The scores for this year’s Poll of polls were compiled using league tables and Euromoney surveys from 2005, 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 amd 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 Equityware)
* Loans:Loan Bookrunner and arranger league tables ((source: Dealogic Loanware)
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
* Forex: corporate treasurers and institutional investors rate current capabilities for online execution, research and straight-through processing of forex transactions
Advisory
* FX research: corporate treasurers’ and institutional investors’ nominations for foreign exchange research
* Credit research: investors’ votes for best providers of European credit research
Poll of Polls was compiled using the following Euromoney polls published in 2005: Credit research (April), Foreign exchange (May), Capital raising (September) and Cash management (November). Dealogic League tables cover the period from November 15, 2004 to November 15, 2005. We would like to thank Global Investor magazine for permission to use the results of its May 2005 Global Custody survey to compile the custodial services rating in the transactions processing category.
Euromoney produces each Poll of polls category from one or more set of results from one of 2005’s polls or league tables. A bank’s score in each category is proportional to the weighted sum of its scores in the underlying result sets.
Each of these result sets was assigned a value; the sum of the values for all result sets was 1,000. The top-scoring bank in each of these result sets received the full point value for that result set. Each bank’s score in a result set was scaled to a proportion of the full point value as follows: P = S*V/M, where P is the final number of points the bank received for that result set, S is that bank’s underlying score in the result set, V is the full point value for the result set, and M is the maximum underlying score that any bank received in the result set. The points for the bank in each result set are then summed to produce that bank’s standing in the category
For further information, please contact Andrew Newby at anewby@euromoneyplc.com
