MX.3 INNOVATION: Getting Ready for Basel III SA-CCR
Murex, the leading provider of Trading, Risk management and Processing solutions, announces a packaged solution for the Standard Approach for Counterparty Credit Risk (SA-CCR) under Basel III.
The solution is version-independent, and its rapid configuration-based implementation will help clients secure the 1 January 2017 deadline for the new rule and provide them with the flexibility to adapt to evolving regulatory requirements.
MX.3 SA-CCR solution delivers Exposure at Default (EAD), as outlined in BCBS 279.
It can be used in a number of regulatory reporting calculations, such as Risk Weighted Assets (RWAs) for counterparty credit risk, Credit Value Adjustment (CVA) capital, CCP risk charge or large exposures. The solution covers trading book positions across all derivatives, whether held in MX.3 or in external systems. The packaged implementation includes standard mapping facilities for complex products. In addition, clients benefit from Murex’s strong expertise to customize their exotic products.
The SA-CCR solution delivers the EAD calculations in real time, both in pre trade and post trade, including limits check. Real- time calculation allows risk officers to monitor the contribution of new trades to the overall SA-CCR number and enables traders to adjust their trading decisions. The solution provides drill down into to all parameters of the EAD calculation, giving full transparency. It also enables comparison with other calculation methods such as Current Exposure Method (CEM) and Internal Model Method (IMM).
Marwan Tabet, head of Murex Risk Product Division, comments: “Given the continuing stream and the breadth of change, a fragmented approach to regulations is neither cost-efficient nor sustainable. Our solutions are designed with a holistic approach enabling businesses to optimize risk and balance sheet resources while adapting to global and local regulations as they evolve.”
MX.3 for Capital Charges SA-CCR solution is part of the Murex Risk and Regulatory suite, a comprehensive framework allowing financial institutions to build an overall strategy for regulatory and internal risk management, leveraging synergies in calculation engines, data and technology.
Since its creation in 1986, Murex has played a key role in proposing effective technology as a catalyst for growth and innovation in capital markets, through the design and implementation of integrated trading, portfolio management, risk management, processing and post-trade platforms.
Driven by innovation, Murex’s MX.3 Front-to-Back-to-Risk platform leverages the firm’s collective experience and expertise, accumulated through its strategic client partnerships, to offer an unrivalled asset class coverage and best-of-breed business solutions at every step of the financial trade lifecycle.
Clients worldwide benefit from the MX.3 platform’s modular set of business solutions, specifically designed to solve the multi-faceted challenges of a transforming financial industry, while relying on the strength of 2,000 dedicated specialists.
Mireille Adebiyi, +33144053200
Murex Global Marketing Communications Manager
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Ved at skrive dig op her, vil du modtage pressemeddelelser på mail når de udsendes. Indtast din mail og følg instruktionerne. Det er ligeså let at melde sig fra igen.
Flere pressemeddelelser fra Business Wire
MA-ICP-GROUP22.9.2017 22:23 | pressemeddelelse
California Sports Surfaces Announces New Senior Leadership
CQN-SMITHS-DETECTION22.9.2017 18:04 | pressemeddelelse
CORRECTING and REPLACING Smiths Detection Wins Biggest Ever Single Order for Next-Generation Hold Baggage Scanner for Frankfurt Airport
MA-ICP-CONSTRUCTION22.9.2017 16:39 | pressemeddelelse
California Sports Surfaces’ Rebound Ace Portable Court to be Used at Inaugural Laver Cup
SMITHS-DETECTION22.9.2017 13:02 | pressemeddelelse
Smiths Detection is Supplying the Latest Technology for ECAC Standard 3 EDS Upgrade at Frankfurt Airport
VESPA-INTERACTIVE22.9.2017 13:02 | pressemeddelelse
Mobile RPG ‘King’s Raid’ Set to Launch in European Markets
IBC201722.9.2017 11:34 | pressemeddelelse
IBC2017 Reports Record Visitor Numbers in Its 50th Year
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum