The Euromoney bond traders' poll 1996

The poll results are based on replies received from 41 Eurobond and government bond traders. Voters were asked to name the three top houses in each category. Three points were awarded for a first place, two for a second and one for a third.

In the overall tables, the following weightings were applied to banks' scores to reflect the variation in size and importance of the various Eurobond and government-bond markets: Eurobonds: weighted by turnover as reported by Euroclear and Cedel for 1995 and 1996 to date, and by volume of outstanding Eurobonds in each currency (source: Euromoney Bondware). Government bonds: weighted by Salomon Brothers World Government Bond Index.

To appear in the overall rankings a bank must have been nominated in at least four categories.

Voters were requested not to nominate their own institutions. This meant that it became an advantage for an institution not to take part in the survey (thereby not having to vote for anyone else). Of those institutions which feature prominently in the rankings, BNP, JP Morgan and Goldman Sachs declined to vote. Their scores have accordingly been reduced by 10% in each category.