Centrus offers Risk Reporting & Derivative Valuation Services for Virgin Atlantic
Centrus has been selected by Virgin Atlantic, a leading airline operator, to support its treasury team on their efforts to manage its currency and fuel price business exposure. With a previous scenario of reporting and analytics being run through a number of systems along with spreadsheets, a resource intensive and operationally risky process, the company approached us with the need to streamline processes, while upgrading quality of valuations and risk management capabilities.
Centrus’ role as strategic treasury advisor and technology provider allowed Virgin Atlantic to rely on a suite of valuations and risk management reporting on its FX and commodity exposure. The company’s Fuel and FX hedging portfolio was uploaded to our risk and valuation platform, as well as business exposures. Automatic feeds between trading systems and our platform were set up and reporting deliverables were fully customisable to meet Virgin Atlantic’s needs.
Paul Robbins, Virgin Atlantic’s Portfolio Risk Manager, commented that The Centrus Analytics platform has enabled us to reduce the number of treasury systems in use, delivering a significant cost saving to the company. Our reports come through early each morning, fully customised to our requirements. This enables us to make informed decisions sooner and frees up capacity within the team.