Users are prompted for manual review and action only if an exception check fails. MX.3 provides enterprise solutions that allow banks to control market, credit, and liquidity risk for internal and regulatory compliance. greater new york city area. MX.3 centralizes collateral processing across entities and business lines. The solution supports historical value at risk (VAR), expected shortfall, stress testing and profit and loss explanations. Bank treasuries face enormous challenges as they cope with evolving standards and regulations. 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. Overview. Knowledge of collateral management a big plus but not a must. 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. It provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. It facilitates the transfer of funds between accounts through manual or automatic procedures. Portfolio manager Risk Manager Trader Compliance officer Back-office analyst CTO Stephen Jones Head of Group Finance and BSM IT Momentum Metropolitan 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. The solution also supports the computation and transfer of funding valuation adjustment (FVA) for derivatives transactions. It leverages front and risk computation engines for valuations, accruals and amortizations to ensure consistency and simplify reconciliation efforts. 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. Larger firms, for whom initial margin requirements have been phased in since September 2016, tend to have a more decentralised risk infrastructure. It specializes in all asset classes while managing collateral, margins, and OTC positions. MX.3 offers an enterprise-wide solution for global credit risk management. Build Accurate Rate Curves in an Inflationary Context. What are the New Trading Trends and Opportunities in 2023? Risk officers enjoy strong analysis capabilities and have full autonomy in calculation process correction. Posted 9:29:01 PM. Murex is a global fintech leader in trading, risk management, and processing solutions for capital markets. The MX.3 enterprise market risk solution provides a complete view of risks across the organization. Leading Investment Management Software | Murex Home Business solutions Investment management MX.3 for Investment Management Our clients have diverse requirements. A cloud-friendly enterprise risk platform that covers cross-regulation requirements simplifies and speeds up compliance and reduces total cost. 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. It is exception-based. Back-testing / Benchmarking: as part of this validation process, firms need to provide back-testing results for portfolios in scope, i.e. Optimize High-quality liquid asset (HQLA) buffers and unlock investment opportunities. Beyond the automation capabilities enabled, which include margining, allocation, settlement and accounting, MX.3 is designed and uniquely positioned to provide integrated functions: optimize allocations according to cheapest to deliver, maintain enterprise inventory of securities, integrate with securities finance, refine XVA pricing and risk management and comply with regulations such as SFTR and SA-CCR. Murex helps capital markets firms achieve new growth paths and connects them to all participants. 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. Operating from our 19 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, across the world. 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. Independent market data and models support an Independent Price Verification (IPV) framework. risk management, collateral, operations, finance, investment management and treasury. 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 accuracy and reliability. The solution can be implemented all at once or incrementally at a staggered pace where and when it makes organizational sense. Control total cost of ownership. It provides critical pricing, desk management and accounting capabilities to hedge and optimize XVA costs. Murex helps capital markets firms achieve new growth paths and connects them to all participants. ), netting agreements. Murex, l'un des plus grands diteurs de logiciels franais, dveloppe depuis 1986 la plateforme de rfrence pour les marchs de capitaux. It recognizes that collateral management has become very intertwined with many business functions within financial institutions. The solution provides a complete view of the risks taken by the organization. "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 S.A.S. 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 automates and controls the banks value chain. Seize market opportunities. It is very flexible. Download the brochure: MX.3 for Bank Treasury, Head of Operations and Strategic Development, Nationwide Building Society, treasury division. Alternatively, it can be provided via the triparty collateral management systems CmaX (CBL). To serve large and complex computations, MX.3 provides a proprietary grid or can be integrated with the IBM Symphony grid, and supports both CPU and GPU engines. Short-term funding desks have tools to book and manage deposits, commercial papers, certificate of deposits, repos, reverse repos and more. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. Connect with key tri-party agents to get collateral allocated. MX.3 maximizes STP, decreases operational risk, and enhances operational control. Rahba: First and foremost, firms need to be regulatory compliant by exchanging margins on a daily basis. Murex 3 View on IT architecture In-house Package FIER Market Risk Data Warehouse triResolve Portfolio Reconciliation Intellimatch Reconciliation . MX.3 offers a genuine end-to-end trade life cycle management with a high-performing straight-trough processing (STP) framework. 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. Mizuho Optimizes XVA Desk through MX.3 Extension. 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 functional coverage meets them. Murex is a company that provides financial software for trading, treasury, risk, and post-trade operations for financial markets. simulate SIMM on past data to gauge its accuracy and effectiveness. AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment . Development/Support in Murex Collateral Management. These include limit suspension, trade hedging or blocking contracts breaching limits. The complexity of these risks leads to ever-more-intensive computational needs, which require enterprise risk management software. Development of Collateral Management related work (including some MxML/Exchange Workflows). The SA-CCR solution includes necessary documents to reduce documentation efforts for clients. Centralize collateral management enterprise-wide. A similar approach has been taken for FRTB-SA, FRTB-IMA, initial margin, SA-CCR and CVA capital charge. Achieve regulatory compliance. The platform empowers leading teams to streamline standard and bespoke processes across all product types in a 24/7 trading world. Data mapping richness helps clients cut costs and effort required for extractions, mapping and reconciliations. Be flexible enough to cater for SIMM specifics on top of an existing usage (e.g. Luxoft 4.5. MX.3 achieves Fundamental Review of the Trading Book (FRTB) compliance. Transactions are processed directly after booking. This allows for an accurate calculation of exposure-at-default (EAD) and a global optimization of the capital charge at the enterprise level. 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, ). 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. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real -time. 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. 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. It covers standard agreements such as CSA, CSD, SCSA, GMRA and GMSLA. Murex Consultant at Dutch Pension Group - MX3 Collateral Management Module Implementation Initial Workshops | Scoping | Analysis | Design | Build | Testing | Murex Agile Methodology Murex. The XVA solution provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. Head of Operations Head of finance Head Product Control Head of collateral Back-office analyst Data specialist Pamela Hacker It facilitates the optimization of HQLA buffers and compliance checking. Murex helps capital markets firms achieve new growth paths and connects them to all participants. 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. 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