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Bancolombia Completes Go-live on MX.3 for Hedge Accounting Solution
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Bancolombia Completes Go-live on MX.3 for Hedge Accounting Solution
Murex is proud to announce Bancolombia is live with MX.3 for Hedge Accounting. IFRS 9 requires banks to assess expected credit losses on loans and receivables, including trade receivables, replacing the previous model based solely on incurred losses by measuring interest rate risks for banking book (IRRBB). To meet these requirements and make optimal use of its infrastructure, the bank extended its leverage of the Murex MX.3 platform on AWS thro…
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