Treasury & Capital Markets

At UBL Treasury & Capital Markets (TCM), we nurture a culture of Delighting-the-Customer with a complete focus on customer needs for their financial solutions. Recently TCM team’s customer-centric approach got a well-deserved recognition when UBL was voted best in the following categories in an Asia-Pacific survey of corporates and institutions by Asiamoney:

  • Best Domestic Provider of FX Services
  • Best for Innovative FX Products and Structured Ideas

The UBL TCM has developed a reputation as a proven market leader in converting innovative ideas into profitable ventures for the bank and for its customers. TCM, in the last few years, has developed core competencies in the newly evolved areas of Derivatives and Structured Solutions.

Today the UBL TCM is a frontrunner in providing:

  • The narrowest bid/ask spreads and the fastest quotes
  • Best for Innovative FX Products and Structured Ideas
  • Innovative Structured Products

Under the new management, the TCM achieved number of milestones. It expedited the launch of Pakistan's first derivative money market product - the FRA (forward rate agreement) in August 2003, and has further closed several similar transactions thereafter. UBL was also the first bank to do a plain-vanilla Interest Rate Swap. It acquired the status of Authorized Derivative Dealer (ADD) - the only domestic bank with this status. It started trading currency option in 2005 and now is a clear market leader. It became the only bank from Pakistan with ISDA primary membership.

UBL TCM is a market maker in both the domestic money market as well as the foreign exchange market. Being one of 11 primary dealers (PD), UBL has one of the largest and strongest balance sheets amongst banks in Pakistan.

UBL was the first local bank to establish a Corporate Treasury team in the Treasury dealing room. The Global Corporate Treasury Business is responsible for sales of all structured and derivative products for UBL. The bank's trade volumes and revenues have grown significantly since the introduction of the Corporate Treasury business.

Equities desk is responsible for managing the bank's trading, badla and CFS portfolio. We aspire to eventually develop a global equity trading activity for UBL. Structured Products is responsible for developing and packaging plain vanilla derivatives as well as more exotic customer specific products.

The Strategic Planning and Balance Sheet Management responsibilities include:

  • Liquidity Management for the domestic balance sheet - This unit is the focal point for all branch-related liquidity issues and is also responsible for day-to-day management of liquidity for UBL.
  • Overseas Branches’ Treasury and Capital Markets - We plan to integrate the treasury activities for all overseas branches, to develop synergies amongst our various treasuries. As our core business in these markets continues to develop, we expect significant opportunities to arise in the trading, funding and gapping areas.
  • Research - Providing market research for internal and external clients in order to support the sales and trading effort and to provide strategic view on the economy and markets for all stakeholders.