Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. It provides a common trade repository and valuation engine for front, risk, collateral and accounting to fulfill multiple regulatory requirements. Murex helps capital markets firms achieve new growth paths and connects them to all participants. We have detailed how complex such a project is. 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. 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. Clients can opt for a fully managed SaaS approach on a private or public cloud. These include potential future exposure (PFE) and expected exposure (EE). The prepackaged solutions give flexibility, enabling clients to adapt based on their own interpretation of a regulation. Multiple relational database management systems (RDBMS) choices are available between Microsoft SQL Server, SAP ASE or Oracle. The solution provides a complete view of the risks taken by the organization. Bank treasuries face enormous challenges as they cope with evolving standards and regulations. The enterprise risk management solution builds on the MX.3 platform. Alternatively, it can be provided via the triparty collateral management systems CmaX (CBL). 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. MX.3 empowers funding and issuance desks to run their short- and long-term funding activities. 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. This flexible solution enables Murex clients to benefit from continuously improved functionalities without having to upgrade their own MX.3 solution. "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. Transactions are processed directly after booking. Participated in the Implementation of Murex Collateral Management System. The solution-based ISDA SIMM methodology supports the full model governance toolkit, including exercise A back testing and exercise B benchmarking. Rahba: First and foremost, firms need to be regulatory compliant by exchanging margins on a daily basis. Risk officers enjoy strong analysis capabilities and have full autonomy in calculation process correction. The solution supports local and specific conventions across markets worldwide, including Islamic finance and Latin America particulars, among others. Cross-asset platform MX.3 business processes cover all asset classes and functions for treasury, trading and investment activities. and the wider capital markets ecosystem. While the VM process is mostly a cash-based bilateral process, IM is security-based, and involves a third-party. Murex helps capital markets players scale and amplify MX.3 platform benefits with the power of the cloud. 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. MX.3 centralizes the processing and reporting of trades, positions, margin calls and settlements across all instrument types, trading sources and settlement routes. Remote. 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. MX.3 functional coverage meets them. 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. Trade level CVA and FVA can be allocated to the proper unit of account. #murex #riskmathics #latam #fintech #traditionalbanking . Development of Collateral Management related work (including some MxML/Exchange Workflows). More than 100 clients worldwide use Murexs treasury solution. 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). Operating collateral management in a centralized manner across bilateral and cleared OTC, listed derivatives, repo trading and securities lending reduces operating costs and makes it easier to optimize collateral inventory use. So it should not be underestimated. It eases standard-compliance checks and solution validation by regulators. MX.3 features a leading limits and exposure monitoring solution across multiple source systems in real -time. Our client, a leading global bank, is searching for a Collateral Management Associate. The IM solution supports schedule-based and ISDA SIMM methodologies and covers cross-jurisdiction legal specifics. It is an integrating platform to optimize liquidity management, precisely measure risk and control operational cost. It enables treasury management for subsidiaries, special purpose vehicle (SPV) and branches either in a centralized or a decentralized model. It enables proactive intraday monitoring, as well as introspection with what-if and drill-down analysis through dedicated dashboards. All rights reserved 4 5. 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. The solution features an automated framework for collateral processing that covers margining, allocation, dispute, substitution, cash and securities settlement, and accounting. MX.3 offers a multi-GAAP, multi-entity and multi-currency accounting ledger for trades and positions across derivatives and cash instruments. It leverages a pay-as-you-go model and infrastructure elasticity. This is complemented by a real-time limit and exposure monitoring solution. Central management enables consistent and efficient monitoring of intraday limit usage. 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. 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. They can manage fair value and accrual P&L in one system, monitor the interest rate gap and execute economic or accounting hedges. 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. Address stringent regulatory requirements with integrated real-time liquidity, analytics, position and risk management. see more Enterprise risk management Build an overall strategy for regulatory compliance and internal risk management. Optimize High-quality liquid asset (HQLA) buffers and unlock investment opportunities. Development/Support in Murex Collateral Management. 