MX.3 for Enterprise Collateral Management
Pushing the collateral frontier
EMIR, Dodd-Frank, SFTR and Basel/IOSCO have redefined the very nature of collateral management and securities finance. Risk calculations are now embedded in collateral processes while collateral traffic has increased immensely. Pressure to find high-quality collateral in the face of liquidity scarcity is forcing firms to optimize collateral inventory consumption at the enterprise level and to rely more on security collateral.
The result is a move toward more integrated processes, with institutions requiring root-and-branch remodeling of trading and operations, and deep reengineering of obsolete infrastructure.
Collateral factory
MX.3 centralizes collateral processing across entities and business lines for bilateral or cleared OTC, repo or securities lending, and exchange-traded derivatives products. This includes the calculation of CCP margins and bilateral BCBS/IOSCO WGMR margin rules, as well as firms’ own risk methodologies.
Our exception-based workflow manager enables intra-day margining and high STP across the collateral chain, including connectivity with key market infrastructure.
Smarter collateral inventory management
MX.3 features an enterprise inventory manager for cash, security and physical commodity positions. It is synchronized in real-time with positions, market data and settlement events from multiple sources, solving the fundamental challenge of timely data aggregation.
The enterprise inventory management enables global visibility and resource sharing, as well as the development of strategies involving collateral allocation and funding optimization, asset lending transformation and internal cost allocation.
Securities lending and repo trading off the enterprise inventory is also supported thus completing the circle.
If you wish to learn more, please read our flyers, MX.3 for Collateral Management and MX.3 for Securities Finance and watch our product video.
Functional Coverage
Cross Product
OTC Bilateral. Cleared. Listed products. Securities Finance.
Real-time Inventory
Cash, securities, physical commodities. Settlement aware. Multi source.
Optimization
Collateral allocation optimization engine. Flexible optimization strategies.
Trading & Transformation
Equities. Bonds. Commodities. Complex instruments. Repo. Security lending borrowing. Synthetic financing.
Cost Allocation
Post-trade allocation. FTP. FVA.
Global Operations
Margin management. Reconciliation. Dispute. Substitution.
Risk Control
Real time. Eligibility and concentration. Prospective and stressed margins. LCR optimization. PFE. CVA.
Initial Margin
Bilateral margining: both SIMM™ calculation including sensitivities generation & aggregation and schedule-based approaches.
Business & Operations Monitoring
Activity, performance and operational risk indicators for managers.
Insights
MX.3 Control Tower
How can you reinforce your control framework to minimize running costs and mitigate operation risks? Find out how MX.3 Control Tower turns data into meaningful indicators that enable you to steer and monitor business activities.View the videoFRTB Special Report 2019
Following the publication of the final standard in January, there is now greater clarity surrounding FRTB and banks are deciding on their compliance approach. For an update on the latest trends, read the full report.Read moreSFTR Implementation Strategies
What's your plan for SFTR? If you need to comply with new financial reporting requirements, listen to securities finance experts from Murex and UnaVista as they discuss the key challenges and the core priorities on the road to SFTR compliance today.Listen nowCapital Markets Transformation- If You’re Not Scared, You’re Not Doing Enough
What does it take to thrive in today's capital markets? Watch our video featuring representatives from AWS, ANZ and Murex to discover how IT transformation could be good for your business.Watch the videoMX.3 Control Tower
In a changing market, it is important to make informed decisions quickly. MX.3 Control Tower provides managers with a clear view of activities, performance and operational risk, allowing them to take advantage of new opportunities.Read moreMX.3 Post-Trade Capabilities
Murex provides flexible and open solutions for treasury, collateral, operations and finance, giving you the technology you need to improve decision-making, comply with regulation and optimize asset usage. Watch our video to find out how MX.3 can work for your business.Watch the videoMurex Cloud Solutions
Murex cloud and SaaS solutions combine the full power of a leading technology platform with the expertise and infrastructure to manage it. Tailored to your specific needs, it allows you to focus on your core business, take advantage of the latest innovations and be prepared for the future capital markets.Read moreManaging Data Through Complexity: Business Evolution in the Machine Age
In a guest post in Finandium's Securities Finance Monitor, Sabine Farhat, Head of Securities Finance Product Management at Murex, examines how financial institutions must increase focus on data management to be most effective in a machine age.Read moreA Modern Approach to Support New Challenges
In the Summer 2018 edition of Microsoft Perspectives, Stella Clarke, Murex CMO, looks at how capital markets players can benefit from an enterprise platform approach address new challenges and harness new opportunities in the risk and regtech space.Read moreNationwide
Find out how Nationwide, the world's largest building society, partnered with Murex to implement an integrated treasury system that optimizes liquidity management, provides risk monitoring and enhances hedge accounting and operational risk management.Read more
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