TOTSA TOTAL OIL TRADING SA is a Swiss company that is wholly owned by the TOTAL group. It was created more than 15 years ago to coordinate the worldwide physical and "paper" / derivatives trading activities developed by the International Trading Division of the Elf Aquitaine Group. In the newly merged company TOTAL, TOTSA will continue to serve functions similar to those of a Treasury Department, but for the "oil price flows" of approximately 2.1 million barrels a day of crude oil equivalent and 2.4 million barrels a day of refined product that TOTAL produces.

TOTSA used this industrial base to expand its own trading base, but in a way that serves as well to enhance the liquidity and the market related information for the Group. In the Oil Sector TOTSA is active through a wide range of instruments including the physical markets, the listed markets, the forward markets, and all the OTC derivative markets.

While increasing in absolute terms, the volume of energy derivatives products traded by TOTSA for the account of Sister Companies decreased over time in relative terms, due to the ever more important flow of activity being developed with its risk management Partners. As a result, for many years, TOTSA has been ranked in the league tables one of the most competitive and active oil trading companies through the "Energy & Power Risk Management Ranking" issued every year.

Unlike most of its main banking competitors TOTSA's priority is not the sale of standardized products, but rather to focus on customers' specific needs and expectations. That strategy is aimed at developing a term relationship with customers, based on TOTSA's exclusive knowledge of market conditions gained over the years and an outstanding expertise in a wide range of financial and trading instruments (over 100 items).

By working closely to a broad variety of customers - producers and consumers of oil and gas, financial institutions involved in energy and oil financing as well as investment funds - TOTSA TOTAL OIL TRADING SA has indeed been successful in setting up a variety of risk management systems in client-specific contexts, that are currently used by Risk Managers for day-to-day risk follow-up and operational hedging decisions.