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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 the MX.3 for Bilateral Initial Margin solution, covering both the SIMM™ and Schedule-Based approaches, please download the flyer. 

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The information collected is processed for the sole use of Murex SAS in ad hoc communications and is therefore subject to dispensation no. 7 of the Commission National Informatique et Libertés (or 'CNIL', the French data protection authority). Pursuant to French Act No. 78-17 of 6 January 1978 as amended in 2004 (the French Data Protection Act), you have the right to access and rectify your personal information or data and the right to object to the processing of such data by contacting mkg@murex.com.