Treasury

How it complements

Our Treasury areas offers asset allocation and a selection of underlying elements specific to the structure, such as volatility, correlation and financing.

This allows us to convert risk into accurate returns, include different levels of protection or leverage, turn trend direction in coupons and incorporate other markets, such as the currency or commodities markets.

How do we do this?

Treasury is a permanent member of the Markets Committee that prepares the “house vision”, providing a more tactical view, defining target levels in terms of currency and including structuring conditions (volatility, correlation, flows) into the analysis.

All monitored by in-house control systems.

Why do it now?

Optimising return

Leveraging divergences

Mitigating risks

Accessing other markets