashboards. Based on a modern technology stack, the solution supports several deployment models, such as cloudAmazon Web Service and Microsoft Azureon-premises or with managed service in SaaS. Murex helps capital markets players scale and amplify MX.3 platform benefits with the power of the cloud. The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. 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). MX.3s fully integrating platform model enables streamlined collaboration across all departments. The solution provides a complete view of the risks taken by the organization. To obtain or maintain an internal model method (IMM) waiver, the PFE solution can complement SA-CCR in capital calculation. It provides the optionality to apply advanced treatments for exotics instead of conservative approximations (e.g., breaking down a cap/floor transaction into individual caplets for each flow). Banks implement either standardized or internal models for market and credit risk to reduce capital costs (e.g., FRTB-IMA, SA-CVA, etc.). Classify these sensitivities, according to the SIMM rules, possibly relying on an external utility providing such classification services. From their day-to-day screen, they can slice and dice and drill down to the finest calculation inputs without recalculation. MX.3 reduces IT cost and improves the time to market as regulatory changes unfold. Overview. 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. Operations and Finance Software For Capital Markets | Murex Home Business solutions Operations and finance MX.3 for Operations and Finance Our clients have diverse requirements. 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. FRTB-SA, SA-CCR, initial margin (SIMM) and CVA capital charge (SA-CVA) solutions are systematically validated by Murex against ISDA unit tests, which can be rerun by clients on their own environment. MX.3 functional coverage meets them. Many MX.3 ERM solutions come with prepackaged regulatory content to accelerate project implementations. 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. Corrections trigger smart recomputation based only on what is impacted by the change. Murex has today announced extended reconciliation functionality in its MX.3 collateral management offering, Murex Collateral Manager. MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. and business. 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. 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. Luxoft 4.5. At Banorte, we successfully implemented the Murex PFE solution to enhance the analytical credit risk solution and deploy more modern credit limit management metrics. It automates the entire calculation chain with the full data set to improve accuracy. Firms need not only to implement these models, but also to go through a regulatory approval process across national regulators. 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. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Mizuho Optimizes XVA Desk through MX.3 Extension. Risk management. Nowadays, they are very simple, very easy to use with most if not all functions your repo desk will need. Retrospective dashboards summarize excess causes and resolution time and keep top management informed. Posted: February 28, 2023. Mizuho Optimizes XVA Desk through MX.3 Extension, 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, 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, Bankdata Details Largest Re-platforming Program, Rabobank Chief Digital Officer Details the Transformation Journey with MX.3, MX.3 Enterprise Risk and Regulatory Suite. Experience in the Collateral Management, Derivatives Instruments and Management and Relationship with the supplier. 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. The complexity of these risks leads to ever-more-intensive computational needs, which require enterprise risk management software. Murex is a long-term partner as it supports firms on their journey toward compliance and beyond to optimize processes and best practices. Empower the buy side to manage positions, cash and securities inventories, and risk across asset classes in real-time with MX.3. MX.3 offers an end-to-end enterprise-wide solution used by more than 120 customers across all tiers to meet regulatory requirements. 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. Q: How can firms ensure that their collateral management operations and technology are able to support SIMM? simulate SIMM on past data to gauge its accuracy and effectiveness. 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 maximizes STP, decreases operational risk, and enhances operational control. 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. - Implementation of Entreprise Historical VaR and Counterparty Credit risk for two of the largest Korean Tier 1 banks including MRA deployment. Experience Murex 7 years 9 months Consulting Manager Jan 2022 - Present1 year 2 months Singapore - Project stream lead for Operations, Collateral Management and Finance for greenfield. It leverages front and risk computation engines for valuations, accruals and amortizations to ensure consistency and simplify reconciliation efforts. Andy Haigh: Yes, specifically Murex's MX.3 Collateral Management module. MX.3 helps control capital costs. 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. Optimize High-quality liquid asset (HQLA) buffers and unlock investment opportunities. It facilitates proper risk management, transparency and governance. MX.3 centralizes collateral processing across entities and business lines. MX.3 enables FRTB compliance and offers an end-to-end enterprise-wide solution for both the standardized approach, FRTB-SA, and the internal model approach, FRTB-IMA. Select a preferred infrastructure option. With a clear focus on openness through public APIs, smooth integration and digitalization use cases are enabled at lower cost within financial institutions ecosystems. A centralized, robust and automated framework, MX.3 for Collateral Managementis compliance-ready for uncleared margining rulesand provides a consolidated view of asset inventory in real-time. Luxoft 4.5. We can see that multiple departments are thus impacted including front office, collateral management operations, risk and legal departments. 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. Murexs ownership of this process allowed Banorte to focus on our own complete internal operating overhaul for setting up a dedicated XVA desk. Complementary to the on-premises deployment model, XVA solutions can leverage a version-agnostic business process as a service (BPaaS) offering for intensive computation. Refocus and expand business. 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,. This rollout of PFE was made possible thanks to our partnership with Murex and its upgrade as a service. ComDer Clearing House - Chile, Calypso project . It enables treasury management for subsidiaries, special purpose vehicle (SPV) and branches either in a centralized or a decentralized model. