EQD & Prime Services

Solutions that meet clients’ needs in risk management, yield enhancement, financing, and cross-border market access

Overview

CITIC CLSA’s Equity Derivatives (EQD) business offers a unique combination of local expertise and global access. We work closely with clients to create solutions that meet their needs in risk management, yield enhancement, financing, and cross-border market access. Our EQD business has experienced strong growth over the past few years and is today seen as a leading derivatives trading platform.

Structured Products

Supported by CITIC Securities’ strong balance sheet, we offer a wide range of equity derivative products and solutions linked to underlying global equities, to meet client needs in risk management, investment return enhancement, financing, and cross-border market access.

  • Flow Derivatives – vanilla options (call, put, call spread, put spread and options combo), covered call, protective put
  • Delta One Derivatives – equity swaps, portfolio swaps, contracts for difference, cross-border TRS
  • Exotic Derivatives – autocallables, barrier options, outperformance, fund-linked derivatives

Our dedicated sales, trading and structuring teams in Hong Kong, Singapore and London, provide tailor-made structured products in note, swaps, options or fund format. Leveraging CITIC Securities’ connections in mainland China and CLSA’s global network, we are today recognised as one of the most competitive providers of A-share derivative products.

Quantitative Investment Strategies

Our Quantitative Investment Strategies cover equity, fixed income, commodity and other asset classes, which can be wrapped into products with various return structures, through diversified and high value-added investment and asset allocation tools. Our strategies offer delta one and option access, and can be wrapped into OTC or note format.

Offering a unique combination of A-share market instruments and global access, our products, market insights and trading capability are particularly valued by HNW clients, asset managers and insurance companies.

Our strategies have been recognised for their performance. CITICS’ Global Multi Asset Trend Strategy Index (CITICS GMAT) won Euromoney’s SRP Most Innovative Index Award in 2019.

Corporate Equity Derivatives

Our Corporate Equity Derivatives’ business provides bespoke solutions for clients with a concentrated position in public equities, typically driven by financing needs, risk management, strategic investments etc.

Our products are relevant and available across the life cycle of an equity investment. We run different strategies on behalf of our clients offering downside protection to single or baskets of shares or to an index. Structures vary in terms of cost and level of downside protection and upside retention.

Prime Services

Prime Services offer a competitive suite of valued-added solutions including execution, synthetic trading, SBL, custody, clearing, asset financing, fund administration, etc. We also provide efficient clearing and settlement of securities and cash transactions in major Asian markets and currencies.