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. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Back-testing / Benchmarking: as part of this validation process, firms need to provide back-testing results for portfolios in scope, i.e. It enables proactive intraday monitoring, as well as introspection with what-if and drill-down analysis through dedicated dashboards. Because all cash transactions are transferred into a single account at Eurex Clearing, segregation is achieved on the clearing house level using the record-keeping of Eurex . The bank already had Murex for their Money Market, FX, Equities and Rates business lines but not for collateral,. Achieve regulatory compliance. Murex Explores How Digital Assets, DLT Might Reshape Digital Landscape, Sibos 2022: Rabobank, Accenture and Murex Discuss Platform Transformation, LIBOR Transition Preparing for the Final Year, Nationwide Outlines Critical Factors in Selecting Murex as Treasury Vendor. Finance teams operate in a complex world of multiple currencies, across multiple legal entities with multiple accounting schemas. More than 100 clients worldwide use Murexs treasury solution. Banco Galicia Collateral Management jul. It proposes solutions for both the standardized approach, FRTB-SA, and the internal model approach, FRTB-IMA. Participated in the Implementation of Murex Collateral Management System. 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. Alternatively, it can be provided via the triparty collateral management systems CmaX (CBL). 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. Murex helps capital markets players scale and amplify MX.3 platform benefits with the power of the cloud. Murex helps capital markets firms achieve new growth paths and connects them to all participants. Infrastructure provisioning linked to intraday corrections is optimized because of a surgical recomputation based on what is impacted by changes. Validation workflows that include the four-eyes principle can be applied to all changes made on reference data and limits. Download our MX.3 for Enterprise Risk Management brochure. Cross-asset platform MX.3 business processes cover all asset classes and functions for treasury, trading and investment activities. MX.3 empowers institutions with a single repository for trades, orders, positions and reference data, based on a few core foundations: MX.3 features a multi-source, multi-entity, connected global repository supporting our clients current and future operating models; it seamlessly supports back-to-back trades, risk allocation, and inter-entity structures. 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). This. Facing a quickly evolving regulatory environment, MX.3 enables clients to stay ahead, across various processes: Collateral management, with uncleared margin rules, Transaction Regulatory Reporting, with the coming major rules review (e.g., EMIR refit, CFTC rewrite). Corporate and retail activities can be integrated in MX.3. Empower the buy side to manage positions, cash and securities inventories, and risk across asset classes in real-time with MX.3. Limits can be temporarily increased, or the limit line can be reallocated across business units and desks. This report examines top innovative trends in collateral management adopted by central banks, institutions managing banking books and trading books, and the buy-side. To analyze figures, credit risk officers take advantage of in-memory aggregation technology. 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. 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. Extend the usage of securities as collateral. 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. 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. 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. Strong professional with a BE degree focused in Information Technology from K.J. Similarly, they need to provide benchmarking results, comparing SIMM to another model (e.g. The solution also supports the computation and transfer of funding valuation adjustment (FVA) for derivatives transactions. It is exception-based. 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 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. MX.3 functional coverage meets them. Murex supports diverse financial services clients, from banking and asset management to commodities and energy. The XVA solution provides deal-per-deal attribution for credit valuation adjustment and funding valuation adjustment to the accounting solution. 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. Banks implement either standardized or internal models for market and credit risk to reduce capital costs (e.g., FRTB-IMA, SA-CVA, etc.). Q: Are firms looking at initial margin as a post-trade down-stream process, or is it influencing trading decisions? MX.3 is tailored to manage asset class specifics, from securities settlement for securities finance to cash payment for the high-volume FX business, harnessing CLS services, from automated eligibility, submission and matching to settlement. This flexible solution enables Murex clients to benefit from continuously improved functionalities without having to upgrade their own MX.3 solution. 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. MUREX optimizes and integrates trading, risk management and settlement into a package that . 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. Murex helps capital markets firms achieve new growth paths and connects them to all participants. 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). #fintech #technology #DigitalBanking. The XVA solution is a front-to-finance-to-risk charge solution that supports both standardized approach CVA (SA-CVA) and basic approach CVA (BA-CVA). 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. 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. MX.3 enables institutions to achieve these objectives from trade booking to affirmation / confirmation, down to settlement and position management. The system relies on its generic workflow framework handling, transactions, settlements, static data and more: It is real time to minimize processing time. This is a permanent full-time role, where employees are required onsite 3 days per week. 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. Experience in the Collateral Management, Derivatives Instruments and Management and Relationship with the supplier. The Murex treasury solution is recognized for its real-time capabilities for data, as well as pre- and post-deal limit checks. The solution supports local and specific conventions across markets worldwide, including Islamic finance and Latin America particulars, among others. ), netting agreements. 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. The full job description is as follows: Location: Jersey City, NJ. MX.3 enjoys the widest instrument coverage in the industry, from flow to complex products. This rollout of PFE was made possible thanks to our partnership with Murex and its upgrade as a service. It provides accurate credit risk measures (e.g., issuer lending, notional, pre-settlement, settlement)across all asset classes. Development/Support in Murex Collateral Management. MX.3 functional coverage meets them. 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. 