MX.3 simplifies post-trade with all products, from high-volume FX cash to complex over-the-counter derivatives, managed on a robust, single platform.įinanceteams operate in a complex world of multiple currencies, across multiple legal entities with multiple accounting schemas. Simultaneously, achieving cost savings and control of operational risks is a conundrum. Operationsteams are continuously adapting to changing regulations and market infrastructure evolution while supporting ever-growing transaction volumes across financial products. The platform empowers leading teams to streamline standard and bespoke processes across all product types in a 24/7 trading world. MX.3 centralizes the processing and reporting of trades, positions, margin calls and settlements across all instrument types, trading sources and settlement routes. Automated End of day processing with controls to run earlier.MX.3 drives operational excellence across three interrelated business functions: operations, finance and collateral management.Detailed and best market practice journal entry generation and reporting plugin.Automated MTM report generation and transmission plugin.Comprehensive Investigation management and reporting.Simpler draft collections, draft image upload, clearing, and FX conversion process.Simple and powerful Nostro Reconciliation process and reporting.Automated SWIFT confirmation with automated and manual matching.Workflow-driven PDF confirmation generation and transmission process, with a client interface to confirm, or upload signed confirmation.Integrated BIC directory, IBAN validation, and international bank identifier validation.Country specific payment requirement configuration and enforcing the required fields for payments.

Integrated and automated OFAC/Compliance screening, score based auto approval, false positive approval, BSA approval and audit tracking process.SWIFT plugin to instruct correspondent banks to confirm the trade, process payment, receive incoming wires, receive trade confirmations and receive nostro statements.Simplified plugin to integrate with bank’s DDA system to check balance in real-time, memo post, override posting error, and finally hard post.

Fx collateral management