The Debt Poll of Polls: Secondary markets

The debt poll of polls

Results

Overall

Primary markets

Investment grade debt

Advisory services

Methodology 

The Debt Poll of Polls was compiled using the following Euromoney polls published in 2007:

Fixed income research survey (April issue), Primary debt poll(June issue), Structured credit poll (August issue), Debt trading poll (November issue).

Each of the result sets used from these four polls was assigned a value of five points. The top-scoring bank in each of these result sets received the full-point five-point value for that result set. Each other 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 were then summed to produce that bank’s standing in the category. The following categories were used:

Fixed income research: best investment grade research overall; best high-yield research overall

Primary debt: best by currency (five currencies); best by product (seven categories); best service provision (10 categories)

Structured credit: deal modelling; integration of structured and vanilla debt services; liquidity provision; most comprehensive portfolio information; most innovative; most trusted and knowledgeable sales force; online price discovery capabilities; online trading capabilities; pricing; product explanations; research; restructuring; revaluations; structured credit products and services; support for products; tailor-made solutions

Debt trading: best liquidity provision for (a) investment grade – corporate, credit indices, asset-backed, banks and other financial institutions; (b) high yield – corporates, indices; (c) CDS – investment grade, high yield; (d) AAA-rated, government and supranational; (e) single dealer platform; (f) multi-dealer platform; (g) market share (h) credit derivative indices (seven indices)