Presentation

The principal aim of this business line is to give support to the other business lines of the Group, but it is also partly run as a profit center in its own right.

Treasury and Financial Markets (TFM) provides short-term money market products and long-term funding for the Group, supporting the growth of the Group’s balance sheet.

Through permanent innovation, TFM teams also develop the offer of a large range of capital market products (fixed income, structured products based on interest rates and equity derivatives, foreign exchange, securitization) to customers of the commercial business lines (local authorities, corporate customers, retail and private clients, institutional investors, central banks, fund managers etc.).

TFM also runs a securitization business, both on the American and the European markets. Lastly, TFM manages a bond portfolio (Credit Spread Portfolio), which contributes to ensuring a high level of liquidity for the Group and generates the biggest part of the income of the business line.