Rates and Credit

Our rates' activity  provide a full set of services to support our Financial Institutions and Corporate clients’ investment or risk management.

Corporate - rates 

Our risk management team helps client identify and hedge their risks while our investment specialists help them make the most out of their excess cash.

Risk Management

• Design and implement interest rate hedging strategies that help mitigate and alleviate financial risks
• Protect against the risks linked to currency fluctuations
   

Global Liquidity Investment Solutions

• Full offering of investment solutions to invest excess liquidity
• Advice on the best opportunities, according to the client’s objectives of capital preservation and return, and keeping in mind the needs and regulatory requirements of corporate clients
   

Structured finance hedging

•  Active in structured financings, project bonds and related hedging on a number of assets like infrastructure, renewable, power, oil & gas, leverage finance, asset finance
• With 15 years of experience in structured finance hedging, our team is able to Customize solutions for every financing operation including contingent hedging
   

Market risk advisory

•  We design specific and innovative risk solutions according to the client’s profile and constraints, with a streamlined approach

 Financial Institutions
 

 Credit – linking borrowers to investors from origination to distribution:

• Service clients on the full credit spectrum
  • Investment Grade
  • High yield bonds
  • Derivatives with CDS, options
  • Total Return Swap
  • swaps, Indices
  • CLN, tranches
  • structured solutions with innovative payoff in financials and Corporates sectors.

Interest rates – access to cash and derivatives:

• Government & covered bonds – primary dealer in 24 countries with 1,000 covered bonds quoted:
  • Inflation
  • Interest rates Vanilla
  • Cross-Currency Swap
  • Exotic products.
  • ETF, TRS, EMTN
  • Emerging bonds & derivatives
     

Secured funding

• For Financing and Asset & Liability Management (ALM) through collateral security to mitigate credit risk, we deliver a global end-to-end service with:
  • Codeis smart cash note
  • Bilateral or tri-party repurchase agreement (repo)
  • Secured deposit

• To increase Investment Yield or purchase directly leveraged investments with:
  • Collateral downgrade
  • Triparty repo structure
  • Total return swap
  • Cross currency repo
  • Unsecured securities lending
     

Electronic trading – helping clients to execute in cash and derivatives:

• Access to a wide range of instruments, technology and liquidity across markets in Interest Rates, Credit through single and multi-dealer platforms such as Trad-X, TP SwapDeal, i-Swap Bloomberg, Tradeweb, B2Scan Neptune, SEF Trading.
• Strong expertise based on cutting edge technology and Algo trading