MX.3 for Bilateral Initial Margin
Achieve regulatory compliance while embedding IM in your trading and risk decisions
The Basel & IOSCO committees’ final text on margin requirements for non-centrally cleared derivatives, BCBS 317, mandates the posting of Initial Margin between bilateral OTC counterparties. With a 4-year phase-in period through to 2020, the largest banks started exchanging Initial Margin in September 2016.
Complete out-of-the-box solution
MX.3 provides a comprehensive pre-packaged solution for Bilateral Initial Margin for easy and timely deployment. Uniquely, MX.3 can generate the risk sensitivities for all non-cleared OTC derivatives, which can be combined with externally-fed risk sensitivities for some asset classes, if required. These are mapped to the appropriate SIMM™ buckets for eligible trades and products, as per the collateral agreement data. MX.3 calculates SIMM™ and generates CRIF files, which can be shared with third parties via the Acadiasoft connector and/or directly generate IM margin calls within MX.3.
Smooth regulatory approval pathway
MX.3 for Bilateral Initial Margin eases the regulatory approval pathway with comprehensive support for back-testing Initial Margin calculations.
If you wish to learn more about our Bilateral Initial Margin solution, please download the flyer here.
Functional Coverage
Risk Sensitivities
Packaged cross-asset risk sensitivities for all vanilla and exotic non-cleared OTC derivatives.
Regulatory Compliance
BCBS 317 compliant. Margin call processing for VM and IM calls. Schedule-based and SIMM™ calculation methods.
Enterprise-wide Solution
Option to aggregate additional risk sensitivities from 3rd party systems. Enterprise data repository.
Fully Integrated
IM-specific flows in Collateral Management processes. Embed Initial Margin calculations in intra-day trading & risk decisions.
Packaged Integration
CRIF file generation. Acadiasoft™ Exposure Manager for IM connector. Crowd-sourced bucket assignments.
Official SIMM™ Vendor
Murex is an officially licensed ISDA SIMM™ vendor.
Insights
FRTB 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 moreTurning the FRTB Internal Model Approach into a competitive advantage
Are 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 nowMurex: Sell-side Category Winner in the Chartis RiskTech100 2019
What are the top priorities for financial institutions and how is Murex enabling clients to thrive in an evolving market? Murex's Normand Tanguay, Head of Risk for Murex Americas shares his insights on these key questions and more.Watch the videoMitigating Regulatory Challenges
In the fast-evolving capital markets, banks face several challenges, including the need to centralize data and keep pace with changing regulations. However, there are also exciting opportunities. Watch this video to learn more.View 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 videoA 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 moreUnderstanding Bilateral Initial Margin & MVA
As the implementation of new margin rules for non-cleared derivatives continues, the funding implications of Initial Margin through MVA is getting much focus. To learn more, watch our PRMIA webinar recording.Listen nowThe Future of xVA Management
With xVA impacting all departments of the bank, there is growing demand for solutions that enable the creation of a centralized desk for xVA management, providing each department with actionable information in real-time. To find out how MX.3 for xVA Management can help your business, watch our video.Watch the video
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