High profile counterparty failures have highlighted the need for accurate valuation and robust management of credit risk. At the same time, Basel III has significantly raised levels of capital that must be held against credit default risk and CVA volatility.
MX.3 delivers timely measurement and consolidation of credit exposures across business lines. Effective risk mitigation strategies can be implemented via hedging, netting or collateral, and of course via pre-deal limits control. The use of capital and funding resources is improved across the organization through upfront pricing of xVA costs, selection of cost effective execution options and optimization of collateral inventories.
Real-time and accurate monitoring of credit risk
MX.3 delivers a comprehensive range of risk measures across all asset classes, without data or modeling approximations. PFE, EPE, CVA and Basel III IMM rely on a high performance American Monte Carlo simulation offering pre-deal limits check and prospective profitability analysis. Other analytical or hybrid methods are also supported. Credit risk is also monitored across trading and banking books, via a large range of supplementary metrics, covering issuer or loan equivalent exposures as well as credit facilities usage.
Timely and global consolidation of credit exposures
MX.3 solves the problem of fragmented infrastructures and processes by implementing sophisticated risk measures, limits management and credit approval workflows within a single solution connected to multiple trading sources.
Real-Time Risk Measures
Pre-Settlement. Settlement. Issuer. RWA. Expected/Unexpected loss. Concentration measures.
Monte Carlo Engine
Real-time PFE & CVA. Full revaluation. Netting & collateral mitigation. Portfolio diversification.
Basel III Compliance
RWA. CVA charge. Large exposures. Wrong Way Risk. Stress Tests. Collateral modeling. IMM. CEM. SM. SA-CCR.
Credit Review process. Global Limits management. FO systems pre-deal check. Excess management.
Online exposures consolidation. Interactive dashboards. Live alerts. Drill-down to trade or scenario.
Credit Data Management
Enterprise credit data repository. Extensible data model. Ratings & curves management. Data validation.
Flexible Limits & Metrics
User defined metrics. Formula parser. Extensible limits structures. Add-on tables Generator. Extensibility API.
Turning the FRTB Internal Model Approach into a competitive advantageAre you adopting the IMA or SA? Listen to this webinar to gain insights from KPMG, Murex, National Bank of Canada and Standard Chartered Bank on what you need to conider when choosing your approach to FRTB compliance.Listen now
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Murex Cloud SolutionsMurex 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 more
A Modern Approach to Support New ChallengesIn 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 more
xVA Special Report 2018In collaboration with risk.net, Murex has released a new xVA special report for 2018. Taking a look at the future of xVA in capital markets, this expert analysis contains an insightful discussion with Marwan Tabet, Head of Risk at Murex.Read more
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