Risk management – interest-rate products: Caps/floors/collars/swaptions & exotics

Exotic interest rate options

Exotic interest rate options

Caps/floors/collars/swaptions
$
1 2 JP Morgan Chase 50
2 7= Credit Suisse First Boston 18
3 7= Deutsche Bank 17
4 1 Citigroup 15
5= 11= Barclays Capital 11
5= 11= HSBC 11
5= 4= Merrill Lynch 11
8 10 Lehman Brothers 10
9 National Australia Bank 9
10= 4= ABN Amro 8
10= 9 Bank of America 8
10= 3 UBS 8
13 11= RBS 7
14= Bayerische Landesbank 6
14= 4= Goldman Sachs 6
14= 11= Morgan Stanley 6
Euro
Ranking 2003 Ranking 2002 Total score
1 3 JP Morgan Chase 31
2 11= Deutsche Bank 27
3 17= ABN Amro 22
4 15= Credit Suisse First Boston 18
5 1 UBS 16
6 10 RBS 15
7= Goldman Sachs 11
7= 5 Société Générale 11
9 17= HSBC 9
10 4 BNP Paribas 8
11= 7= Barclays Capital 7
11= 6 Crédit Agricole Indosuez 7
Yen
Ranking 2003 Ranking 2002 Total score
1 1= JP Morgan Chase 15
2 HSBC 12
3= 1= Barclays Capital 5
3= 6= Nikko Salomon Smith Barney 5
Stg
Ranking 2003 Ranking 2002 Total score
1 1 RBS 27
2 2 Barclays Capital 23
3 HSBC 14
4 3 JP Morgan Chase 13
5 Credit Suisse First Boston 11
6 Merrill Lynch 8
7 4 Citigroup 6
8 7 Deutsche Bank 5
Sfr
Ranking 2003 Ranking 2002 Total score
1 5= UBS 13
2 Credit Suisse First Boston 11
Exotic IR options
Overall
Ranking 2003 Ranking 2002 Total score
1 Deutsche Bank 34
2 JP Morgan Chase 29
3 Citigroup 23
4 UBS 21
5 Société Générale 16
6 Credit Suisse First Boston 14
7 BNP Paribas 11
8= Goldman Sachs 10
8= HSBC 10
10 RBS 9
11 Merrill Lynch 8
12 CIBC Wood Gundy 7
Exotic IR options
Hybrid products
Ranking 2003 Ranking 2002 Total score
1 JP Morgan Chase 14
2 Citigroup 9
3= BNP Paribas 6
3= HSBC 6
5= Deutsche Bank 5
5= Standard Chartered Bank 5
Exotic IR options
$
Ranking 2003 Ranking 2002 Total score
1 4 Citigroup 19
2 2= JP Morgan Chase 14
3 Credit Suisse First Boston 13
4 6 Deutsche Bank 12
5 1 UBS 11
6 HSBC 10
7 5 Merrill Lynch 7
8 ABN Amro 6
9= CIBC Wood Gundy 5
9= 7 Lehman Brothers 5
9= Morgan Stanley 5
Exotic IR options
Euro
Ranking 2003 Ranking 2002 Total score
1 7= Deutsche Bank 18
2= 11= ABN Amro 15
2= 3 JP Morgan Chase 15
4 1 UBS 9
5 11= Merrill Lynch 8
6= CDC IXIS 7
6= Citigroup 7
6= 11= Credit Suisse First Boston 7
9 Morgan Stanley 6
10 4= Crédit Agricole Indosuez 5
Exotic IR options
Sterling
Ranking 2003 Ranking 2002 Total score
1 Citigroup 8
2= 3 Credit Suisse First Boston 7
2= 1 JP Morgan Chase 7
2= RBS 7
Exotic IR options
Yen
Ranking 2003 Ranking 2002 Total score
1= Nikko Salomon Smith Barney 8
1= HSBC 8
1= 3= JP Morgan Chase 8
Exotic IR options
Swiss franc
Ranking 2003 Ranking 2002 Total score
1= 2 Credit Suisse First Boston 7
1= 1 UBS 7