The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Best short-term debt house

Goldman Sachs

Several banks have strong short-term debt franchises. Deutsche Bank, for example, is very impressive in Europe, and Merrill Lynch does a lot of business in the US. But Goldman Sachs still has by far the most consistent commitment to the full range of short-term debt products on a global basis.

It has global outstandings of $180 billion in straight CP and was the number one ranked CP dealer on TradeWeb for the full year in 2003 and the first quarter of 2004.

?We?ve been fortunate in having been involved in some of the most innovative ideas this year,? says John Delaney, head of European money markets origination at Goldman Sachs. ?For instance, we worked on the introduction of extendible ABCP in the euro market in 2004 with a new extendible tranche of funding for ABN Amro. The extendible nature of the note means that the issuer can optimise its use of back-up liquidity. We?re also the only non-Japanese dealer on GECC?s ¥200 billion [$1.86 billion] Japanese CP programme and we have been effective in distributing those notes.?

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree