Murex Completes MX.3 Implementation for Collateral Management and SIMM at Mediobanca

Murex, the provider of trading, risk, and processing solutions for capital markets, has successfully implemented its MX.3 platform for collateral management and Standard Initial Margin Model (SIMM) at Mediobanca. The Milan-based bank aimed to enhance operational efficiency, streamline processes, and optimise capital usage through this go-live. The implementation integrates Mediobanca’s front-to-back operations, including accounting and payments, onto a single system.

The expanded collateral management scope now covers OTC, cleared and listed derivatives, repos, and securities, while the SIMM solution offers real-time connectivity for processing variation margins and advanced back-testing. The successful collaboration between Murex and Mediobanca has resulted in a more integrated IT architecture and improved reporting capabilities, supporting the bank’s strategic objectives.