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.
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.
OTC Bilateral. Cleared. Listed products. Securities Finance.
Cash, securities, physical commodities. Settlement aware. Multi source.
Collateral allocation optimization engine. Flexible optimization strategies.
Trading & Transformation
Equities. Bonds. Commodities. Complex instruments. Repo. Security lending borrowing. Synthetic financing.
Post-trade allocation. FTP. FVA.
Margin management. Reconciliation. Dispute. Substitution.
Real time. Eligibility and concentration. Prospective and stressed margins. LCR optimization. PFE. CVA.
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FRTB Special Report 2019Following 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 more
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