MORS is pleased to unveil its latest major release, MORS 7.20. Please read on for the highlights of this release.
TECHNICAL IMPROVEMENTS
Enhanced Performance
Version 7.20 introduces several radical performance improvements. Calculation times of IRR scenarios, Liquidity scenarios and Deal Report details has been radically reduced, often by 50-80%. Similar improvements are included in the Start-of-Day task and in Dataset Subscription export to a SQL server table.
New multi-threading (parallel) processing can be applied to deal cashflow recalculations, potentially leading to 50%-80% shorter processing times. The commonly used CSV Deal Import (MITC) also supports multi-threading, leading to similar performance effects.
FUNCTIONAL IMPROVEMENTS
Improved support for ABS/RMBS instruments
We have significantly improved support for Asset Backed and Residential Mortgage Backed Securities. The import of amortisation factors can now be performed from Bloomberg’s Data License and the support for accounting entries has also been improved.
New Payments Engine
The new Payment Engine in MORS 7.20 streamlines the creation and management of payments on deals, with the ability to export these payments for further processing. The Payment Engine also facilitates the management of payment netting agreements for selected product combinations and supports the rollover of money market deposit deals. It calculates and provides detailed outcomes of payment nettings, along with comprehensive information on every payment created within MORS.
4-Eye Principle and Workflow Support for Static Data Changes
MORS 7.20 introduces the 4-Eye Principle for counterparties and instruments, enhancing data integrity by requiring verification before use. This feature ensures that counterparties and instruments are only usable once they have been “four-eye verified,” adding an extra layer of security and control. This enhancement ensures stricter control over static data changes in both ALM and TMS environments. The 4-eye support also covers Payments.
New Trade Venues integration
MORS 7.20 includes trade venue integration for Bloomberg BLOT /VCON and for London Stock Exchange FX All. These API developments ensure greater Straight Through Processing for Treasury deals.
Integration with Collaborative Messaging Platforms
MORS 7.20 introduces integration with Collaborative Messaging Platforms, like Teams, Slack, and Google Chat, enabling seamless communication within your organisation. MORS can now automatically push messages into these tools based on specific events, ensuring timely updates and notifications. This communication flow ensures that critical information reaches the right teams without manual intervention, streamlining your workflow and enhancing collaboration.
IRRBB Template Support (EBA Compliance)
MORS 7.20 also includes full support for Interest Rate Risk in the Banking Book (IRRBB) templates, ensuring compliance with the latest European Banking Authority (EBA) regulations. This enhancement provides the tools necessary to accurately report and manage interest rate risks, helping you meet regulatory requirements with ease. The IRRBB templates are fully integrated into the MORS platform, streamlining the reporting process and ensuring that your institution remains aligned with EBA standards.
Pre-deal limit checks
A new framework has been developed for pre-deal limit checks for Treasury deals. This is to provide more robust workflow around limit checks and approvals.
General UI Improvements
Alongside other enhancements, MORS 7.20 introduces a series of general UI changes aimed at improving user experience and efficiency. These changes reflect our commitment to continuous improvement based on user feedback and evolving technology standards. Key updates include the ability to add Workspaces as shortcuts on the home tab, allowing for quicker and more convenient access.