Fixed Income, Currencies and Commodities

Our Primary markets business provides funding, capital, liability management and advisory solutions to corporates, sovereigns, supranationals and agencies (SSAs), and financial institutions via the bond and loan markets.

Our strengths and capabilities

• Global issuance platform
• Leading European franchise with global market access*
• Dedicated origination, syndicate, and solutions & structuring expertise
• Broad product range (investment grade, derivatives, high yield, securitised products)

Our broad onshore and offshore distribution network provides large flows and extensive liquidity access across credit derivative products. We are also a leading franchise for credit exotics/solutions*, with an exhaustive product offering.

Our strengths and capabilities

• Ranked #1 across a variety of flow products*
• Broad product range (bonds, derivatives, securitised products, loans)
• Market leading credit content (analysis and strategy)

Discover Smart Derivatives – our web-based platform that provides marketing, primary and secondary trading and post-trade information on structured products.

Asset Finance & Securitisation (AFS) provides client portfolio financing activities, securitisation structuring and distribution capabilities globally across a variety of asset classes.

Our strengths and capabilities

• Financing a wide range of asset classes across regions (including consumer loans, trade receivables, mortgages, equipment & auto loans and leases, middle market loans, project financing/infrastructure, and more)
• Covering a broad range of financial products (including collateralised loan obligations (CLOs), residential mortgage-backed securities/asset-backed securities (RMBS/ABS), acquisition financing, warehousing, synthetic risk transfer (SRTs), fund financing, asset backed revolvers and more) and multiple client types
• Covering multiple client types

We are a leading rates house in developed markets* and we aim to be a top 3 house across both developed and emerging market rates. Our pioneering options teams in both FX and interest rates provide tailor-made solutions to help clients navigate the macro landscape. We also have a global footprint in the commodities market with over 30 years of expertise.

Our strengths and capabilities

• A European leader* with a global reach
• Broad range of rates products across flow and structured solutions
• Reference house for FX options, hybrids and exotics
• Extensive commodity coverage (base and precious metals, agricultural, environment, energy)
• Pioneering digital capabilities – electronic swap auto pricing and award-winning commodity derivatives trading platform, Cortex CD

Discover Cortex CD

Our leading Fixed Income Repo Financing franchise* offers the full spectrum of flexible and comprehensive secured financing solutions for fixed income assets to support client’s trading and hedging needs.

Our strengths and capabilities

• Top ranked repo house in Europe and globally*
• Repo, securities lending, margin loans and total return swap capabilities
• Strong secured financing capabilities

Our Foreign Exchange and Local Markets business is designed to respond to the complex and constantly evolving market. Discover our truly global network boasting broad market access across both developed and emerging markets.

Our strengths and capabilities

• Market-leading derivatives and solutions platform* providing tailor-made solutions to institutional and corporate clients
• A global leader in FX across 100+ currency pairs and derivatives products including spot, forwards, options and swaps*
• Active and dynamic approach to macro content delivery for both developed and emerging markets
• On the ground presence in over 30 countries worldwide
• Award winning FX execution platform, Cortex FX, and industry leading FX algo execution services, Cortex iX*

Discover Cortex FX | Discover Cortex iX |Discover ALiX