INTRODUCTION
Worthy of particular mention are lender Investors Bank & Trust, which tops a key table for the first time in the survey's history, and borrower UBS which is finally breaking the duopoly of Morgan Stanley and Goldman Sachs.
METHODOLOGY
Click here to view methodology
RESULTS
There are some happy offices in Boston, Chicago and Zurich. Perhaps less so in London and New York.
Borrowers rating lender WEIGHTED
2005
Bank
Score
1
Investors Bank & Trust
296.33
2
Northern Trust
266.50
3
Boston Global Advisors
265.84
4
Credit Suisse Group
262.20
5
Bank of Ireland Securities Services
257.27
6
Robeco
246.88
7
Brown Brothers Harriman
246.06
8
State Street
245.61
9
Barclays Global Investors
243.37
10
HSBC
236.59
Borrowers rating lender UNWEIGHTED
2005
Bank
Score
1
Northern Trust
82.54
2
State Street
81.03
3
Credit Suisse Group
79.66
4
Robeco
76.75
5
HSBC
75.08
6
Barclays Global Investors
74.35
7
Boston Global Advisors
73.38
8
CIBC Mellon
72.73
9
UBS AG
72.52
10
Bank of Ireland Securities Services
72.50
Lenders rating borrower WEIGHTED
2005
Bank
Score
1
UBS AG
160.69
2
JPMorgan
160.14
3
Morgan Stanley
153.41
4
Goldman Sachs
149.69
5
Nomura
146.28
6
Deutsche Bank
143.19
7
Citi
139.92
8
BNP Paribas
138.96
9
Bank of America
138.86
10
Merrill Lynch
137.26
Lenders rating borrower UNWEIGHTED
2005
Bank
Score
1
Morgan Stanley
83.81
2
Goldman Sachs
79.79
3
UBS AG
76.79
4
Deutsche Bank
73.85
5
Lehman Brothers
72.67
6
Citi
69.85
7
Merrill Lynch
68.40
8
Barclays Capital
67.80
9
Credit Suisse Group
67.26
10
Dresdner
66.29
CONCLUSIONS
The full survey write-up includes additional comment, charts based on various weighted scores and also 28 detailed charts depicting results across the geographical regions and scores for each individual service category. There is also a special recognition award for the individual who has contributed the most to securities finance over the past 15 years.
As a taster of the full survey write-up, can you guess which banks the following quotes describe?
"Relationships not a priority" "Poor feeds in connectivity" "Coupon payments often late" "Asia desk works in silo" "No global management"
The above is our standard listing
We are pleased to bring you this extract as part of our free resources