·  Capital adequacy assessment

·  Asset-liability management advice

·  Risk appraisal, management, control, and hedging

·  Assistance in the utilization of derivative instruments

·  VaR (value at risk)

·  Stochastic modeling and financial simulations applied to loan portfolios

·  Design of securitization projects for bank loans

·  Credit rating assessment and negotiation

·  Portfolio management counseling

·  Training

A sound domestic financial system is a critical precondition for the economic development of countries. The cost of capital and the liquidity in domestic markets greatly rely upon the efficiency and coverage of local financial systems.  The same is true for a country’s ability to prevent and withstand financial shocks and economic crises.

A series of techniques and norms have been   developed to ensure the health of financial systems wordlwide by scrutinizing, among others, the exposure of financial institutions to liquidity and solvency risks.   Nevertheless, norms such as the risk-based capital requirements set in the Basle Accord are subject to a constant evolutionary process triggered by continuing developments in information technology and financial engineering.

In addition, financial institutions throughout the world are experiencing a disintermediation process  spurred by the securitization of an expanding array of assets. On one hand,  this situation increases  liquidity and leads to lower interest rates, thus facilitating access to financial resources  by both borrowers and financial institutions. On the other hand, it poses a challenge to these intermediaries as they run the risk of gradually being displaced from the lending business.

Alcons, TFA promotes the advancement of local financial and securities markets by devising the implementation of structured financial tools, and by aiding local financial institutions in complying with international and domestic capital adequacy regulations through the optimization of their asset-liability portfolios.