murex collateral management

- Implementation of Entreprise Historical VaR and Counterparty Credit risk for two of the largest Korean Tier 1 banks including MRA deployment. 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 enables compliance with Accounting Standards Committee topic 820 and the International Financial Reporting Standards (IFRS) 13. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real-time. MX.3 offers pricing, trade capture and trade life cycle management in a versatile catalog of traditional and structured treasury products. 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). We see most challenges arising from the first and last piece of the process. Nowadays, they are very simple, very easy to use with most if not all functions your repo desk will need. Monitor exposure in real time and pre-deal. 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. The solution provides access to denormalized data via its powerful business intelligence tool or through APIs and batch extractions to downstream systems. The complexity of these risks leads to ever-more-intensive computational needs, which require enterprise risk management software. It covers a wide range of analytical exposures, including pre-settlement, lending, issuer, country and concentration risks. The aim is long-term value creation. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Build Accurate Rate Curves in an Inflationary Context. DFA, Volcker Rule .) It facilitates proper risk management, transparency and governance. The bank already had Murex for their Money Market, FX, Equities and Rates business lines but not for collateral,. It automates and controls the banks value chain. 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. 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. 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 IM solution supports schedule-based and ISDA SIMM methodologies and covers cross-jurisdiction legal specifics. Connect with key tri-party agents to get collateral allocated. Central management enables consistent and efficient monitoring of intraday limit usage. Q: Are firms looking at initial margin as a post-trade down-stream process, or is it influencing trading decisions? Comply with evolving global and local regulations and standards. 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, ). Exceptions are handled manually from a dashboard with a birds eye view. It interacts with third-party deal capture systems. #murex #riskmathics #latam #fintech #traditionalbanking . LEARN HOW BANKDATA LEVERAGES MX.3 TO TRANSITION TO RISK-FREE RATES UNDER IBOR REFORM, AS WELL AS FRTB AND SA-CCR, FOR EIGHT DANISH BANKS. MX.3 can be deployed on-premises or on the cloud. 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. The last piece of the process, margin call processing, has similarities with the variation margin process, but it comes with some specificities: in particular, once firms have agreed with their counterparties on the amounts of initial margin and additional collateral, they are then generally relying on tri-party agents to fulfil their collateral requirements. . MX.3 centralizes the processing and reporting of trades, positions, margin calls and settlements across all instrument types, trading sources and settlement routes. Improve efficiency and cost-effectiveness. Murex is a long-term partner as it supports firms on their journey toward compliance and beyond to optimize processes and best practices. 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. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. 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. This is complemented by a real-time limit and exposure monitoring solution. Project Tasks included: Functional Lead - Data Migration For Agreement Static Data: - Mapping of ALGO (previous collateral management system) fields to Murex fields - Building upload file for migration of agreement static data MX.3 maximizes STP, decreases operational risk, and enhances operational control. Portfolio manager Risk Manager Trader Compliance officer Back-office analyst CTO Stephen Jones Head of Group Finance and BSM IT Momentum Metropolitan 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. 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. "This data should be synchronised with positions, market data and settlement events from multiple sources and legal entities, solving the fundamental collateral management challenge of timely data aggregation. Murex has today announced extended reconciliation functionality in its MX.3 collateral management offering, Murex Collateral Manager. 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 a great tool for collateral management or for triparty repos where you can import the actual position at the end of the day. It supports cash and security pools, pool and trade-level margining and triparty profiles. Corporate and retail activities can be integrated in MX.3. cross-currency swaps). More. This. 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. For example, firms might want to put in place some risk control procedures and limits to closely monitor how far they are from the initial margin threshold. With MX.3, the product control department can manage entity and group consolidated official P&L and P&L attribution cross-asset, across the trading and banking books. The platform empowers leading teams to streamline standard and bespoke processes across all product types in a 24/7 trading world. Bank treasuries face enormous challenges as they cope with evolving standards and regulations. 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. 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. Clients can opt for a fully managed SaaS approach on a private or public cloud. Mizuho Optimizes XVA Desk through MX.3 Extension. 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. Learn more about how to achieve internal and external business process digitalization. A centralized, robust and automated framework, MX.3 for Collateral Managementis compliance-ready for uncleared margining rulesand provides a consolidated view of asset inventory in real-time. MX.3 includes an XVA management solution. The enterprise risk management solution builds on the MX.3 platform. 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. 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. The solution also supports the computation and transfer of funding valuation adjustment (FVA) for derivatives transactions. The solution includes full access rights management and audit procedures. P&L attribution can be done cross-asset with segregation of different explanation reasons, such as time, market data and life cycle changes. Murex helps capital markets firms achieve new growth paths and connects them to all participants. MX.3 is a scalable, multi-entity platform. All rights reserved 4 5. 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. 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. Banks implement either standardized or internal models for market and credit risk to reduce capital costs (e.g., FRTB-IMA, SA-CVA, etc.). IM computation, by aggregating these sensitivities, using risk weights and correlations. Murex has more than 57,000 daily users in over 60 countries. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Dedicated alliance managers define relevant strategies with system integrators, connectivity partners, technology partners and industry associations across all regions. It is based on qualitative interviews with over 30 market participants conducted in the second and third quarters of 2020. Head of Operations Head of finance Head Product Control Head of collateral Back-office analyst Data specialist Pamela Hacker Dedicated alliance managers define relevant strategies with system integrators, connectivity partners, technology partners and associations... Helps capital markets firms achieve new growth paths and connects them to all participants processes... Looking at initial margin as a post-trade down-stream process, or is it trading! 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