The scores for this year’s Poll of Polls were compiled using league tables and Euromoney surveys published in 2003, as outlined below.
Underwriting Overall capital raising: market users’ votes for best bank at raising capital.
Bonds: issuers’ votes for best lead manager for top bookrunner in 19 categories; bookrunner league table of international bonds (source: Dealogic Bondware).
MTNs: borrowers’ votes for EMTN and US MTN arrangers; EMTN arranger league table (source: Dealogic MTNWare).
Commercial paper: users’ votes for CP arrangers.
Equities: borrowers’ views on global coordination, IPOs, privatizations, secondary offerings and block trades; global coordinator and bookrunner league tables of international equities (source: Dealogic Bondware).
Trading MTNs: borrowers’ nominations for best EMTN and US MTN dealers; EMTN dealer league table (source: Dealogic MTNWare).
Commercial paper: market users’ views on best ECP dealers.
Foreign exchange: corporate treasurers’ and institutional investors’ votes for the top houses by market share.
Transactions processing Cash management: corporate treasurers nominations for best cash management services allied to global foreign exchange transactions; nominations for best global cash management services overall.
Custodial services: corporate treasurers’ nominations for best global custodian.
Internet Capital raising: borrowers’ nominations for best website used .
Risk management and value-at-risk appraisal: Corporate treasurers’ vote for best websites used.
Foreign exchange: corporate treasurers and institutional investors rate current capabilities for online execution, research and straight-through processing of forex transactions.
Advisory Forex research: corporate treasurers’ and institutional investors’ nominations for foreign exchange research.
Risk management: borrowers’ views on risk management.
Credit research: investors’ votes for best providers of European credit research.
M&A: Dealogic league table rankings of target and bid advisers.
Poll of Polls was compiled using the following Euromoney polls published in 2003: credit research (April), foreign exchange (May), global financing (September) and cash management (November). League tables cover the period from January 1 to November 30 2003. We would like to thank Global Investor for permission to use the results of its May 2002 Global Custody Survey to compile the custodial services rating in the transactions processing category.
For further information, please contact Andrew Newby on +44-207-779-8694 or email him at anewby@euromoneyplc.com
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