Independent Partner and Advisor for Financial Operations
Institutional Services Desk
Langallerie 11, CH-1003 Lausanne, Tel: +41 21 343 53 63, Fax: +41 21 343 55 50
Internet: www.tradition.ch, E-mail: instit@tradition.ch, Bloomberg: TRAS <GO>
Compagnie Financière Tradition Group
www.traditiongroup.com
The largest broker in
Switzerland and third largest in
the world
*
Solid, transparent financial figures
Listed on the Swiss stock exchange
*
Worldwide, well established
market presence
*
Four holding units covering the
most important market segments
Viel & Cie - Paris
Public
70,42%
2,5%
27,13%
Compagnie Financière Tradition SA – Lausanne
98,79%
TFS -Lausanne
100%
TSH -Lausanne
Brokerage
Brokerage
Currency options
equity derivatives
metals
energy
paper
human resources
capital risk
day trading
money markets
IRS
Credit derivatives
Emerging countries
Stocks
Bonds
Interest rate and
equity futures
Stockholm, London
Frankfurt, Stamford
New York, Houston
Sydney, Tokyo
Hong Kong, SIngapore
Moscow, London
Luxemburg, Paris
Lausanne, Milano
New York, Los Angeles
Buenos Aires, Tokyo
Peking,Hong Kong
SIngapore
100%
TRADITION SA
Lausanne
99,87%
*
Detailed knowledge of the
money and capital markets
TFS = Tradition Financial Services
TSH = Tradition Service Holding
TSAF SA
Paris
Compagnie Financière Tradition Group
www.traditiongroup.com
We are institutional brokers and
negotiate with top rated banks,
financial institutions, multinational
companies and public institutions
Banks
(Universal banks, Cantonal banks)
Multinational Companies
*
Our added values:
-Optimization of your results
- Global brokerage services
-Centralization of counterparts
- The best quotations from “Market Makers”
-Personal and neutral advisory
*
Discovery of markets discrepancies
and through that improved results
Public corporations
(Cantons, Cities, Counties)
Insurance companies, Pension Funds,
investment capital
TRADITION SA
Institutional Services Desk
Institutional Services Desk
www.tradition.ch
Products and Services
ADVISORY
Our Institutional Services desk is analyzing and discussing the potential needs of our clients. We offer our advisory in areas in
which we are one of the main market players. The areas covered are:
Financing & Credit Markets
 Refinancing & Investments through Private Placements
 Project Financings
 Loan against acknowledgement of dept (Schuldschein)
 Structured Credits
Investment
 Private Placements
 Loan against acknowledgement of dept (Schuldschein)
 Structured Products
 Short and Mid Term Deposit
 Bonds
Financial Risk Management
 Portfolio Simulation
 Multi-Instrument Analysis and Presentation
 Risk Hedging through OTC Derivatives & Structured Products
 Strategic Advisory
Institutional Services Desk
www.tradition.ch
Products and Services
ADVISORY
Financing & Credit Markets
Governmental Institutions and Corporations that do seek financing possibilities via the Swiss and European capital markets for various reasons like refinancings,
investments or project financings can benefit from our professional advisory. We engineer flexible project financing operations that help companies to optimize
their financing structure.
We can offer tailor-made solutions that optimize financial risks through structured credits, OTC Derivatives like Swaps, Swaptions, Caps, Floors etc. and
structured products.
Our main advantage in this kind of business is that we are acting as a financial intermediate which enables us to be fully independent and to seek for the best
available counterparty in the market. Further we are fully organizing those deals (introducing, negotiations, elaboration of legal aspects and execution) and are
acting as a lead manger.
Investment
We offer Banks, Insurance companies, Pension funds and Private Banks new investment possibilities in the area of Private Placements, Structured Products,
Short Term Deposit and Bonds.
Financial Risk Management
In mean time we help Corporations to elaborate alternatives to cover their assets and liabilities against future interest rate risks or fluctuations in the money
market. Due to our dense and wide network we are able to find the best tailor made solutions existing in the markets. Our solutions can reach from using tailor
made OTC Derivatives or creating contractual agreements that do cover investments from those kinds of potential risks.
