The system relies on its generic workflow framework handling, transactions, settlements, static data and more: It is real time to minimize processing time. They can manage fair value and accrual P&L in one system, monitor the risk and execute economic or accounting hedges. Development/Support in Murex Collateral Management. Our clients have diverse requirements. Consistency is enforced by a shared reference data repository and a common calculation framework. A common data model allows the solutions to seamlessly interact with one another. 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. Select a preferred infrastructure option. 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. Mizuho Optimizes XVA Desk through MX.3 Extension. Manage market risk for trading and banking books in one system. Mizuho Optimizes XVA Desk through MX.3 Extension. 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 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. MX.3 offers strong analysis capabilities to risk officers. 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 delivers smart technology to capital markets. MX.3 offers a multi-GAAP, multi-entity and multi-currency accounting ledger for trades and positions across derivatives and cash instruments. Be flexible enough to cater for SIMM specifics on top of an existing usage (e.g. $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. 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 has today announced extended reconciliation functionality in its MX.3 collateral management offering, Murex Collateral Manager. Comply with evolving global and local regulations and standards. Security instruments: across both equities and bonds, with out-of-the-box connectivity to Bloomberg to collect ISIN data. 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). Risk control can monitor the SA-CCR in addition to the existing CEM framework in a single system. 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, Murex invested early in regulatory risk solutions, and has been following evolutions with clients ever since, often offering updated packages for legacy installations to meet overlapping and shifting regulatory deadlines. Firms need not only to implement these models, but also to go through a regulatory approval process across national regulators. This flexible solution enables Murex clients to benefit from continuously improved functionalities without having to upgrade their own MX.3 solution. risk management, collateral, operations, finance, investment management and treasury. 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. Overview. 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. Operations are no exception. In summary, before, repos in Murex meant you like making your life a challenge. Trade level CVA and FVA can be allocated to the proper unit of account. Aug 2013 - Jun 20162 years 11 months. 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. In each client jurisdiction, a local regulatory watch ensures those packages remain up-to-date with regulation changes. The MX.3 enterprise market risk solution provides a complete view of risks across the organization. Improve efficiency and cost-effectiveness. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Download the brochure: MX.3 for Operations and Finance. 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. 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. Rahba: First and foremost, firms need to be regulatory compliant by exchanging margins on a daily basis. The bank already had Murex for their Money Market, FX, Equities and Rates business lines but not for collateral,. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. 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. Each regulatory solution is a stepping stone to another. Central management enables consistent and efficient monitoring of intraday limit usage. Business dashboards summarize excess causes and resolution time and keep senior management informed. Leading Investment Management Software | Murex Home Business solutions Investment management MX.3 for Investment Management Our clients have diverse requirements. 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. Data mapping richness helps clients cut costs and effort required for extractions, mapping and reconciliations. 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. This allows for an accurate calculation of exposure-at-default (EAD) and a global optimization of the capital charge at the enterprise level. Nowadays, they are very simple, very easy to use with most if not all functions your repo desk will need. 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. Murex is a leading global software provider of trading, risk management, processing operations, and post-trade solutions for capital markets. DFA, Volcker Rule .) Operating from our 18 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 worldwide. More. Looking ahead, the model will need to be calibrated on a regular basis as part of the governance of SIMM. Seamlessly connect in batch and real time. This hybrid deployment model allows Murex clients to avoid costly hardware buys and answers regulatory constraints linked to sensitive data. 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. P&L attribution can be done cross-asset with segregation of different explanation reasons, such as time, market data and life cycle changes. Dedicated alliance managers define relevant strategies with system integrators, connectivity partners, technology partners and industry associations across all regions. 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. Banco Galicia Collateral Management jul. MX.3 functional coverage meets them. It is powered by a robust, high-volume infrastructure with a global real-time operating model. Murex is a global fintech leader in trading, risk management and processing solutions for capital markets. $136,000 to $150,000 Yearly. It offers a wide integration capability that enables a smooth fit within existing IT landscapes. The solution features an automated framework for collateral processing that covers margining, allocation, dispute, substitution, cash and securities settlement, and accounting. Comply with international and domestic GAAPs. Posted: February 28, 2023. 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. It is exception-based. MX.3 gives a consolidated view of exposures across entities with incremental intraday variation computed in batch or in real-time. 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. Development/Support in Murex Collateral Management. 