+393508052756 Head Office: Palazzo Altieri Piazza del Gesù, 49 00186 Roma Mon–Fri 08:30–17:00
TREASURY
Business Banking · Est. 1972

Servizi di
Tesoreria

Commanding your liquidity, hedging your risks, and optimising every euro with the precision and institutional depth that Italian enterprise demands.

Overview Our Services Instruments Why Us How We Work Our Team FAQs
Treasury & Financial Risk

Your Liquidity, Mastered.

The Engine Room of Your Enterprise

In the modern corporation, treasury is no longer merely a back-office function it is a strategic command centre. The finance director who masters liquidity, hedges currency and rate exposure with precision, and optimises the cost of every payment creates a measurable competitive advantage. That is what Casa Della Finanza's Treasury Services exist to deliver.

Since financing the great industrial projects of the Risorgimento, our treasury teams have developed institutional expertise in every instrument, every market, and every risk that a corporate treasurer encounters from vanilla FX forwards to sophisticated cross-currency interest rate swaps and bespoke structured solutions.

Whether you are a mid-size exporter managing currency risk on receivables, or a multinational group running a centralised payment factory across eighteen entities and nine currencies, we have the platform, the people, and the product range to serve you without compromise.

"Cash is the lifeblood of every enterprise. Our treasury practice exists to ensure yours flows freely, safely, and at the lowest possible cost."

Casa Della Finanza · Treasury Services, Since 1847
Treasury Services · At a Glance
Corporate Clients8,400+
Daily FX Volume€ 4.2 Billion
Currencies Supported42 Currencies
Payment Countries185 Countries
Liquidity Pool€ 18 Billion p.a.
SWIFT ConnectivityFileAct · MX · MT
API IntegrationsSAP · Oracle · TMS
Treasury Specialists94 Professionals
8,400
Corporate Clients
€4.2B
Daily FX Volume
42
Currencies
185
Payment Countries
24/7
Platform Access
94
Treasury Specialists
MASTER MILANO ROMA PARIS MADRID LONDON DUBAI Liquidity
Cash Management · Liquidity

Cash & Liquidity Management

Complete command over every euro across every entity and every currency

Our Cash Management platform gives your treasury team real-time visibility and control over all your group's balances across subsidiaries, geographies, and currencies eliminating idle cash, reducing borrowing costs, and ensuring that every entity in your group has exactly the liquidity it needs, precisely when it needs it.

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    Notional and physical multi-currency cash pooling
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    Zero-balance and target-balance account sweeping
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    Real-time intraday liquidity position reporting
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    Short-term investment of surplus liquidity T-bills, MMFs
  • ✦
    Overdraft and daylight credit facilities for peak requirements
Speak to a Specialist → View All Instruments
EUR/USD 1.0842 ▲ +0.12% EUR/GBP 0.8567 ▼ −0.08% HEDGED P&L PROFILE SPOT FX FORWARD 1.0800 | 90d FX OPTION CALL 1.09 FX Hedging
Foreign Exchange · Hedging

FX Risk Management & Hedging

Protecting your margins from currency volatility, precisely and cost-effectively

Currency risk is one of the most pervasive and underestimated threats to corporate profitability. A 5% adverse move in EUR/USD can erase an entire year's operating margin on export revenues. Our FX team works alongside your treasury to identify, quantify, and hedge currency exposures using the full spectrum of instruments from vanilla forwards to bespoke structured solutions.

  • ✦
    Spot, forward, and swap transactions across 42 currencies
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    Vanilla and structured FX options — calls, puts, collars, participations
  • ✦
    Cross-currency swaps for long-dated liability hedging
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    Hedging policy design and Board-level risk reporting
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    EMIR-compliant trade reporting and collateral management
Speak to a Specialist → View All Instruments
EURO YIELD CURVE 1Y 2Y 5Y 10Y 30Y 2.0% 3.0% 4.0% 5.0% IRS 5Y 3.84% fixed Current curve Forward curve
Interest Rate · Derivatives

Interest Rate Risk Management

Fixing your cost of debt and protecting against rate volatility

A 100-basis-point rise in interest rates on a €50 million floating-rate loan costs €500,000 per year in additional interest. Companies with significant debt exposure whether from bank loans, bonds, or lease obligations have a material interest in managing this risk. Our rates desk provides the full range of hedging instruments, from plain-vanilla IRS to complex structured solutions.

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    Interest rate swaps (IRS) fixed for floating, floating for fixed
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    Interest rate caps, floors, and collars
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    Swaptions and structured rate protection
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    Portfolio-level interest rate sensitivity analysis (DV01)
  • ✦
    Hedge accounting advisory under IFRS 9
Speak to a Specialist → View All Instruments
ERP / TMS SAP · Oracle · Kyriba Casa Della Finanza Payment Gateway SWIFT · API · HOST2HOST MT101 · MX · FileAct SEPA / SWIFT Eurozone Transfers TARGET2 / RTGS High-Value Payments CORRESPONDENT Global Payments RECONCILIATION MT940 · camt.053 Payments
Payments · SWIFT · API

Payment Services & SWIFT Connectivity

Seamless, secure, and fully automated payment execution worldwide

Our payment infrastructure connects your ERP or TMS directly to Casa Della Finanza's payment gateway enabling fully automated, straight-through processing of domestic and cross-border payments in 185 countries and 42 currencies. We support every major connectivity protocol, from SWIFT FileAct and Host-to-Host to modern REST APIs.

