Annual Report 2006 - Faisal Finance Switzerland SA
Annual Report 2006 - Faisal Finance Switzerland SA
Annual Report 2006 - Faisal Finance Switzerland SA
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Directors’ <strong>Report</strong><br />
� The investments in PPSC&C are made in internationally traded<br />
currencies and commodities only. Following the Bank’s strategy to<br />
minimise risks, the PPSC&C transactions are dealt with cautiously<br />
selected parties only. During the year, nine such counter-party<br />
arrangements (mainly top banks) were in place and actual<br />
investments were made in four different currencies for periods<br />
from one week to several months.<br />
Treasury Services<br />
� The Bank provides currency-trading services to facilitate its clients<br />
and sister companies. Although not a market maker in any currency,<br />
through the long standing relationship with reputed banking<br />
institutions, the Bank is in a position to obtain very competitive<br />
prices both in spot and forward transactions.<br />
� The treasury professionals closely watch the world stock markets<br />
and alert the Management and the clients, if need be or to provide<br />
suitable advice.<br />
It will remain an express goal of the Bank and of its treasury<br />
professionals to provide expert advice to its clients in all financial<br />
matters and to assure maximum security for all investments.<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2006</strong><br />
23<br />
Investment Banking &<br />
Asset Management<br />
87%
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