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, ). Facilitate bank liquidity risk analysis, control and reporting. Learn more about how to achieve internal and external business process digitalization. ), netting agreements. MX.3 offers a fund transfer pricing (FTP) framework integrating the bank's activities to our capital markets solution. MX.3 achieves Fundamental Review of the Trading Book (FRTB) compliance. 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. The solution covers the range of exposures for market, credit, liquidity and operational risks across trading, banking and investment books. 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. FRTB-SA leverages over two decades of experience in sensitivity analyticsit brings accuracy and rich product coverage. 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. 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. Luxoft 4.5. WHAT WE DELIVERED: With the successful introduction of collateral management on Murex, the client achieved their goal of setting up a future-proof and cost-effective collateral management architecture and platform. ComDer Clearing House - Chile, Calypso project . Mizuho Optimizes XVA Desk through MX.3 Extension. Murex Collateral Workflow Resource. Murex helps capital markets firms achieve new growth paths and connects them to all participants. 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 specializes in all asset classes while managing collateral, margins, and OTC positions. The complexity of these risks leads to ever-more-intensive computational needs, which require enterprise risk management software. More than 100 clients worldwide use Murexs treasury solution. Many MX.3 ERM solutions come with prepackaged regulatory content to accelerate project implementations. Leverage innovation, scale and amplify with the power of the cloud. 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. Seize market opportunities. Development of Collateral Management related work (including some MxML/Exchange Workflows) Build new reports/extractions . Sibos 2022: Listen to Rabobank, Murex and Accenture as they provide perspectives on the opportunities of IT re-platforming. It supports cash and security pools, pool and trade-level margining and triparty profiles. MX.3 features a rich set of data-driven business objects to support smooth trade processing, static data set-up and to ease maintenance: Counterparties: core data as well as settlement instructions and confirmation instructions. 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. To obtain or maintain an internal model method (IMM) waiver, the PFE solution can complement SA-CCR in capital calculation. Posted 9:29:01 PM. 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. 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 minimizes the time infrastructure is used for recomputation and enables cost savings with a pay-as-you-go model. Control total cost of ownership. The XVA solution is a front-to-finance-to-risk charge solution that supports both standardized approach CVA (SA-CVA) and basic approach CVA (BA-CVA). All exposures can be checked against limits pre-trade and in real time to optimize decisions and reduce operational risk. Its powerful Monte Carlo engine simulates counterparty credit risk measures. MX.3 helps control capital costs. MX.3 is a scalable, multi-entity platform. It enables compliance with Accounting Standards Committee topic 820 and the International Financial Reporting Standards (IFRS) 13. Trade level CVA and FVA can be allocated to the proper unit of account. The solution supports historical value at risk (VAR), expected shortfall, stress testing and profit and loss explanations. Development/Support in Murex Collateral Management. It enables fast decision-making and reduces operational risk. This is a challenging task because of the variety of products that needs to be covered and validated, and it requires trading and risk platforms to: Represent and model key collateral data from the CSA agreements, such as scope of product and applicable jurisdictions. Alternately, P&L can be imported from other system sources, with the ability to correct and enrich the figures in MX.3 (e.g., adjustments, reserves) and recalculate on demand. 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. MX.3 is delivered with standard out-of-the-box processes, which can be customized to fit the target operational process of the institution. Q: Are firms looking at initial margin as a post-trade down-stream process, or is it influencing trading decisions? It provides critical pricing, desk management and accounting capabilities to hedge and optimize XVA costs. Operating from our 19 offices, 2400 Murexians from over 60 different nationalities ensure the development, implementation and support of our platform which is . 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. 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 is at the heart of the banks IT infrastructure, connecting seamlessly with existing systems (e.g., core banking, data warehouse, general ledger, etc.) The solutions support variations to the Basel standards and enable clients to adapt more quickly to regulatory changes with packages updates. It interacts with third-party deal capture systems. The solution covers credit valuation adjustment (CVA), debt valuation adjustment (DVA), funding valuation adjustment (FVA), initial margin valuation adjustment (MVA) and capital valuation adjustment (KVA). <br><br> SME in OTC Derivatives' - Credit, FX and Rates - related events and lifecycle management<br> Experienced . It automates and controls the banks value chain. 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. 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. Risk management team head for Murex Korea Ltd (Seoul Office) : - First worldwide end to end implementation of Murex new Enterprise Collateral Management solution at a Tier 1 Korean bank. It is a three-step process: Sensitivities generation, across various asset classes and products. More than ever, a bank must secure diversified funding sources, review pricing rules and implement tighter risk, liquidity and collateral controls. Close the gap between front office, risk, operations and finance with MX.3 advanced analytics and leading product coverage. ("Murex"), the leading provider of integrated trading, risk, collateral and processing solutions, and AcadiaSoft Inc ("AcadiaSoft") are p Refocus and expand business. 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. A similar approach has been taken for FRTB-SA, FRTB-IMA, initial margin, SA-CCR and CVA capital charge. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real-time. We are a top-tier Murex Alliance Partner and a market leader in implementation, integration, upgrade and migration. Mizuho Optimizes XVA Desk through MX.3 Extension. 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