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    SEPA Credit Transfer and SEPA Instant (24/7, €100k limit lifted)
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    SWIFT MT101 bulk payment initiation and MT940 reporting
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    ISO 20022 MX messaging — camt, pain, pacs formats
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    Host-to-host and REST API connectivity to SAP, Oracle, Kyriba
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    Virtual IBAN and accounts payable/receivable automation
Speak to a Specialist → View All Instruments
BRENT CRUDE · USD/bbl Hedge OIL GAS WHEAT STEEL POWER GOLD
Commodity Risk · Structured Hedging

Commodity Risk Management

Stabilising your input costs and protecting your margins from price volatility

For businesses exposed to commodity prices whether as a buyer of energy, agricultural inputs, metals, or industrial materials price volatility can devastate margins and destabilise budgets. Our Commodity Desk provides hedging solutions across the full range of commodities using forwards, swaps, options, and structured products — both exchange-traded and OTC.

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    Commodity swaps and fixed-price forward contracts
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    Energy hedging — natural gas, power, carbon (EUA, EUAA)
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    Agricultural commodity hedging wheat, corn, coffee, cocoa
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    Base and precious metals aluminium, copper, gold, silver
  • ✦
    Commodity exposure analysis and hedging strategy design
Speak to a Specialist → View All Instruments
"

The great treasurer does not guess at rates or hope that currencies behave. He structures certainty so that whatever markets do, the business endures and the margin is protected.

Casa Della Finanza · Head of Treasury Sales
Product Universe

Treasury Instruments We Offer

FX Spot & Forward

Spot transactions settled T+2 and forward contracts locking in exchange rates for up to 5 years, across 42 currency pairs including all major and key EM pairs.

FX Options

Vanilla puts and calls, risk reversals, barrier options, average-rate options, and structured participations — providing protection with retained upside participation.

Interest Rate Swaps

Fixed-for-floating and floating-for-fixed IRS in all major currencies, from 1-month to 30-year tenors. Basis swaps and overnight index swaps also available.

Caps, Floors & Collars

Interest rate caps providing maximum rate protection, floors guaranteeing minimum deposit rates, and zero-cost collars banding your exposure within defined limits.

Cross-Currency Swaps

Exchange principal and interest payments in two different currencies the preferred tool for hedging long-dated foreign-currency debt and overseas investment cash flows.

Cash Pooling

Notional and physical pooling structures consolidating group-wide liquidity into a single master account, eliminating overdraft costs and maximising interest income.

Commodity Derivatives

OTC forwards, swaps, and options on energy, agricultural commodities, base metals, and carbon providing budget certainty on input costs for up to 36 months forward.

Money Market Instruments

Short-term investment of surplus liquidity in treasury bills, certificates of deposit, commercial paper, and prime money market funds — same-day access to funds.

EMIR & MiFID II Compliant

All derivative transactions executed with Casa Della Finanza are conducted under ISDA Master Agreement, fully compliant with EMIR trade reporting requirements and MiFID II product governance obligations. We provide complete regulatory documentation, trade confirmations, and mark-to-market valuations on request — ensuring your finance team and external auditors have everything they need.

Our Distinction

Why Italian Treasurers Choose Us

Competitive Pricing, Always

Institutional spreads for companies of every size

Our FX and rates desk prices from the same interbank mid-market rate regardless of your transaction size. We make our margin through volume and relationship depth not from wide spreads on individual transactions. Every client sees our best price, every time.

Real-Time Digital Platform

Execute, monitor, and report from any device

Our Tesoreria Online platform gives your treasury team live FX rates, one-click deal execution, automated limit monitoring, real-time P&L on all open positions, and consolidated portfolio reporting accessible from desktop, tablet, or mobile, 24 hours a day.

A Named Treasury Advisor

Not a call centre your banker's direct line

Every corporate treasury client is assigned a dedicated Treasury Sales Advisor a senior professional who understands your business, monitors your exposures, and calls you before the market calls you. In treasury, minutes matter. Your advisor's direct line is answered.

178 Years of Market Experience

Wisdom from every cycle, every crisis

Our treasury team has navigated oil shocks, the Plaza Accord, the ERM crisis, the 2008 financial collapse, COVID liquidity freezes, and the energy crisis of 2022. That institutional memory means we recognise when markets are behaving abnormally and we tell our clients before it becomes expensive.

Hedge Accounting Support

IFRS 9 documentation, end to end

Qualifying for hedge accounting under IFRS 9 requires documentation that many banks leave to the client. We provide complete hedge designation documentation, effectiveness testing support, and valuation reports formatted for your external auditors reducing your compliance burden significantly.

