Fixed Income and Currencies – Corporates and Institutions (2024)

  • Fixed Income and Currencies

In our Fixed Income and Currencies (FIC) division, we aim to be the trusted risk management partner for our clients on a global scale in terms of market access, liquidity provision, and financing solutions. We've combined an experienced institutional and corporate sales team with expertise in trading and structuring across various asset classes. This includes our Quantitative Investment Solutions (QIS) team, which has successfully executed solution-based transactions with institutional investors worldwide over the past decade. Across the FIC business, we continue to refine our client offerings and adapt to market changes, such as increased automation, regulatory updates, and the growing demand for standardised and transparent execution.

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Deutsche Bank's Global Rates franchise serves a broad spectrum of clients, from corporate entities to institutional and wealth management players. Deutsche Bank’s services go beyond offering products; it is about delivering comprehensive financial solutions that address the needs of our client base.

Within this franchise, we provide essential services such as asset liability management and capital-efficient solutions. In addition, we provide access to key income markets across the globe, including the US, EMEA, and APAC. Our expertise extends to multi-asset quantitative investment solutions, empowering clients to make data-driven investment decisions in an ever-evolving market. Our franchise plays a key role in primary issuance and market-making across 24 developed government bond markets. This function is critical in maintaining the stability and liquidity of the overall market.

Our derivatives expertise spans a wide spectrum, including interest rate swaps covering 10 developed markets and a wide range of structured products. These instruments are designed to address various financial objectives, from managing risk to enhancing returns. The bank also has the ability to source and transform illiquid assets. This enables us to unlock hidden value in assets that may otherwise be underutilized. In addition, we manage long-dated bond forwards, strips, total return swaps (TRS) on indices, and single securities, ensuring that our clients have access to a diverse set of tools for their financial strategies. Finally, our team executes deal contingent trades, allowing us to tailor our services to the specific needs and circ*mstances of our clients. At Deutsche Bank, we understand that financial solutions must be as diverse as the clients we serve, and our Global Rates franchise embodies this commitment.

Deutsche Bank Investment Solutions - Where data drives success.

Deutsche Bank Investment Solutions (DBIS) represents the convergence of data-driven precision and investment expertise. Catering to diverse client groups, from private wealth managers to insurance and hedge funds, we provide a comprehensive array of investment solutions. These encompass three core pillars: QIS (Quantitative Investment Solutions): offering systematic investments form to clients, dbSelect: DB’s managed account platform and dbMA+ (dbMarketAccess+): leveraging Deutsche Bank’s trading infrastructure to offer clients easy and efficient access to markets.

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In Emerging Markets (EM), Deutsche Bank covers EM sovereigns, quasi-sovereign entities, as well as global institutional and corporate clients. Deutsche Bank offers a fully integrated and global platform that combines expertise with connectivity, all linked into Deutsche Bank’s extensive global network. Our clients benefit from both market access and various solutions across a wide array of financial products. These encompass both cash and derivative products, including local cash bonds, hard currency sovereign and corporate bonds, credit default swaps (CDS), interest rate derivatives, cross currency swaps, and a comprehensive suite of foreign exchange (FX) products ranging from spot transactions to options. We understand the importance of accessibility, which is why we provide a broad range of electronic channels and workflows tailored to Emerging Markets, both onshore and offshore. This accessibility ensures that our clients can efficiently navigate these markets.We also provide cross-margining capabilities, intermediation services, and a complete suite of custody services specific to emerging markets fixed income and FX. We aim to give our clients the necessary tools and resources to navigate the complexities of these markets.

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Deutsche Bank’s renowned financing division confirms our commitment to delivering holistic financial solutions, designed to meet the diverse needs of clients across the globe and spanning various industries and asset categories.Our extensive offering extends across regions, including EMEA, APAC, and the US, and encompass a wide spectrum of financing solutions. These include hard asset financing within sectors such as aviation, shipping, rail infrastructure, energy, and renewables. Additionally, we provide commercial real estate financing, as well as asset backed securities (ABS) financing for a diverse range of assets, including consumer loans, residential mortgages, corporate exposures, and other unique financial assets. We are also heavily involved in corporate cash-flow lending and various forms of illiquid financings. Our expertise also extends to the structuring and issuance of public ABS and collateralized loan obligations (CLOs). Our client base reflects the diversity of our services, encompassing asset managers, financial sponsors, credit funds, corporation, banks, and real-money investors. We work closely with these partners to develop tailored financing solutions that align with their unique objectives and financial strategies.

