MX.3 for Hedge Accounting
Meet international accounting standards with a powerful end-to-end solution
As standardization continues to increase in the capital markets, banks need to better align their risk management and accounting strategies. This is particularly important for financial institutions that want to meet stringent international accounting standards, particularly IAS 39, IFRS 9, ASC 815 and ASU 2017-12. Although not a regulatory requirement, the income statement stability that comes with adhering to these standards is pushing capital markets players in a new direction.
Comprehensive solutions for micro- and macro-hedge accounting
MX.3 for Hedge Accounting is an end-to-end solution designed to streamline the full hedge accounting process. With automated, integrated business processes, including trade management, risk calculation engine, reporting and sub-ledger functionality, this solution helps you to reduce operational risk. Moreover, it increases transparency and visibility, giving end-users, managers and auditors a complete view of the full hedge accounting chain, from trade booking to financial statements. MX.3 for Hedge Accounting also provides retrospective and prospective effectiveness measures at the reporting and accounting level.
If you wish to learn more about our Hedge Accounting solution, please download the flyer here.
Functional Coverage
Hedge Designation
Broad coverage (fair value, cash flow and net investment), smart designation of hedges by traders and product control with pre-defined strategies.
Hedge Events
De-designation events on ineffective hedges. Rebalancing in line with IFRS 9 recommendations. Full audit trail.
Hedge Effectiveness
Retrospective and prospective effectiveness measurements using various qualitative and quantitative methods (for example, dollar offset, critical term match and linear regression).
Hedge Control and Documentation
Monitoring screens of designated hedges, automatic generation of documentation with hedge characteristics.
Optimization Process
Bucketing of flows for macro-hedge relationships and optimization of assets and liabilities usage.
Accounting and Reporting
Pre-packaged and customizable hedge accounting schemas. Dedicated reporting tools and live screen reporting.
Insights
FTF News Technology Innovation Awards 2020 - Video Interview
Stella Clarke, CMO at Murex, gives an online interview to FTF (Financial Technologies Forum) following Murex's Software Solution of the Year award success for the third consecutive year in 2020.Watch the videoCapital 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 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 videoNationwide
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 moreRebalancing the Cost-Benefit Ratio of Hedge Accounting
In this video, Mohamed Chaabane, Pre-Sales at Murex, discusses the alignment of various accounting standards, including IAS-39 & IFRS-9, and elaborates on how hedge accounting is being used to reduce the volatility in the income statement.Watch the videoSmart Technology for Capital Markets
From our comprehensive cross-asset, trading, risk, and post-trade solutions to our advanced technology platform and support services, Murex supports clients in their IT transformations.Read More
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