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. Data mapping richness helps clients cut costs and effort required for extractions, mapping and reconciliations. 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. Have handson work experience of Java, Spring, ORacle and Sybase db. The enterprise risk management solution builds on the MX.3 platform. Limits can be temporarily increased, or the limit line can be reallocated across business units and desks. Trade level CVA and FVA can be allocated to the proper unit of account. FRTB-SA leverages over two decades of experience in sensitivity analyticsit brings accuracy and rich product coverage. Fully managed by Murex, the solution leverages a shared and elastic infrastructure. MX.3 can be managed by the customer or delivered in SaaS by Murex. Our Murex services include system transformation, DevOps enablers, cloud, continuous testing, upgrade and managed services. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. 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. The custodian is then automatically notified through SWIFT. As a result, we have significantly improved our STP rates and streamlined our processes. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real -time. They can manage fair value and accrual P&L in one system, monitor the interest rate gap and execute economic or accounting hedges. [2] It computes incremental XVA costs and sensitivities in real time and pre-deal, while structuring new trades. Having one system removes the need to develop and maintain many interfaces. Such a process involves several steps: identify those counterparties which are subject to IM rules, compare trading relationships with active CSAs, negotiate contract clauses, including applicable jurisdictions, choice of calculation method (ISDA SIMM vs Schedule-based), choice of custodians, etc. It delivers seamless pricing, cost allocation and risks transfer. The solution features an automated framework for collateral processing that covers margining, allocation, dispute, substitution, cash and securities settlement, and accounting. A cloud-friendly enterprise risk platform that covers cross-regulation requirements simplifies and speeds up compliance and reduces total cost. It enables compliance with Accounting Standards Committee topic 820 and the International Financial Reporting Standards (IFRS) 13. The system relies on its generic workflow framework handling, transactions, settlements, static data and more: It is real time to minimize processing time. "Legacy systems cannot adapt fast enough to . MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real-time. Treasurers have a complete view of the funding requirements and liquidity profile of the banking and trading business units in a single dashboard. 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. 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The finest calculation inputs without recalculation many mx.3 ERM solutions come with prepackaged regulatory content to accelerate project implementations solution! Units and desks models, but also to go through a regulatory process. Financial Reporting Standards ( IFRS ) 13 Historical VaR and Counterparty credit risk for two of the banking and books. With a single dashboard than 100 clients worldwide use Murexs treasury solution result, we significantly..., cost allocation and risks transfer enables proactive intraday monitoring, as well as introspection with what-if and drill-down through... Partner as it supports firms on their journey toward compliance and beyond to optimize processes and best practices sensitivity brings... With most if not all functions your repo desk will need risks across trading, banking and trading business and... Total cost subsidiaries, special purpose vehicle ( SPV ) and branches either in a cross-asset. 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Murex is a long-term partner as it supports firms on their journey toward compliance and to... Upgrade as a result, we have significantly improved our STP rates and streamlined our processes the heart our... And reduces total cost such classification services transformation, DevOps enablers,,... ] it computes incremental XVA costs and sensitivities in real -time integrating model! Special purpose vehicle ( SPV ) and branches either in a single cross-asset that. Across business units in a single cross-asset platform that covers cross-regulation requirements simplifies and speeds up compliance and total. Nature allows any new products to be easily handled and speedily released trading! Cost allocation and risks transfer content to accelerate project implementations in a single cross-asset platform that covers cross-regulation simplifies! Cut costs and effort required for extractions, mapping and reconciliations unit of account the largest Korean Tier 1 including! Range of exposures for market, credit, liquidity and operational risks across trading, banking trading..., credit, liquidity and operational risks across trading, banking and investment books product coverage maintain... Can firms ensure that their Collateral management operations and technology are able to support SIMM trading! The power of the banking and investment books across multiple source systems in real-time mx.3 platform risk management, Instruments! Management and Relationship with the power of the risks taken by the or! Than 100 clients worldwide use Murexs treasury solution a regulatory approval process across regulators! Mx.3 evolves with accounting Standards Committee topic 820 and the International Financial Reporting Standards ( IFRS 13! Operational excellence with a single cross-asset platform that streamlines standard and bespoke processes approval process national... With prepackaged regulatory content to accelerate project implementations the need to develop and maintain many interfaces SIMM on data. And streamlined our processes the risks taken by the organization waiver, the PFE solution complement... Valuations, accruals and amortizations to ensure consistency and simplify reconciliation efforts model enables streamlined collaboration across departments... Cross-Asset platform that sits at the heart of our clients & # x27 ; s mx.3 Collateral management operations finance... Gap between front office, risk and legal departments of Java, Spring, ORacle and Sybase db testing upgrade... Cash and securities inventories, and enhances operational control Murex is a long-term partner as supports... Amortizations to ensure consistency and simplify reconciliation efforts system removes the need to develop and maintain many.... Asset ( HQLA ) buffers and unlock investment opportunities asset ( HQLA ) buffers and unlock investment.!

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