CAPABILITIES
MORE FIREPOWER. WHEN YOU NEED IT.
Independent financial markets, derivatives and structuring expertise for institutions and corporate treasuries.
From straightforward hedging requirements to complex transactions, Para Bellum provides specialist expertise
and additional capacity when you need it.
HOW YOU CAN ENGAGE PARA BELLUM
Four engagement models.
Bring in Para Bellum where you need additional expertise, capacity or independent judgement.
CORE ENGAGEMENTS
Design and deliver the solution.
HEDGE BUILD
Design and build FX, Rates, Credit, Equity and Volatility hedges around the underlying exposures and cashflows they are intended to protect, with the hedge parameters clearly defined. Existing programmes can be reviewed, optimised or rebuilt where required.
PORTFOLIO ENGINEERING
Design and embed ongoing FX, Rates, Credit, Equity and Volatility overlay programmes, including tail hedges, to manage portfolio exposures as market conditions change. Includes programme design, governance and monetisation strategy.
BALANCE SHEET & CAPITAL EFFICIENCY
STRUCTURING-AS-A-SERVICE
Senior-level derivatives and structuring capability without permanent headcount.
For teams that need regular access to a structurer or derivatives specialist, but not enough to justify a full-time hire.
SPECIALIST ENGAGEMENTS
Specialist capability when you need it.
DERIVATIVES PORTFOLIO REVIEW
An independent assessment of portfolio exposures, hedge effectiveness, risk and structural efficiency.
GOVERNANCE PACK
Board-ready frameworks for oversight, decision accountability and regulatory defensibility.
HEDGING & RESILIENCE PLAYBOOK
Practical hedging strategies designed to protect capital, preserve liquidity and maintain flexibility through periods of market stress.
BESPOKE ADVISORY
When the requirement
doesn’t fit a box.
Specialist mandates involving transactions, structures or portfolio situations where the experience required is difficult to find in-house.
- FX & Rates policy frameworks
- ISDA, CSA and derivatives infrastructure builds
- Derivatives programme design
- Treasury capability builds
INDEPENDENT REVIEWS
When objectivity matters.
An independent view when you need to test the thinking behind an important decision.
- Independent review of portfolios, balance sheets, derivatives programmes and structuring decisions
- Regulatory and governance response reviews
- Trading desk and performance reviews
- Risk scenario design and stress testing
- Derivatives lifecycle events, transitions and portfolio restructuring
- FX & Rates policy and hedging programme reviews
- Overlay governance and performance reviews
FROM REQUIREMENT TO SOLUTION
A disciplined process. Aligned with your objectives.
01
DIAGNOSE
Understand the requirement, exposures, constraints and desired outcome.
→
02
DESIGN
Build the hedge, programme, framework or solution.
→
03
EXECUTE
Implement the solution and manage its execution.
→
04
TRANSFER
Leave the team with stronger capability than before.
Engagements are scoped around the problem, mandate and outcome required.
THE TECHNICAL SPINE
The capabilities that power every engagement.
These capabilities sit underneath every engagement, integrated into the work rather than sold as standalone services.
01
DERIVATIVES & STRUCTURING
Design, structuring and execution across derivatives and market exposures.
• FX, Rates, Credit, Equity, Volatility and cross-currency exposures
• Straightforward transactions through to more complex structures
• Long-dated and illiquid exposures
• ISDA and CSA optimisation
• Funding and financing structures
• Overlay programme design across FX, Rates, Credit, Equity and Volatility, including tail hedges
02
PORTFOLIO, BALANCE SHEET & CAPITAL EFFICIENCY
Improving the use of capital, liquidity and collateral across portfolios and balance sheets.
• Capital efficiency diagnostics
• Margin and collateral optimisation
• Balance sheet efficiency
• Liquidity release and redeployment
03
TRADE EXECUTION STRATEGY
Trade execution is a strategic discipline, not an afterthought.
• Large and sensitive transactions
• Novations, restructurings and exits
• Market impact control
04
GOVERNANCE & RISK ALIGNMENT
Governance, risk and policy frameworks that support clear decisions and accountable execution.
• Board and regulator-ready frameworks
• Stress testing and scenario design
• Risk governance alignment
• Derivative policy, ISDA documentation and governance for corporate treasuries building or rebuilding their derivatives capability
• Governance and monetisation frameworks for ongoing overlay programmes
05
TRADING & RISK INFRASTRUCTURE
Modern infrastructure supporting modern portfolios and treasury functions.
• Trading and risk platforms
• Automation and analytics
• Trade execution workflow design
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.