Institutional Services Desk
www.tradition.ch
Products and Services
FINANCIAL PRODUCTS
Financing
Refinancing & Investments Capital through Private Placements
Project Financings
Loan against acknowledgement of debt (Schuldschein)
Structured Credits
Investment
Private Placements
Loan against acknowledgement of debt (Schuldschein)
Structured Products
Short and Mid Term Deposit
Bonds
Financial Risk Management
Structured Products
OTC Derivatives/ Interest Rate Options:
Forwards
Arbitraging Exchange Rate Swaps and Eurorates
Forward Rate Agreement (FRA)
Interest Rate Swaps (IRS) or Currency Swaps (CRS)
Basis Swaps
Options on Interest Rate Swaps (Swaptions)
Caps and Floors
Institutional Services Desk
www.tradition.ch
Your Advantages
Transparent
Short and mid term development of interest rate
tendencies
Considerately lower commissions than banks
Market analysis
No additional fees
Articles on the economy and money
Let us find the best conditions for you
Directly from our trading floor
The latest information on interest rates
Time and energy saving
Quick responses
Updated continuously
Updated interest rates and financial news
www.tradition.ch
Calculation tools and risk analysis
Large and varied contact net
Quick reaction thanks to extensive client net
Structured financing
Optimal solutions
Detailed knowledge of the financial markets
Better results
Competent, personal and neutral advisory
Profitable deals
According to your needs
Institutional Services Desk
www.tradition.ch
Login Services
Complete financial
information
*
Java programmes to
efficiently and accurately
price derivatives and to
estimate and analyze
corresponding risks
*
Analysis and Charts
Analysis of the tendencies on financial
markets
Discussions on economic issues and
technical analysis
*
Login Services
Institutional Services Desk
www.tradition.ch
Login Services
MARKET NEWS AND MARKET ANALYSIS & RESEARCH
Daily Morning Market Update
“The Tendance”
Weekly Capital - Markets News
and Forecasts
“CHF Info”
Quarterly Market
Analysis Bulletin
“The Market Focus”
Weekly Fixed Income
“The Market Focus”
Institutional Services Desk
www.tradition.ch
Login Services
MARKET QUOTES & ECONOMIC DATA
LIBOR
Charts and Data download
Long Term Interest Rates (IRS)
ISDA Benchmarks, Gov. Bonds
und Spreads
“Real-Time”
Institutional Services Desk
www.tradition.ch
Login Services
CALCULATORS
Forward Rates, Project yield
curves for any future date based
on the implied spot rates in
today’s curve
www.tradition.ch/calculateurs/forward_rates.asp
Settlement Date
Current Interest Rate
(IRS-Ask)
www.tradition.ch/calculateurs/yield_spread.asp
Yield Curves
(Deposit and IRS)
Yield spreads between
currencies
Interest rate for future value dates
Yield Curves for an
organized presentation of
interest rate scenarios
Institutional Services Desk
www.tradition.ch
Login Services
CALCULATORS
Forward Rate History
Graphical illustration of historical Forward Rates.
1. Select a period on the graph.
2. Click on the History button.
www.tradition.ch/calculateurs/forward_rates.asp
www.tradition.ch/calculateurs/forward_rates.asp
Forward Rate History
Evolution of Forward Rates since March 2004 on the
10 years Interest Rate Swap
Institutional Services Desk
www.tradition.ch
Login Services
CALCULATORS
www.tradition.ch/calculateurs/bond.asp
www.tradition.ch/calculateurs/swap_valuation.asp
Option calculator calculates
the theoretical price and
numerous risk parameters of
a call/put
www.tradition.ch/calculateurs/swap_valuation.asp
Sensitivity Factors
Bond calculator calculates
the price and risk parameters
Swap-Calculator calculates
the theoretical and actual
price in addition to risk
parameters for an existing
IRS
Fill in your Values
Institutional Services Desk
www.tradition.ch
Login Services
CALCULATORS
www.tradition.ch/calculateurs/instant.asp
IRS calculator for broken dates
Calculate an IRS price, value Spot, until the desired
maturity (by interpolation). It mentioned also the spread and
the price of Government Bond for the same period.
Mention the desired Maturity.
SPREADS calculator
Calculate the price of a Spread between
two currencies and for two different periods.
YIELD calculator
Calculate Yields according to
various usances.
Institutional Services Desk
www.tradition.ch
Bloomberg Page
BLOOMBERG - RATES
TRAS <GO>
Reference page for IRS and
Cash rates in Euro, USD and
CHF
Own page for Private
Placements with current
Prices and other information
Institutional Services Desk
www.tradition.ch
Bloomberg Page
BLOOMBERG – PRIVATE PLACEMENTS
TRAS <GO>
Own page for Private
Placements with current
Prices and other information
Institutional Services Desk
www.tradition.ch
Private Placements
THE BONDS ALTERNATIVE
A Private Placement is a common loan agreement with a Security Number and Valuation. The counterparty has at least a A
rating at a rating agency.
The transaction can be based on a refund put option. The daily ISDA Swap rate will be used as the basis for the calculation of
the interest rate difference in case of an annulation (reassignment)
Lower cost than by issuing bonds (All in)
No interest rate risk thanks to reassignment clause
Liquidity is ensured if the NPP is called; new offers at any time
Save time, energy and money
No stamp taxes or bank commissions
Strict transaction and counterpart confidentiality
Tradition SA
Institutional Services
Daniel Blanchet – Manager
Stéphane Weill – Sous-Directeur
Christian Twerenbold – M.A. HSG
______________________________________________________________________
Rue Langallerie 11, CH-1003 Lausanne, Tel: +41 21 343 53 63, Fax: +41 21 343 55 50
Internet: www.tradition.ch, E-mail: instit@tradition.ch, Bloomberg: TRAS <GO>