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). Achieve operational excellence with a single cross-asset platform that streamlines standard and bespoke processes. Andy Haigh: Yes, specifically Murex's MX.3 Collateral Management module. It facilitates the optimization of HQLA buffers and enables compliance check. Improve efficiency and cost-effectiveness. Risk control can monitor the SA-CCR in addition to the existing CEM framework in a single system. To meet the growing demand for our First Derivative services, we are looking to hire a Murex Business Analyst in South Africa to work with our production support and development team. 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. Murex helps capital markets firms achieve new growth paths and connects them to all participants. It provides critical pricing, desk management and accounting capabilities to hedge and optimize XVA costs. 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. Rahba: Lets look at the end-to-end process of getting IM calls settled on a daily basis. Supported Traders, Risk Managers and Support teams on client-side to help them leverage on Murex functionalities to optimize operations and reduce time to market new financial products . 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 very flexible. This rollout of PFE was made possible thanks to our partnership with Murex and its upgrade as a service. Click here FormGroup-1 * First Name * Last Name * Job Title * Company * Email * Country FormGroup-3 Do You Have a Project? Murexs ownership of this process allowed Banorte to focus on our own complete internal operating overhaul for setting up a dedicated XVA desk. We are a top-tier Murex Alliance Partner and a market leader in implementation, integration, upgrade and migration. Smaller firms use our platform front-to-back, and need not only to generate CRIF-formatted sensitivities, but also rely on our capabilities to compute initial margin, and use our collateral operations to generate margin calls. For SA-CCR, accuracy of figures reduces the risk-weighted assets (RWA). Aujourd'hui, 2 500 experts de plus de 60 nationalits rpartis sur 19 bureaux travers le monde, rpondent aux problmatiques critiques de 57 000 utilisateurs aux quatre coins du globe. 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. Mizuho Optimizes XVA Desk through MX.3 Extension. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Regulations have had a dramatic impact across all business processes within capital markets. The solution provides access to denormalized data via its powerful business intelligence tool or through APIs and batch extractions to downstream systems. It enables treasury management for subsidiaries, special purpose vehicle (SPV) and branches either in a centralized or a decentralized model. 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. What are the New Trading Trends and Opportunities in 2023? It enables compliance with Accounting Standards Committee topic 820 and the International Financial Reporting Standards (IFRS) 13. Ensure financial resilience. MX.3 empowers funding and issuance desks to run their short- and long-term funding activities. 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. Build Accurate Rate Curves in an Inflationary Context. 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 MX.3 software handles all aspects of derivatives and cash management trading and processing for Banks, Buy Side, Clearing CCP's, Energies, and Corporates. To successfully compete, they must leverage technology and deliver new value to customers. Murex delivers smart technology to capital markets. Short-term funding desks have tools to book and manage deposits, commercial papers, certificate of deposits, repos, reverse repos and more. Murex, l'un des plus grands diteurs de logiciels franais, dveloppe depuis 1986 la plateforme de rfrence pour les marchs de capitaux. MX.3 helps control capital costs. MX.3 offers strong analysis capabilities to risk officers. Extend the usage of securities as collateral. 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. Q: Are firms looking at initial margin as a post-trade down-stream process, or is it influencing trading decisions? 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. This flexible solution enables Murex clients to benefit from continuously improved functionalities without having to upgrade their own MX.3 solution. Murex is a leading global software provider of trading, risk management, processing operations, and post-trade solutions for capital markets. Murex Specialist at iNovoTek Solutions United Kingdom. All rights reserved 4 5. 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. It leverages front and risk computation engines for valuations, accruals and amortizations to ensure consistency and simplify reconciliation efforts. cross-currency swaps). It supports cash and security pools, pool and trade-level margining and triparty profiles. AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment . The solution enables capital management via risk-weighted assets (RWA), including exposure-at-default either with a standard (e.g., SA-CCR) or internal model method (PFE with IMM waiver), CVA risk charge and central counterparty (CCP) capital charge calculation. It is powered by a robust, high-volume infrastructure with a global real-time operating model. de 2019 - feb. de 2020. Corporate and retail activities can be integrated in MX.3. Overview Our Software Murex and the Cloud What We Think Case Studies Overview The Test engineer applies the Murex test processes to ensure that a client instance meets its LinkedIn. A similar approach has been taken for FRTB-SA, FRTB-IMA, initial margin, SA-CCR and CVA capital charge. Skilled in Murex Collateral Management, Integration, MxML, BO, SWIFT, Confirmations and Notification. $136,000 to $150,000 Yearly. Risk managers play a key role in securing the performance of their organization. Murex supports diverse financial services clients, from banking and asset management to commodities and energy. Independent market data and models support an Independent Price Verification (IPV) framework. As an example, with SA-CCR, when collateral management is managed within the same MX.3 platform, the exposure-at-default (EAD) measure can be reduced in real-time while improving its accuracy and reliability. MUREX S.A.S. 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. MX.3 gives a consolidated view of exposures across entities with incremental intraday variation computed in batch or in real-time. These include limit suspension, trade hedging or blocking contracts breaching limits. Multiple relational database management systems (RDBMS) choices are available between Microsoft SQL Server, SAP ASE or Oracle. MX.3 for Collateral Management | Murex Home Insights MX.3 for Collateral Management FormGroup-0 Download Thanks for your interest { {lead.First Name}} Not you? Similarly, they need to provide benchmarking results, comparing SIMM to another model (e.g. Our future-ready solutions include system transformation, DevOps enablers, cloud, continuous testing, upgrades and managed services. MX.3 is delivered with standard out-of-the-box processes, which can be customized to fit the target operational process of the institution. MXCMS provides end to end solution for Collateral management which is being given by Murex and the leader in Capital market Trading Platform.IT provide a single collateral Platform across. Murex has over 2,500 team members across 19 locations who provide cutting-edge technology, superior customer service and unique product innovation. It offers real-time dashboards to monitor repricing gaps, rates and currency exposures (e.g., DV01 and OAS) for trading and banking book products. It enables proactive intraday monitoring, as well as introspection with what-if and drill-down analysis through dedicated dashboards. Gain a holistic view across the banking and trading books. Multiple payment methods (e.g., gross, net, CLS, DVP, FOP, PVP, pre-delivery) and channels (SWIFT, over account, RTGS), 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. 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