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At Deutsche Bank we have a comprehensive approach to credit services that, as well as offering products, focuses on delivering tailored solutions and expert guidance to clients. We provide primary issuance services spanning the entire credit spectrum, ranging from investment-grade to high-yield securities and leveraged loans, including securitised assets. This breadth of coverage ensures that we are equipped to assist clients across various credit categories. To complement our primary issuance capabilities, we maintain industry-leading market-making desks that encompass all cash products and credit default swaps (CDS), including indices, single-name CDS, and options. This allows us to offer clients unparalleled access to liquidity and market insights. Our credit solutions desk specializes in bespoke funded and unfunded solutions for institutional and corporate clients. These solutions encompass a wide range of offerings, including credit linked notes, structured lending, securitised derivatives, swap intermediation trades, and repackaged credit structures. This versatility ensures that our clients have access to a diverse toolkit to address their credit-related challenges. Our distressed team excels in market making, providing essential liquidity to clients, sourcing distressed assets, and generating innovative ideas. Their commitment to navigating challenging credit solutions underscores our dedication to serving clients through every phase of the credit cycle. We understand that credit solutions are not one-size-fits-all, and our approach is rooted in customization, expertise, and adaptability to deliver comprehensive credit services that meet the dynamic needs of our clients.

Fixed Income and Currencies – Corporates and Institutions (2024)

FAQs

What is fixed income and currencies? ›

The Fixed Income and Currencies Department of investment banks, usually referred to as FIC, brings together the interest rate and currency activities of the market divisions.

What are the fixed income and currency products? ›

Treasury bonds and bills, municipal bonds, corporate bonds, and certificates of deposit (CDs) are all examples of fixed-income products.

What is fixed income and currencies Deutsche Bank? ›

Our Fixed Income & Currencies division is driven by a top-tier institutional sales force, world renowned research capability, and expertise spanning Foreign Exchange, Rates, Credit, and Emerging Markets.

What is fic in banking? ›

Financial Institutions Coverage (FIC) manages relationships with clients including the largest banks, hedge funds, asset managers, insurance companies, private equity and sovereign nations.

What is an example of a fixed currency? ›

Currencies with fixed exchange rates are usually pegged to a more stable or globally prominent currency, such as the euro or the US dollar. For example, the Danish krone (DKK) is pegged to the euro at a central rate of 746.038 kroner per 100 euro, with a 'fluctuation band' of +/- 2.25 per cent.

How do fixed currencies work? ›

Fixed exchange rates are based on a specific target, typically pegged to another country's currency. Managed floating exchange rates allow floating of the rate based on supply and demand but also allow intervention to avoid significant fluctuations in value.

What are the 4 C's fixed-income? ›

The “4 Cs” of credit—capacity, collateral, covenants, and character—provide a useful framework for evaluating credit risk. Credit analysis focuses on an issuer's ability to generate cash flow.

What is the most common type of fixed-income products? ›

Bonds are the most common form of fixed-income securities. A bond is an investment product corporations and governments issue to raise funds to finance projects and fund operations. Corporate and government bonds have various maturities and face values.

What is fixed-income in simple words? ›

Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule. For example, the borrower may have to pay interest at a fixed rate once a year and repay the principal amount on maturity.

Is fixed income same as money market? ›

The money market is a subsection of the fixed income market. We generally think of the term "fixed income" as synonymous with bonds. In reality, a bond is just one type of fixed income security.

Is FX and fixed income the same? ›

Foreign Exchange (FX) or Currencies

The foreign exchange market is far bigger than the ones for Equities and traditional Fixed Income products, and the U.S. Dollar is the most heavily traded currency.

What is the difference between fixed and pegged currency? ›

Fixed rates are constant and set by the government, providing stability but limited flexibility. Suitable for economically robust countries with stable policies. Pegged rates are linked to stable currencies but offer slight adjustments based on economic conditions.

How does FIC work? ›

The FIC collaborates with a broad spectrum of public and private sector stakeholders to enhance the fight against financial crime. This approach enables the FIC to speedily obtain and/or share quality information with its partners against crime.

What is the purpose of FIC? ›

The FIC's mandate is to: identify the proceeds of crime, combat money laundering, and terror financing; supervise and enforce compliance with the FIC Act; share information with law enforcement authorities, supervisory bodies, intelligence services, the South African Revenue Service, and other local and international ...

Who is the CEO of the FIC? ›

Kwaku Dua, Chief Executive Officer of the FIC, the Board, Management and staff of the FIC for their continued support in protecting the Ghanaian economy from abuse by criminals.

What do you mean by fixed income? ›

A fixed-income security is an investment that provides a steady interest income stream for a certain period. Types include government bonds, corporate bonds, and certificates of deposit.

What is hard currency in fixed income? ›

The Emerging Markets Debt Hard Currency Strategy is a value-oriented fixed income strategy that seeks high total return from income and price appreciation by investing in a range of Sovereign, Quasi-Sovereign and Corporate Debt securities in Emerging Markets.

Is the dollar a fixed currency? ›

The U.S. dollar and other major currencies are floating currencies—their values change according to how the currency trades on forex markets.

Is fixed income good or bad? ›

Fixed-income investing can be a good strategy for new investors who want stability and regular income. Bonds and other fixed-income assets offer reliable returns and can help manage risk, as they are less volatile than stocks.

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