Global Correspondent Network

Payments cleared in 185 countries

With direct membership of TARGET2, CHAPS, Fedwire, and CHIPS and correspondent relationships with 280 banks across 185 countries — we clear payments in every major and most minor currencies with same-day or next-day value wherever possible.

Our Approach

From Mandate to Market

01
Treasury Review
Your dedicated Treasury Advisor meets your finance team to map all financial risk exposures FX, interest rate, commodity, and liquidity against your existing hedging policies, credit facilities, and banking infrastructure. We produce a written Risk Exposure Report.
02
Strategy Design
We design a bespoke hedging and liquidity strategy aligned to your risk appetite, accounting framework, and budget cycle. Every proposed instrument is stress-tested and presented with full mark-to-market scenarios before any commitment is made.
03
Execution
Transactions are executed at institutional prices via our Tesoreria Online platform, by telephone with our dealing desk, or via direct API connection to your TMS. Confirmations are issued within minutes; all trades are reported to DTCC under EMIR within T+1.
04
Monitoring & Review
We provide monthly portfolio valuations, proactive market alerts, and quarterly strategy reviews. As your exposures evolve with the business, your Treasury Advisor restructures the hedging programme accordingly ensuring it always reflects your current position and risk appetite.
Request a Treasury Review → Download Our Treasury Guide
Meet the Desk

Your Treasury Advisory Team

Dr. Raffaele Amendola
Head of Treasury Sales, Italy

Twenty-two years in corporate treasury sales at Casa Della Finanza and formerly at Société Générale CIB. Raffaele specialises in complex hedging structures for export-oriented manufacturing and energy companies, and has structured risk management programmes covering over €8 billion in notional exposure.

Request a Meeting →
Dott.ssa Valentina Esposito
Senior FX & Rates Advisor

Sixteen years of FX and interest rate markets experience across London, Frankfurt, and Milan. Valentina leads our structured FX solutions practice and advises Italian luxury groups, food exporters, and pharmaceutical companies on currency exposure management and hedge accounting under IFRS 9.

Request a Meeting →
Ing. Lorenzo Fabbri
Head of Cash & Payments Solutions

Engineering background from Politecnico di Milano and twelve years designing and implementing cash pooling structures, payment factory programmes, and SWIFT connectivity solutions for multinational groups. Lorenzo leads our ISO 20022 migration practice and has implemented TMS integrations for over 60 corporate clients.

Request a Meeting →
Common Questions

Frequently Asked Questions

What is the minimum transaction size for FX hedging? ▾
There is no formal minimum. We regularly execute FX forwards for amounts as low as €25,000 for smaller businesses. However, the economics of structured products (options, participations) typically require a minimum of €250,000 equivalent to justify the structuring cost. Your Treasury Advisor will always recommend the most cost-effective solution for your exposure size.
Do we need an ISDA Master Agreement to trade derivatives with you? ▾
Yes all derivative transactions (FX forwards, options, interest rate swaps, commodity swaps) are governed by an ISDA Master Agreement with a Schedule and, where required by EMIR, a Credit Support Annex (CSA). Our documentation team will guide you through the negotiation process, which typically takes two to four weeks for standard terms.
How do you handle EMIR reporting obligations? ▾
Under EMIR Refit (effective April 2024), both parties to an OTC derivative trade are required to report to a Trade Repository within T+1. For all derivatives executed with Casa Della Finanza, we submit reports on your behalf to DTCC Derivatives Repository at no additional charge and provide you with a full copy of each submission for your own records.
Can you connect directly to our TMS or ERP system? ▾
Yes. We offer direct connectivity to all major treasury management systems (Kyriba, SAP Treasury, Oracle Cash Management, Reval, ION) and ERP platforms (SAP S/4HANA, Oracle ERP Cloud) via Host-to-Host file transfer, SWIFT FileAct, or REST API. Our integration team works alongside your IT and treasury teams to implement and test connectivity, typically within four to eight weeks.
What collateral is required for our derivative credit limit? ▾
Derivative credit limits are assessed and assigned as part of your overall corporate credit facility with Casa Della Finanza. For clients with an existing credit relationship, derivatives are typically transacted on an uncollateralised basis within your assigned limit. For very large or long-dated transactions that would exceed your derivative sub-limit, we will discuss appropriate collateral or margining arrangements in advance.
How quickly can we execute an FX transaction? ▾
Spot and forward FX transactions can be executed within seconds via our Tesoreria Online platform or by telephone with our dealing desk. The desk is staffed from 06:30 to 18:30 CET, Monday to Friday. For after-hours transactions, our emergency treasury line connects you to a senior dealer. Structured products (options, swaps) require slightly more lead time typically same-day to next-day for vanilla instruments.
Begin the Conversation

Your Treasury Deserves
an Institutional Partner.

A senior Treasury Advisor will meet your finance team within five working days at your offices or ours to map your exposures, review your existing arrangements, and present a clear, costed proposal. No obligation. No generic pitch deck. Just a candid conversation between treasury professionals.

Request a Treasury Review → Download Our Treasury Guide