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. It offers a wide integration capability that enables a smooth fit within existing IT landscapes. Learn more about how to achieve internal and external business process digitalization. The solution provides access to denormalized data via its powerful business intelligence tool or through APIs and batch extractions to downstream systems. Our clients have diverse requirements. The solution offers a centralized inventory of all securities that come from fixed income and equity cash business lines, securities lending and borrowing, repo collateral and securities held or pledged as collateral assets. Our future-ready solutions include system transformation, DevOps enablers, cloud, continuous testing, upgrades and managed services. We have helped our clients overcome these challenges. With automated and integrated business processes, including trade management, document management, risk calculation, reporting and sub-ledger functionality, this solution helps reduce operational risk by providing: Smart designation of hedges by traders and product control with pre-defined strategies, Specific events (e.g., de-designation, rebalancing, refresh) with a full audit trail, Retrospective and prospective effectiveness measurements using various qualitative and quantitative methods, Dashboard to monitor effectiveness and P&L impacts of designated hedges, Automatic generation of documentation with hedge characteristics, A process for bucketing macro-hedge relationship flows and optimization of asset and liability usage, Prepackaged and customizable hedge accounting schemas, dedicated reporting tools and live screen reporting. "Legacy systems cannot adapt fast enough to . 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. Facilitate bank liquidity risk analysis, control and reporting. . Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. Fully managed by Murex, the solution leverages a shared and elastic infrastructure. MX.3 offers a multi-GAAP, multi-entity and multi-currency accounting ledger for trades and positions across derivatives and cash instruments. This new version has been in effect since the end of 2017. $136,000 to $150,000 Yearly. It facilitates the optimization of HQLA buffers and compliance checking. Many MX.3 ERM solutions come with prepackaged regulatory content to accelerate project implementations. Murex 3 View on IT architecture In-house Package FIER Market Risk Data Warehouse triResolve Portfolio Reconciliation Intellimatch Reconciliation . AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment . Development of Collateral Management related work (including some MxML/Exchange Workflows). I took part in the regulatory (eg. Select a preferred infrastructure option. [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. Murex invested early in regulatory risk solutions, and has been following evolutions with clients ever since, often offering updated packages for legacy installations to meet overlapping and shifting regulatory deadlines. The solution features an automated framework for collateral processing that covers margining, allocation, dispute, substitution, cash and securities settlement, and accounting. 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. Our awards highlight a strong level of customer satisfaction and acknowledge our market expertise. 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, Sibos 2022: Rabobank, Accenture and Murex Discuss Platform Transformation, Nationwide Outlines Critical Factors in Selecting Murex as Treasury Vendor, Murexs Philippe Helou Discusses IBSi Sales League Table 2022 Win, ICBC Standard Bank Details Main Benefits of Using MX.3 for Commodities Trading, ICBC Standard Bank COO Reveals Deciding Factors in Selecting Murex as Partner, Rabobank Chief Digital Officer Details the Transformation Journey with MX.3, IBSI FinTech Journal August 2021 - The Big Interview. Murex is a global fintech leader in trading, risk management and processing solutions for capital markets. Nos vemos en CDMX entre el 7-9 Marzo!. Across all our clients, we are seeing collateral data reinforced as being key across various departments: not only from a VM and IM calculation and processing perspective, but also for pricing, trading and risk management. Alex Rojas Full Stack Developer - Javascript (ES6), MongoDB . 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. The custodian is then automatically notified through SWIFT. Build Accurate Rate Curves in an Inflationary Context. 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. 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. 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. Murex is a leading global software provider of trading, risk management, processing operations, and post-trade solutions for capital markets. Centralize collateral management enterprise-wide. The solution enables bank-wide monitoring of nostro balances in real time. It supports historical value at risk (VAR), expected shortfall, stress testing and profit and loss explanations, all of which can be computed both with full revaluation as well as Taylor-based calculations. Murex Recent Developments. MX.3 offers pricing, trade capture and trade life cycle management in a versatile catalog of traditional and structured treasury products. Close the gap between front office, risk, operations and finance with MX.3 advanced analytics and leading product coverage. 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. It interacts with third-party deal capture systems. Exceptions are handled manually from a dashboard with a birds eye view. MX.3 for Enterprise Risk Management is a cloud-ready solution that enables risk managers to stay one step ahead on risk control and to achieve regulatory compliance. FRTB-SA can be implemented on top of SIMM at an optimized cost. Murex helps capital markets firms achieve new growth paths and connects them to all participants. MX.3 offers a genuine end-to-end trade life cycle management with a high-performing straight-trough processing (STP) framework. 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. Not a specific collateral management activity but key for an efficient collateral management process Each party has its own version of a transaction in its system (sometimes even Nowadays, they are very simple, very easy to use with most if not all functions your repo desk will need. Project in Murex SAS Paris, in Client Services Department Stream Lead of Enterprise Risk Management - Support to client requests on risk modules: Market Risk, Credit Risk, Risk Control and. Murex is a global fintech leader in trading, risk management and processing solutions for capital markets. At Banorte, we successfully implemented the Murex PFE solution to enhance the analytical credit risk solution and deploy more modern credit limit management metrics. Complementary to the on-premises deployment model, XVA solutions can leverage a version-agnostic business process as a service (BPaaS) offering for intensive computation. It recognizes that collateral management has become very intertwined with many business functions within financial institutions. 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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