23 August 2019
AFS Morning Comment August 23 2019
It should come as no surprise that the 2y10y Treasury yield spread closed below zero…
AFS Group is a European financial service provider specialised as a multi-channel intermediary in the Wholesale Financial, and Renewable Energy Sector.
AFS at a glance
With a special focus on qualified personal advisory and long-term client relationships, at AFS Group, we pride ourselves on providing a range of Financial and Renewable Energy mediating services. Such as: voice and hybrid brokering, execution, direct market access, and corporate finance solutions to an international, corporate and professional client base.
As an international company we’re situated in the heart of financial Europe
Careers
At AFS, we believe our greatest asset is our people. It is only with the dedication and determination of our people that we can provide the best possible service to our clients.
We look for junior and experienced professionals with a passion for excellence and entrepreneurship, who believe in the power of teamwork, integrity and leadership.
AFS Broker services
Market Participants can use AFS broking services to assess trading availability and execute transactions.
Our brokers locate potential trading interest and in doing so create transparency, liquidity and facilitate price discovery.
AFS Interest Rates
The Interest Rates department dates back more than 165 years and is the oldest and largest independent Money broker in Europe. With more than 25 FTE with more than 8 nationalities it has a very strong market position in Europe, including Central and Eastern Asia. The network offers a global reach.
AFS Fixed Income
AFS has a bond desk staffed by professional brokers who have knowledge and experience in a variety of different areas of the bond market
AFS Equity & Derivatives
The Equity & Derivatives Department dates back more than 20 years and is the largest end-client Derivatives broker in Europe.
More info AFS Equity & Derivatives
AFS Structured & Exotic Products
The London based Structured & Exotic Products Desk is a major player in the execution and mediation of the niche Exotic Equity Derivatives market.
AFS Energy
AFS Energy is the leading European intermediary in environmental commodities. We share our knowledge with our customers, and combine our clients’ interests with our market insights to optimise each sustainability strategy.
Environmental Compliance
Our team of committed specialists provide transparent and sharp insights regarding the various options and complex conditions that characterise the energy market.
Structured Products & Advisory
We provide our clients with advice and analysis on the commercial structure and transaction process, while arranging their PPA, GPA and finance requests.
Voluntary Sustainability
At AFS Energy, we value and support all efforts towards voluntary sustainability. We understand and acknowledge the problems linked to climate change and see the value in taking immediate action.
Commodities
Our AFS Energy team is specialised in the trading of renewable energy certificates. We have access to an extensive network of buyers and sellers of renewable energy commodities across Europe.
Exchange Traded Energy Instruments
The AFS Exchange Traded Energy Products team is able to facilitate the trading and yielding processes for CO2 allowances within the EU Emissions Trading System (EU ETS).
AFS Execution
The AFS Execution Desk acts as an introducing broker for market players who seek liquidity in order to execute their financial or renewable instruments. The desk is specialised in the execution of retail and wholesale orders for professional and eligible clients.
The following instruments can be executed via AFS infrastructure:
- Bonds
- Bund- Bobl- & Schatz Futures
- Cash Equity
- Equity Derivatives (options & futures)
- ETF’s & Funds
- Emission Allowance
- Green Certificates
Our execution services offer a scalable solution going from simple direct market access to a fully hosted and outsourced solution of your execution desk. Benefits to clients are:
- Access to all major European and US markets and listed products (equity, derivatives, ETFs, certificates, etc)
- Cost reduction: no need to invest in sophisticated IT-systems or exchange memberships
- A dedicated team of specialist brokers and support staff to fulfil all your requirements
Up to date infrastructure - Execution in line with regulatory requirements.
Trade execution is the core business of AFS. Whether it is voice broking or DMA, by using AFS you will gain time and reduce costs allowing you to focus on your core business.
AFS Blue
For the sake of transparency and efficiency AFS is moving conventional brokerage and financing mediation in the primary and secondary market onto regulated OTF and MTF venues.
AFS Blue is our electronic venue for issuing, trading and valuation of our serviced asset classes. In our view we firmly believe that voice and electronic complement each other.
AFS Blue is simple, safe, transparent and at low costs.
High Grade Debt
Our AFS Blue High Grade Debt segment offers an electronic process for issuing & investing in the following AA & AAA rated sector loans:
- Local Government
- Housing Associations
- Dutch Water Boards
- Guaranteed Export Finance
- Decentral Public Sector & healthcare
Participate on AFS Blue
Issuers and Investors are invited to participate on our AFS Blue High Grade Debt platform.
Familiarise yourself first with our market by becoming a Market Viewer: With this status you are able to view the actual anonymised investment offerings.
In case you want to participate by placing a debt offer and/or react on a published offer, you need to upgrade your status to Issuer or Investor.
Both options require registration with our platform. Generally the process to become a Market Viewer, Issuer or Investor will take up to half a working day.
Our lead managers will introduce their current network onto the platform and are available to answer any questions you may have regarding participation on AFS Blue.
Regulatory Framework
AFS Blue is operated in AFS E-Venues BV, a 100% subsidiary of parent company AFS Group.
AFS Group is fully licensed and regulated by the AFM, DNB, FCA, FINMA, BAFIN and the NFA. AFS E-Venues acts under license and regulations of the AFM and DNB. ING Bank operates as agent for creating and structuring Bond issues and interacts directly with depository agent Euroclear Netherlands.
AFS Corporate Finance
Our aim is to focus on the client’s needs throughout the life-cycle of the company and provide them with the broader scope of Corporate Finance’s services, not limited to financing and M&A advisory services. Be a (sparring) partner for the long term, provide the client with creative solutions as well as execution power.
Our key offering
Our Corporate Finance team assists clients with the structuring, documentation and due diligence phases of the transaction. AFS acts as an independent adviser and mandated arranger for:
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- Mergers & Acquisitions
- Equity Raisings
- Debt Financing
- Export finance
In the process of arranging financing we use our structuring expertise to provide tailor-made solutions, enabling our clients to achieve their goals and create the perfect fit between a client and a capital provider
Our key sector focus:
- Energy & Renewables
- Technology
- Infrastructure
Daily Macro Calendar
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Belgium Business Confidence
16:00
Federal Reserve Policy Symposium in Jackson Hole
16:00
Fed Chair Powell Speaks at Jackson Hole
US New Home Sales
ECB's Coeure, Lane, Lautenschläger at Jackson Hole Forum
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News & Research
22 August 2019
AFS Morning Comment August 22 2019
We have something of a divergence in Eurozone and US rates on our hand. And…
21 August 2019
AFS Morning Comment August 21 2019
Bond yields seem to be bottoming out ahead of the Fed’s annual Jackson Hole getaway,…