January 16, 2014 - PSA International S.A. (PSAI), the international treasury arm of the PSA Peugeot Citroën group, has deployed SuperDerivatives' risk management and financial compliance system CorporeX to manage its multi-asset exposure and hedging activities and ensure compliance with impending European EMIR regulations.
The PSA Peugeot Citroën group is Europe's second largest carmaker, generating sales and revenue of €55.4 billion in 2012. With sales operations in 160 countries and 38% of its vehicles exported to destinations outside Europe, PSAI is responsible for managing international treasury operations and executing the Group's enterprise risk management and hedging strategy.
Together with CorporeX, PSAI adopted SuperDerivatives' real-time market data, analysis and news platform, DGX, with its built-in DGX financial chat. In addition it uses the multi-asset front office system SDX for all pre-trade and hedging activities in currencies, commodities and interest rates, including trade execution. PSAI will be able to book its trades and generate various risk and analytical reports and ensure compliance with new EMIR regulations.
Oren Cohanoff, Head of Corporate Solutions at SuperDerivatives, said: "We are very pleased that PSA Peugeot Citroën has joined the list of automotive corporations using CorporeX and DGX. Companies operating in the automotive industry are vulnerable to a huge variety of risks, and in today's unpredictable derivatives markets it is imperative that they hedge their exposure across asset classes with pinpoint precision. SuperDerivatives offers a highly flexible and bespoke service for corporate treasurers, providing them with the data, analytics and risk management technology they need to refine and perfect their hedging operations."
Bertrand Champion, Managing Director at PSAI said: "We have been using SuperDerivatives' front office system SDX for a while, and the addition of CorporeX and DGX allows us to manage our hedging activities in FX, interest rates and metals more efficiently and precisely on a real-time basis. Given the global scale of our hedging activity, this brings tremendous value to us."
