It facilitates the optimization of HQLA buffers and compliance checking. Refocus and expand business. Development of Collateral Management related work (including some MxML/Exchange Workflows). Achieve regulatory compliance. As a result, we have significantly improved our STP rates and streamlined our processes. From their day-to-day screen, they can slice and dice and drill down to the finest calculation inputs without recalculation. 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 more than 20 years. Overview Our Software Murex and the Cloud What We Think Case Studies Overview XVA P&L can be fully broken down by various effects such as time decay, market (e.g., forex, interest rates or spreads movements), trade and market operation effects. MX.3 is delivered with standard out-of-the-box processes, which can be customized to fit the target operational process of the institution. Operations are no exception. Project in Murex SAS Paris, in Client Services Department Stream Lead of Enterprise Risk Management - Support to client requests on risk modules: Market Risk, Credit Risk, Risk Control and. Optimize profitability and risk management of your lending activity, manage your liabilities funding cost and trading cost of funds. 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 is a great tool for collateral management or for triparty repos where you can import the actual position at the end of the day. VaR). Operating from our 19 offices, 2400 Murexians from over 60 different nationalities ensure the development, implementation and support of our platform which is . Regulatory solutions like FRTB-SA, FRTB-IMA, SA-CCR and initial margin (IM) come with prepackaged regulatory content that facilitates reporting on multiple jurisdiction requirements. It is a three-step process: Sensitivities generation, across various asset classes and products. These include limit suspension, trade hedging or blocking contracts breaching limits. It enables proactive intraday monitoring, as well as introspection with what-if and drill-down analysis through dedicated dashboards. Back-testing / Benchmarking: as part of this validation process, firms need to provide back-testing results for portfolios in scope, i.e. They can manage fair value and accrual P&L in one system, monitor the risk and execute economic or accounting hedges. It is designed to be flexible enough to support changing regulatory requirements while centralizing and simplifying them, ensuring . 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). 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. 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. Simultaneously, achieving cost savings and control of operational risks is a conundrum. It covers standard agreements such as CSA, CSD, SCSA, GMRA and GMSLA. 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. Provide capabilities to output various types of sensitivities delta, vega, curvature. The custodian is then automatically notified through SWIFT. Trade level CVA and FVA can be allocated to the proper unit of account. 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. It eases standard-compliance checks and solution validation by regulators. Comply with evolving global and local regulations and standards. Smaller firms that will phase in between now and 2020, generally have a more centralised way of managing the process from sensitivity generation across asset classes down to margin calculation and so on. Mizuho Optimizes XVA Desk through MX.3 Extension. The solutions support variations to the Basel standards and enable clients to adapt more quickly to regulatory changes with packages updates. The Search for a True, Front-to-Back, Modular Vendor Offering . Nos vemos en CDMX entre el 7-9 Marzo!. This new version has been in effect since the end of 2017. P&L is calculated on the official position scope models and market data within MX.3, following market standards to assist in accounting standards compliance. 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. Risk management. Our clients have diverse requirements. Corporate and retail activities can be integrated in MX.3. It avoids mapping issues and brings implementation efficiency and day-to-day accuracy. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. 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. 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. Holiday calendars: with connectivity to market utilities such as Swaps Monitor. Murex helps capital markets players scale and amplify MX.3 platform benefits with the power of the cloud. MUREX optimizes and integrates trading, risk management and settlement into a package that . It provides critical pricing, desk management and accounting capabilities to hedge and optimize XVA costs. More than 100 clients worldwide use Murexs treasury solution. The solution can be implemented all at once or incrementally at a staggered pace where and when it makes organizational sense. 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. In October 2021, Murex's MX.3 platform was implemented at . Mizuho Optimizes XVA Desk through MX.3 Extension. MX.3 functional coverage meets them. 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. Collateral pay-off function : - Risk-free value of the collateralized portfolio at the re-margining date - Thresholds, Minimum Transfer Amount, Independent amounts, rounding rules - Outstanding balance - Haircuts applicable to the collateral asset Copyright 2011 Murex S.A.S. We are a top-tier Murex Alliance Partner and a market leader in implementation, integration, upgrade and migration. Learn more in an introductory video. MX.3 offers an enterprise-wide solution for global credit risk management. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. MX.3 functional coverage meets them. MX.3 offers a fund transfer pricing (FTP) framework integrating the bank's activities to our capital markets solution. 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. It is powered by a robust, high-volume infrastructure with a global real-time operating model. #fintech #technology #DigitalBanking. In the context of a major rules review, MX.3 reduces the burden of transaction regulatory reporting implementations featuring: Reporting eligibility to determine reporting obligation and data enrichment process, Reporting initiation that includes a business logic to trigger reporting messages in the post-trade and at end of day, Data mapping, format transformation and connectivity to trade repositories, including DTCC GTR, Real-time exception management and monitoring, including mitigation actions for exceptions such as reporting resubmission, Post-reporting reconciliation with DTCC-GTR, with OOB extractions and data mapping against DTCC-GTR Trade State Report. 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. MX.3 can be managed by the customer or delivered in SaaS by Murex. Select a preferred infrastructure option. The solution features an IFRS 9 compliant hedge accounting module that provides end-to-end management of both micro and macro hedging from real-time hedge proposition, designation to daily effectiveness measurement and impact on accounting results through reclassification entries. These include limit suspension, trade hedging or blocking contracts breaching limits. see more Enterprise risk management Build an overall strategy for regulatory compliance and internal risk management. cross-currency swaps). The platform empowers leading teams to streamline standard and bespoke processes across all product types in a 24/7 trading world. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. The enterprise risk management solution builds on the MX.3 platform. This includes calculation of bilateral BCBS/IOSCO WGMR margin rules. To obtain or maintain an internal model method (IMM) waiver, the PFE solution can complement SA-CCR in capital calculation. 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. 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. . MX.3 maximizes STP, decreases operational risk, and enhances operational control. The project ran from July 2019 to June 2022, going live in May 2022. 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. Connect with key tri-party agents to get collateral allocated. Eases standard-compliance checks and solution validation by regulators June 2022, going live May... 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