Sales and trading credit research support
About Client:
A credit-trading desk of a large multi-asset brokerage firm based in the US.
Business Problem:
The trading desk research team needed a dedicated research support across investment grade and high yield credits to accelerate trade idea generation.
ValueAdd Solution:
A dedicated team of three credit-trained analysts led by a Delivery Manager, was allocated to the client. Facilitated a daily communication with client’s desk analyst to ensure prioritization of work flow, discuss ideas, and provide a progress update.
Comprehensive Research Solution:
- Initiated credit models and notes for 100+ companies, across Telecom, Media, Banking, Paper & Packaging, and industrials.
- The models included revenue-built, operating metrics, adjusted historical financials, projections, corporate & capital structure, covenants & headroom analysis.
Ongoing Coverage Update:
- Model and note updates for earnings, corporate actions/credit events, and news releases
Product & Ad hoc Support:
- Provide support on products including daily morning meeting notes & market wraps, weekly market update, monthly sector update, quarterly & annual strategy report, and annual sector packs
- Ad hoc research support on peer comps, sensitivities, etc.
Benefits Delivered:
- The number of trade ideas doubled in one year, thus generating huge commissions
- High quality credit research notes with investment recommendations
- Cost-effective research support for identified sectors