All rights reserved 4 5. MX.3 is a scalable, multi-entity platform. Regardless of whether MX.3 is used as an end-to-end enterprise solution or a building block, its integration capabilities enable straightforward integration into an existing system landscape. Dedicated alliance managers define relevant strategies with system integrators, connectivity partners, technology partners and industry associations across all regions. Data quality enrichment done for SIMM benefits FRTB-SA. A similar approach has been taken for FRTB-SA, FRTB-IMA, initial margin, SA-CCR and CVA capital charge. In 2019, the collateral management and OTC derivatives processing vendor solutions space is dominated by two questions from a Tier I and Tier II investment bank selection process perspective: Head of Operations Head of finance Head Product Control Head of collateral Back-office analyst Data specialist Pamela Hacker 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. Limits can be temporarily increased, or the limit line can be reallocated across business units and desks. We are a top-tier Murex Alliance Partner and a market leader in implementation, integration, upgrade and migration. The latest iteration of Murex's platform - MX.3 - provides advanced financial services that provide optimal strategies and power an institution's acceleration. Some clients are also looking at extending valuation adjustment capabilities to incorporate funding effects related to IM, in the Margin Valuation Adjustment (MVA). MX.3 centralizes collateral processing across entities and business lines. Due to high accuracy and full coverage of risk-weighted assets (RWA) across multiple jurisdictions, this end-to-end solution enables strong capital payback. Murex delivers smart technology to capital markets. 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. The solution supports local and specific conventions across markets worldwide, including Islamic finance and Latin America particulars, among others. 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. 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. Strong professional with a BE degree focused in Information Technology from K.J. 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. MX.3 enables finance teams to manage the appropriate accounting entry generation for all products and entities. The complexity of these risks leads to ever-more-intensive computational needs, which require enterprise risk management software. Murex helps capital markets firms achieve new growth paths and connects them to all participants. 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. It facilitates the transfer of funds between accounts through manual or automatic procedures. In a nutshell, a SIMM project involves various parties (front-office, risk, operations, legal) and different technology capabilities along those functions, so one of the challenges is to set up the right project governance model. 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. Manage market risk for trading and banking books in one system. $1bn in innovation over 10 years Murex partners with over 300 clients, including global banks, market makers, leading multi-regional banks, regional and national banks. So it should not be underestimated. Rahba: First and foremost, firms need to be regulatory compliant by exchanging margins on a daily basis. #fintech #technology #DigitalBanking. 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. Comply with international and domestic GAAPs. This rollout of PFE was made possible thanks to our partnership with Murex and its upgrade as a service. In each client jurisdiction, a local regulatory watch ensures those packages remain up-to-date with regulation changes. The solution supports historical value at risk (VAR), expected shortfall, stress testing and profit and loss explanations. 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 . Leverage innovation, scale and amplify with the power of the cloud. You are part of a cross technical and functional agile team, where you . The platform empowers leading teams to streamline standard and bespoke processes across all product types in a 24/7 trading world. Our Murex services include system transformation, DevOps enablers, cloud, continuous testing, upgrade and managed services. 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. Second, it provides control,with tools to monitor and act on exceptions along with a cradle-to-grave audit trail. Trade level CVA and FVA can be allocated to the proper unit of account. It enables compliance with Accounting Standards Committee topic 820 and the International Financial Reporting Standards (IFRS) 13. First, it saves costs by maximizing automated STP processes and reducing manual intervention to where it adds value. Full-Time. Sibos 2022: Listen to Rabobank, Murex and Accenture as they provide perspectives on the opportunities of IT re-platforming. It enables compliance with Accounting Standards Committee topic 820 and the International Financial Reporting Standards (IFRS) 13. 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. Learn more in an introductory video. The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. Facilitate bank liquidity risk analysis, control and reporting. It avoids mapping issues and brings implementation efficiency and day-to-day accuracy. Q: Are firms looking at initial margin as a post-trade down-stream process, or is it influencing trading decisions? The project ran from July 2019 to June 2022, going live in May 2022. It eliminates unnecessary reconciliation between the front and back offices. Mizuho Optimizes XVA Desk through MX.3 Extension. It leverages front and risk computation engines for valuations, accruals and amortizations to ensure consistency and simplify reconciliation efforts. "Legacy systems cannot adapt fast enough to . 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. Achieve operational excellence with a single cross-asset platform that streamlines standard and bespoke processes. MX.3 functional coverage meets them. In October 2021, Murex's MX.3 platform was implemented at . 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. It facilitates the optimization of HQLA buffers and enables the investment of excess cash using diversified approaches. Experienced Murex Professional with a demonstrated history of working in the investment banking. Regulations have had a dramatic impact across all business processes within capital markets. Leading Investment Management Software | Murex Home Business solutions Investment management MX.3 for Investment Management Our clients have diverse requirements. It provides a common trade repository and valuation engine for front, risk, collateral and accounting to fulfill multiple regulatory requirements. On top of these implementation challenges which focus on the daily calculation and processing of IM calls, back-testing and benchmarking requires dedicated attention as part of the model validation exercise. Break silos. It provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. 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,. 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). 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, To analyze figures, credit risk officers take advantage of in-memory aggregation technology. 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). Gain a holistic view across the banking and trading books. 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 is a global fintech leader in trading, risk management, and processing solutions for capital markets. XVA P&L can be fully broken down by various effects such as time decay, instrument type (e.g., forex, interest rates or spreads movements), trade and market operation effects. 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 gives a consolidated view of exposures across entities with incremental intraday variation computed in batch or in real-time. It interacts with third-party deal capture systems. Build Accurate Rate Curves in an Inflationary Context. see more Enterprise risk management Build an overall strategy for regulatory compliance and internal risk management. 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. Sensitivity generation requires the ability to project and compute sensitivities across various predefined risk factors (rates, credit, fx, equity and commodities). Select a preferred infrastructure option. Murex Consultant/Developer Encore Theme Mount Laurel, NJ Estimated $91.9K - $116K a year It offers a wide integration capability that enables a smooth fit within existing IT landscapes. 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. It facilitates the optimization of HQLA buffers and compliance checking. 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. Monitor exposure in real time and pre-deal. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real-time. 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. 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. 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. MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. Multiple relational database management systems (RDBMS) choices are available between Microsoft SQL Server, SAP ASE or Oracle. Murex is a leading global software provider of trading, risk management, processing operations, and post-trade solutions for capital markets. The power of the cloud transformation, DevOps enablers, cloud, continuous testing, and! 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