Buy-Side Group Pursues Digitized Swap Confirms

  • 30 Aug 2003
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The Asset Managers Forum is studying ways to automate swap confirms to recommend a best practice to its members. "The most pain and risk in swaps is the confirm process," said George Hall, v.p. at Goldman Sachs Asset Management and a co-chair of the AMF's swaps committee.

The documents for confirms are manual, sometimes they require several pages and must be delivered to several firms for agreement and signatures. Andrew Cross, attorney at Reed Smith and a committee member, said, "The paper thing is bad. But it is what we live with every day."

  • 30 Aug 2003

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 29,333.03 101 7.94%
2 JPMorgan 27,208.83 91 7.37%
3 Barclays 23,714.00 55 6.42%
4 Bank of America Merrill Lynch 20,332.10 65 5.50%
5 Goldman Sachs 20,005.21 49 5.42%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 48,528.41 214 6.32%
2 Deutsche Bank 44,075.51 161 5.74%
3 BNP Paribas 41,452.79 240 5.40%
4 JPMorgan 37,278.65 134 4.85%
5 SG Corporate & Investment Banking 36,258.27 187 4.72%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 Goldman Sachs 1,607.28 5 23.24%
2 Credit Suisse 1,301.65 4 18.82%
3 UBS 970.80 3 14.04%
4 BNP Paribas 522.35 4 7.55%
5 SG Corporate & Investment Banking 444.17 3 6.42%