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Fixed Income Trading
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Unbiased Advice focused on your unique balance sheet needs
Shay’s Asset Manager Perspective:Disciplined
investing demands objectivity. In contrast with many broker/dealers,
Shay Financial Services, Inc. chooses not to own an extensive inventory
of securities for resale. Rather, to preserve the unbiased perspective
required of an asset manager, the firm maintains counter-party trading
relationships with more than 200 dealers nationwide. As a result, Shay
professionals have access to a wide spectrum of available securities to
help our clients identify and obtain the securities that best meet
their unique investment needs.
Shay Balance Sheet Based Approach: A
properly structured investment portfolio is one that reflects and
compliments an institution’s core business and strategic goals. We
focus on understanding your institution’s strategies, objectives,
opportunities and risks to assist you in developing an investment
portfolio that delivers optimal performance while reflecting the risks
and opportunities of your institution’s balance sheet. This concept is
the foundation of each Shay/Client relationship.
Shay provides a full line of resources to help you build your investment portfolio:
Transactional
Services: Securities trading in treasuries, agencies, mortgage-backed
securities, CMOs, corporates and municipals. Shay also operates a
full-service CD sales desk and access to funding via the repurchase
agreement transactions.
Portfolio Support Services: Free securities safekeeping, investment accounting and market value pricing.
Banker-based Bond & Investment Portfolio Analytics:Shay
Portfolio Strategies Group (“PSG”) provides a variety of resources for
helping you build an investment portfolio, including Shay’s proprietary
bond analysis system, Spread Manager, a bond analyses system designed
specifically for depositories and their unique operating model.
Spread
Manager does what traditional bond analytics do not. It incorporates
the “funding” aspect of banking into a bond’s analyses, enabling the
financial manager to evaluate bonds the same way they manage the rest
of their balance sheet, based on spread. It identifies any potential
asset/liability issues a particular bond might expose the balance sheet
to in varying interest rate scenarios. In short, it evaluates bonds in
depository-terms, combining the elements of profitability and risk
management to help financial managers identify the bond or bonds that
fit their needs most effectively.
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