Integrate front-to-back-to-risk offices. We have detailed how complex such a project is. They can manage fair value and accrual P&L in one system, monitor the risk and execute economic or accounting hedges. Extend the usage of securities as collateral. MX.3 addresses the requirements of modern treasuries. Mizuho Optimizes XVA Desk through MX.3 Extension. It facilitates proper risk management, transparency and governance. $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. 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. Our clients have diverse requirements. Central management enables consistent and efficient monitoring of intraday limit usage. "Legacy systems cannot adapt fast enough to . Responsibilities. Optimize profitability and risk management of your lending activity, manage your liabilities funding cost and trading cost of funds. MX.3 is a scalable, multi-entity platform. Build an overall strategy for regulatory compliance and internal risk management. The solutions support variations to the Basel standards and enable clients to adapt more quickly to regulatory changes with packages updates. Positions are natively represented to serve different business processes. MX.3 can be deployed on-premises or on the cloud. Clients can opt for a fully managed SaaS approach on a private or public cloud. Some of the built-in ledger functions include FX management, which balances calculations with the ability to book balance adjustments, as well as accounting periods management and automated feed to the general ledger. Extend the usage of securities as collateral. MX.3 provides enterprise solutions that allow banks to control market, credit, and liquidity risk for internal and regulatory compliance. Overview. These include potential future exposure (PFE) and expected exposure (EE). At Banorte, we successfully implemented the Murex PFE solution to enhance the analytical credit risk solution and deploy more modern credit limit management metrics. Achieve operational excellence with a single cross-asset platform that streamlines standard and bespoke processes. Download the brochure: MX.3 for Bank Treasury, Head of Operations and Strategic Development, Nationwide Building Society, treasury division. Portfolio manager Risk Manager Trader Compliance officer Back-office analyst CTO Stephen Jones Head of Group Finance and BSM IT Momentum Metropolitan Monitor exposure in real time and pre-deal. 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. The solutions powerful workflow framework for trade, settlement and confirmation processes produces extremely high level of automation along the entire value chain. Regulations have had a dramatic impact across all business processes within capital markets. P&L and P&L attribution can be validated altogether, with trader sign-off and official reference P&L crystalized and published to trading, risk and for sub-ledger reconciliation. 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. All rights reserved 4 5. 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. These include limit suspension, trade hedging or blocking contracts breaching limits. 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. 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. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. The MX.3 enterprise market risk solution provides a complete view of risks across the organization. So it should not be underestimated. It eases standard-compliance checks and solution validation by regulators. Firms will need to be able to comply with these basic SIMM calculation models, and methodology reviews, and maintain these calculation calibrations on a yearly basis. 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. FRTB-SA can be implemented on top of SIMM at an optimized cost. 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. MX.3 is our award-winning open platform that sits at the heart of our clients' IT infrastructure. Provide capabilities to output various types of sensitivities delta, vega, curvature. Murex helps capital markets firms achieve new growth paths and connects them to all participants. The solution provides access to denormalized data via its powerful business intelligence tool or through APIs and batch extractions to downstream systems. 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. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Murex provides enterprise-wide, cross-asset financial technology solutions. DFA, Volcker Rule .) Initial margin costs can also be used pre-trade to feed a trading decision, for example to optimize counterparty choice. 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. The Murex treasury solution is recognized for its real-time capabilities for data, as well as pre- and post-deal limit checks. Mizuho Optimizes XVA Desk through MX.3 Extension. Powerful KPI reporting for operational risk control and regulatory indicators is provided, as well as statistics on time-to-match, time-to-clear. 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. Infrastructure provisioning linked to intraday corrections is optimized because of a surgical recomputation based on what is impacted by changes. Murex supports diverse financial services clients, from banking and asset management to commodities and energy. 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. Murex, l'un des plus grands diteurs de logiciels franais, dveloppe depuis 1986 la plateforme de rfrence pour les marchs de capitaux. P&L attribution can be done cross-asset with segregation of different explanation reasons, such as time, market data and life cycle changes. 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. It is powered by a robust, high-volume infrastructure with a global real-time operating model. Nowadays, they are very simple, very easy to use with most if not all functions your repo desk will need. For SA-CCR, accuracy of figures reduces the risk-weighted assets (RWA). 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-based ISDA SIMM methodology supports the full model governance toolkit, including exercise A back testing and exercise B benchmarking. High-throughput integration capabilities for trade execution and positions are supported. MX.3 is delivered with standard out-of-the-box processes, which can be customized to fit the target operational process of the institution. [2] Operational efficiency can be maximized with bilateral and cleared relationships seamlessly managed within one system. Our Murex services include system transformation, DevOps enablers, cloud, continuous testing, upgrade and managed services. Holiday calendars: with connectivity to market utilities such as Swaps Monitor. Facilitate bank liquidity risk analysis, control and reporting. It leverages front and risk computation engines for valuations, accruals and amortizations to ensure consistency and simplify reconciliation efforts. The solution enables bank-wide monitoring of nostro balances in real time. It has been an impressive journey with Murex as they continued to invest in all parts of their MX.3 platform, not just the front-office piece for which we originally used them. The latest iteration of Murex's platform - MX.3 - provides advanced financial services that provide optimal strategies and power an institution's acceleration. To analyze figures, credit risk officers take advantage of in-memory aggregation technology. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. The IM solution supports schedule-based and ISDA SIMM methodologies and covers cross-jurisdiction legal specifics. Murex helps capital markets firms achieve new growth paths and connects them to all participants. They can manage fair value and accrual P&L in one system, monitor the interest rate gap and execute economic or accounting hedges. 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 high-performance simulated PFE calculation engine gives end users access to an accurate real-time intraday exposure. The prepackaged solutions give flexibility, enabling clients to adapt based on their own interpretation of a regulation. 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. Multiple relational database management systems (RDBMS) choices are available between Microsoft SQL Server, SAP ASE or Oracle. Murex Collateral Workflow Resource. 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. IM computation, by aggregating these sensitivities, using risk weights and correlations. Market conditions demand prioritized bank focus on treasury departments. Classify these sensitivities, according to the SIMM rules, possibly relying on an external utility providing such classification services. 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,. 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. All exposures can be checked against limits pre-trade and in real time to optimize decisions and reduce operational risk. Comply with international and domestic GAAPs. Risk managers play a key role in securing the performance of their organization. The SA-CCR solution includes necessary documents to reduce documentation efforts for clients. Luxoft 4.5. MX.3s fully integrating platform model enables streamlined collaboration across all departments. 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, This agile foundation brings together a specialized set of business process to deliver regulatory. Murex is a global fintech leader in trading, risk management and processing solutions for capital markets. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. 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, ). It specializes in all asset classes while managing collateral, margins, and OTC positions. Financial institutions have entered a digital race. 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. 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 runs each process in a fully automated manner, such as routing or exception checks based on a set of predefined rules. MUREX S.A.S. Our client, a leading global bank, is searching for a Collateral Management Associate. Simultaneously, achieving cost savings and control of operational risks is a conundrum. MX.3 achieves Fundamental Review of the Trading Book (FRTB) compliance. 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. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. Key Responsibilities Inspect system generated collateral calls for accuracy prior to making margin calls. Banco Galicia Collateral Management jul. Banks implement either standardized or internal models for market and credit risk to reduce capital costs (e.g., FRTB-IMA, SA-CVA, etc.). 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. Some clients are also looking at extending valuation adjustment capabilities to incorporate funding effects related to IM, in the Margin Valuation Adjustment (MVA). 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. Development of Collateral Management related work (including some MxML/Exchange Workflows) Build new reports/extractions . 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