Financial Markets Group at YES BANK
Backed by experienced professionals, the Financial Markets Group at YES BANK offers a competitive and comprehensive line-up of financial market products and services to its customers. The Bank’s Financial Markets (FM) business model provides effective Risk Management solutions relating to foreign currency and interest rate exposures of clients. FM assists clients in creating a complete understanding of risks faced by them with respect to Capital Raising, Investments, Exports, Imports and any other market risks.
The Bank provides customized solutions to clients to hedge foreign currency and interest rate exposures through products such as Foreign Exchange Forwards, Options and Swaps. The client offerings are supported by professionals comprising of Economists and Research Analysts who provide the latest analysis for generating quality Risk Management ideas and solutions.
The Bank has created a buoyant Debt Capital Markets (DCM) franchise with deep knowledge of underlying market dynamics, coupled with strong distribution and structuring capabilities. Since inception, the DCM group has originated and efficiently executed over 300 transactions, across the product suite for clients including Corporates, PSUs, Central and State Government entities and many NBFCs. YES BANK was ranked No.10 in the Thomson Financial’s Top Lead Managers of Indian Rupee Bonds for the year 2009. Further, the Bank was ranked No. 12 by Bloomberg in the India Domestic Bonds underwriting league tables for the year 2009.
The Financial Markets Group conducts proprietary trading to maximize earnings from risk taken across key fixed income, equities and global foreign exchange markets. Additionally, the business is responsible for Balance Sheet Management, Liquidity Monitoring, maintenance of Cash and Statutory Reserve requirements and day-to-day fund management of the Bank. Subordinated and hybrid debt capital for the Bank is also raised by the Financial Markets team. YES BANK was amongst the first to implement MUREX (MXG 2000), an integrated, cross-asset platform product. Further, ICRA (Moody’s affiliate in India) has reaffirmed the Bank’s A1+ rating for its INR 5000 crores Certificate of Deposit program A1+ rating indicates the highest level of safety in the short-term.