Case Study: Mitsubishi UFJ Financial Group achieves streamlined Basel III CVA reporting with FINCAD F3

Mitsubishi UFJ Financial Group (MUFG) Simplifies Basel III Reporting Complexity Using FINCAD F3

Mitsubishi UFJ Financial Group engaged FINCAD to address Basel III reporting requirements after MUFG Bank (Europe) N.V. determined it could not produce accurate credit valuation adjustment (CVA) reports internally. The bank needed a trusted provider that offered both the right technology and a full-service outsourcing option, and selected FINCAD’s F3 CVA service to calculate CVA for its traded counterparties.

FINCAD implemented its F3 valuation and risk solution, computing CVA on a near–real-time basis aligned with regulatory standards and delivering end-to-end reporting via FINCAD’s Professional Services team. The service covered interest rate, basis and cross-currency swaps plus roughly 2,200 FX forwards across 55 counterparties, with quarterly market-data submissions converted into regulatory CVA reports—eliminating manual/Excel processes, ensuring Basel III compliance, and freeing MUFG resources for strategic work.

Mitsubishi UFJ Financial Group

Ronald Hart

Associate Director