Scenario analysis, liquidity, working capital, VaR, CFaR, credit rating advisory and treasury transfer pricing — for corporates and financial institutions, delivered by people who have run the numbers in the boardroom, not just in the back office.
Hedge Optimisation
Every possible hedge portfolio sits somewhere on a trade-off between Cash Flow at Risk and Earnings at Risk. Most corporates are hedging above the frontier — paying more earnings volatility than they need to for the CFaR they are achieving.
The power is not the number. It is being able to show the board where today's hedge sits, where the optimal portfolio sits, and what combination of instruments moves you there. Decisions that were once opinion become quantified.
Included under FRM
Hedge accounting is inseparable from the risk itself. We deliver designation, effectiveness testing, valuation, journals and disclosure alongside the FRM engagement — under IFRS 9, IAS 39 and ASC 815, aligned to the risk management objective the business actually runs.
Full hedge accounting capabilityWhat's covered
Capabilities
Quantitative risk, working capital, credit rating advisory and intercompany transfer pricing — under one practitioner- led roof. Methodology that is auditable, explainable and tied to the underlying business model.
Numerical methodology that holds up under stress and audit.
Funding flexibility sourced from the balance sheet first.
Financing decisions the board and the rating agencies can defend.
Intercompany flows that survive a tax authority challenge.
Who we work with
We connect treasury risk metrics — VaR, CFaR, liquidity and funding gaps — to the business decisions that move them. Capex timing, M&A funding, dividend policy, credit rating headroom. Risk numbers that the CFO and the board can actually act on.
Risk frameworks that hold up under regulatory scrutiny and exec challenge. We work the trading book, the banking book and the increasingly important asset-liability profile of digital asset balances. Methodology that explains itself, not just numbers in a spreadsheet.
Working Capital
Working capital is treasury's largest unsecured funding line, and the one most often left on the table. We design the cash conversion cycle improvements that move the dial without breaking commercial relationships.
Receivables financing and dynamic discounting on the asset side. Supply chain finance and payable term extensions on the liability side. Inventory and payment-term policy in the middle. Every lever modelled against the cost of alternative funding so the trade-off is explicit.
Treasury Transfer Pricing
Intercompany loans, cash pool interest, guarantee fees and hedge recharges all sit at the intersection of treasury and tax. OECD Chapter X put treasury squarely on the transfer pricing map, and tax authorities are now asking specific questions about each.
We design the methodology, build the comparability analysis, and produce the documentation that holds up under audit — covering credit-rating-derived interest rates, implicit support adjustments, cash pool benefit allocation and the BEPS Action 4 interest deductibility tests.
Insights & Brochures
Scalable solutions for the valuation and analysis of financial instruments and portfolios, powered by UnRisk.
Guide to transitioning from hedge accounting to Risk Management Accounting under IFRS 9, aligning accounting with economic risk management.
Start a conversation
Book a 30-minute diagnostic call. We'll tell you within the hour whether we can help, and where the biggest wins likely sit.