 the main task of the treasury division is getting the highest return at the minimum exposure possible. also, the availability of financial resources necessary to guarantee executing its various banking operations duly. in addition to hedging against all kinds of risk .
the dealing room is highly equipped with dealing systems to contact local and foreign banks, it is privileged with trema treasury risk management system for front, middle and back office. and with both reuters and bloomberg screens to follow up recent world news, financial markets, stock exchanges & movement of exchange and interest rates worldwide. four main units within this administration to guarantee efficient performance accomplish work, they are:
» Money Market Desk: This unit is responsible for managing the bank liquidity in local and foreign currencies. it manages to meet obligations at lowest possible cost, to meet reserve requirements and maintain pricing policy for customer deposits in all currencies.
» Foreign Exchange Desk: This unit utilizes the bank resources of foreign currencies at the most appropriate way; make fx deals (spot or forward) for foreign currencies against each other or egyptian pound, effect shipment of foreign surplus abroad and issue of foreign currencies list against each other and against egyptian pound.
» Primary Dealers Desk: this unit is concerned with dealing in government treasury papers (treasury bills & treasury bonds) or any other treasury paper that the ministry of finance may issue, to guarantee covering the primary dealers auctions and activating them in the secondary market.
» Treasury Products Sales Desk: the main task of the sales desk is to activate dealings of the bank customers, manage portfolios of corporate ones, grant preferential rates and update them with recent market news.
this in addition to attracting new customers to deal with our bank through marketing all treasury products:
- Treasury bills issued by the ministry of finance with different maturities 91 days, 182 days and 364 days in the primary market, bank of alexandria makes them available for its customers in different maturities from one week till one year at competitive rates in the secondary market.
- Government treasury bonds, which give a fixed coupon, yield semiannually.
- Buy / sell currencies for customers at best rates.
- Buy / sell currencies forward according to our customer needs.
- Swap operation for different currencies at best rates for our customers
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