The Portfolio Surgeon

Independent Financial Markets, Treasury & Derivatives Advisory for Institutions & Corporate Treasuries.

Portfolios. Hedging. Treasury. Capital.

Para Bellum brings specialist financial markets expertise to the decisions, structures and transactions that matter.

Exploratory Discussion Case Studies

Specialist capability. When you need it.

Sometimes you need senior expertise without another permanent hire.

Sometimes you just need someone who has done it before, knows what matters and can help you get it done.

Para Bellum brings senior financial markets, derivatives and structuring expertise when you need the additional firepower.

When Derivative Programmes Get in the Way.

Para Bellum is brought in when a portfolio, cash flow or balance sheet exposure needs to be hedged, structured or managed, whether for a new transaction, refinancing, portfolio transition or changing exposure.

The outcome is simple: a programme that fits the portfolio, works within the constraints and delivers what the business needs.

 FX   |   RATES  |   CREDIT    |   EQUITY  |   VOLATILITY   |  CAPITAL   |   COLLATERAL

WHO THIS IS FOR – TYPICAL SITUATIONS

WHERE YOU NEED MORE FIREPOWER.

Five situations where specialist financial markets expertise can make the difference.

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HEDGE PROGRAMMES THAT NEED BUILDING OR RETHINKING

FX, Rates, Credit, Equity and Volatility hedges designed, reviewed or rebuilt around the underlying exposures, liabilities and portfolios.

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CAPITAL THAT COULD WORK HARDER

Capital, liquidity, funding, financing and collateral that could be better structured, deployed or managed across the balance sheet.

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WHEN THE BANK ISN’T THE ONLY VOICE YOU NEED

Independent expertise alongside counterparties when important structuring and hedging decisions need another set of eyes, with advice focused on what works for you, not what someone else wants to sell.

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04

WHEN THE TEAM NEEDS MORE CAPABILITY

Boards, investment committees or treasury teams that need additional financial markets, derivatives or risk expertise without making a permanent hire.

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05

BUILDING SOMETHING NEW

New treasury frameworks, derivatives infrastructure, policies, hedging mandates or hedging programmes that need specialist design from the outset.

TYPICAL PROFILE
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ASSET MANAGERS

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CORPORATE TREASURIES

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PRIVATE MARKETS

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FAMILY OFFICES

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DIRECT CAPITAL INVESTORS

NOT THIS

What Para Bellum does not do.

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Product Distribution

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Theory for Theory's sake

Para Bellum brings specialist expertise where it is needed, gets the work done and leaves the team stronger.

THE WORK IS STRUCTURAL
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STRUCTURING

FX, Rates, Credit, Equity and Volatility.

From straightforward hedging through to complex structures.

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COUNTERPARTY DOCUMENTATION

ISDA, CSA, GMRA and GMSLA negotiations.

Restructurings. Exits. Portfolio transitions. Novations.

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CAPITAL EFFICIENCY

Improving the use of capital, liquidity, funding and collateral.

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PORTFOLIO ENGINEERING

Programme design

Hedge design

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Portfolio / Trade Restructuring

Unwinds

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TREASURY INFRASTRUCTURE

FX & Rates policy

Derivatives governance

Operating frameworks

Hedging mandates

PROBLEMS SOLVED
Selected examples across derivatives, funding, capital efficiency and treasury infrastructure.
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TEN CURRENCIES, NO INFRASTRUCTURE

CORPORATE TREASURY

A group CFO managing exposure across ten currencies with no consolidated view.

Just financial statements instead of an exposure map.

READ CASE STUDY

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WAREHOUSE FACILITY RATE MISMATCH

PRIVATE CREDIT

A hedge redesign: floating funding costs repriced instantly while asset yields lagged.

Turning short-duration exposure into leveraged rate risk and compressing ROE.

READ CASE STUDY

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CAPITAL EFFICIENCY IN AN OPERATING AIRPORT FINANCING

INFRASTRUCTURE

Capital trapped by CSA and collateral mechanics.

Not by hedge failure or credit stress.

READ CASE STUDY

Let’s make it happen

 

Whether it is a straightforward FX hedge, a new derivatives programme or a
complex portfolio challenge, the best outcomes start with getting the basics right.

LET'S TALK