SCMB rated tops

Standard Corporate and Merchant Bank (SCMB) has been rated tops in eight out of 10 categories of the prestigious Risk magazine’s 2001 Global Derivatives Rankings survey.

This year’s rankings survey was the most comprehensive Risk has produced. More than 500 people at 105 principal and broking firms in the interbank market for over-the-counter derivatives took part in the survey.

Over the years, Risk’s Global Derivatives Rankings have proved an accurate reflection of trends in the interbank market.

Respondents were asked to nominate their top three banks in each category, as well as their preferred broker. The dealers were asked to base their choices on a counterparty’s ability to provide tight prices and provide access to liquidity, their market-making reliability and their ability to innovate and provide efficient and speedy transactions. Dealers were not allowed to vote for themselves.

SCMB was rated first in the following categories:

• Short-dated swaps (SA rand)
• Interest rates swaps 2-10 years (SA rand)
• Interest rate swaps 10+ years (SA rand)
• Interest rate caps/floors (SA rand)
• Repurchase agreements (SA rand)
• Cross currency swaps (US$/SA rand)
• Currency forwards (SA rand)
• Forward rate agreements (SA rand)

For more information contact:
Brad Koen, Director and head of Treasury, SCMB: (011) 636 2400