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? MX.3 offers an end-to-end enterprise-wide solution used by more than 120 customers across all tiers to meet regulatory requirements. Right after an execution is done, the process is automated with platforms such as DTCC CTM and Markitwire or the SWIFT matching solution. Second, it provides control,with tools to monitor and act on exceptions along with a cradle-to-grave audit trail. 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. [1] Murex was founded in 1986 in Paris by Laurent Nel and Salim Edde, who were soon followed by Salim's three brothers and his brother-in-law. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Risk managers play a key role in securing the performance of their organization. It interacts with third-party deal capture systems. 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. Banco de Crdito e Inversiones - Chile, Calypso project ene. Break silos. Funding desks can perform further analysis by drilling down to the currency, security or trade-level information. Back-testing / Benchmarking: as part of this validation process, firms need to provide back-testing results for portfolios in scope, i.e. 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. The risk controller benefits from real-time position insights with the ability to take effective actions immediately. 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. This is a permanent full-time role, where employees are required onsite 3 days per week. It facilitates the transfer of funds between accounts through manual or automatic procedures. Because of its global client community, Murex can support new clients in all regions with experienced consultants and guide them through the challenging process of regulatory rules interpretation and validation on any jurisdictions. Overview. MX.3 has helped numerous financial institutions across the globe to be compliant on time, while unleashing new business opportunities. and business. MX.3 interfaces with market and reference data providers, multi- and single-dealer platforms, affirmation and clearing, repo management, collateral, settlement and transaction regulatory reporting. Limits can be temporarily increased, or the limit line can be reallocated across business units and desks. ), netting agreements. MX.3 offers a fund transfer pricing (FTP) framework integrating the bank's activities to our capital markets solution. MX.3 streamlines the full hedge accounting process end-to-end, be it micro-hedge or macro-hedge, with a broad coverage of hedge types (e.g., fair value hedge, cash flow hedge, net investment in foreign currency hedge). Murex Recent Developments. 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. MX.3 provides enterprise solutions that allow banks to control market, credit, and liquidity risk for internal and regulatory compliance. All exposures can be checked against limits pre-trade and in real time to optimize decisions and reduce operational risk. Have handson work experience of Java, Spring, ORacle and Sybase db. The solution provides access to denormalized data via its powerful business intelligence tool or through APIs and batch extractions to downstream systems. Used by more than 250 institutions across the globe, the MX.3 settlement solution manages the complete life cycle of settlements, from automated release to settlement status reconciliation. 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. 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. MX.3 supports improved STP rates by enabling connectivity to key market utilities such as Acadiasoft Margin Manager and Initial Margin Exposure Manager (IMEM). Portfolio manager Risk Manager Trader Compliance officer Back-office analyst CTO Stephen Jones Head of Group Finance and BSM IT Momentum Metropolitan Firms need not only to implement these models, but also to go through a regulatory approval process across national regulators. Strong professional with a BE degree focused in Information Technology from K.J. Of course, there are variations with readiness and the degree of work required to get up to speed with margin rules and SIMM 2.0 depending on the size and shape of the firm itself. Development of Collateral Management related work (including some MxML/Exchange Workflows). The Test engineer applies the Murex test processes to ensure that a client instance meets its LinkedIn. Such a project covers the following dimensions: legal negotiation, model validation and implementation, back-testing and collateral operations: Legal negotiation: firms need to sign new legal documents, IM CSAs, that will govern the mandatory exchange of initial margin. simulate SIMM on past data to gauge its accuracy and effectiveness. Experience in the Collateral Management, Derivatives Instruments and Management and Relationship with the supplier. Trade level CVA and FVA can be allocated to the proper unit of account. Murex helps capital markets firms achieve new growth paths and connects them to all participants. From an implementation perspective, market risk capabilities (P&L, Value at Risk) need to be leveraged to pass the validation step, and monitoring procedures need to be established. 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. 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. Simm methodology supports the full model governance toolkit, including exercise a back testing exercise. Simm methodology supports the full model governance toolkit, including Islamic finance and Latin America particulars, others. To control market, credit, and involves a third-party through APIs and batch extractions to systems! Platform benefits with the supplier to optimize decisions and reduce operational risk real-time. Be provided via the triparty Collateral management related work ( including some MxML/Exchange Workflows ) the performance of organization. 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