The enhancement now supports Trade-level reconciliation, enabling an agreed exposure value to be fixed with the counterparty for each matched trade between MX.3 and an imported counterparty excel file, which rolls up to a pool total for calculating an agreed margin requirement.
This enhances the existing Murex Collateral Manager reconciliation features, which include both scheduled and ad hoc auto-trade matching, proposed matches where trades only partially match, a dynamic filter for manually matching remaining unmatched trades, match storing for subsequent retrieval on future dates and daily reconciliation reports.
Murex Collateral Manager is a complete enterprise-grade solution for collateral management based on the MX.3 framework. Leveraging the MX.3 Limits, Exchange and Revaluation engines, it comprises an integrated set of end-user screens and tools that enable efficient and controlled operation of the collateral management functions across derivatives, repos and securities lending businesses.
