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AGENCE FRANCE TRESOR is tasked with managing the government debt and cash positions under the most secure conditions in the interest of the taxpayer.
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27/01/2011 : League table 2010 of the most active primary dealers (SVT)  

Overall Ranking: the most active SVTs in 2010
100 points are allocated to all 19 SVTs active in 2010, with a weighting of 40 for participation in auctions, 30 for presence in the secondary market and 30 for qualitative characteristics. On this basis, the institutions that have obtained a score above the theoretical average of 5.26 points (i.e. 100 points divided by 19 primary dealers) for 2010 are as follows, in descending order: 
1 BNP Paribas
2 Barclays Capital
3 Société Générale
4ex HSBC
4ex Royal Bank of Scotland
6 Crédit Agricole
7 Deutsche Bank
8ex JP Morgan
8ex Citigroup
10 UBS


Primary, secondary and qualitative rankings
For the participation in auctions and buybacks, the institutions which obtain an above-average score according to this criterion are:
1 BNP Paribas
2 Barclays Capital
3 Société Générale
4 HSBC
5 Crédit Agricole
6 Royal Bank of Scotland
7 Citigroup
8 Deutsche Bank
9 Natixis


For activity in the secondary market, the institutions which obtain an above-average score according to this criterion are:
1 Barclays Capital
2 BNP Paribas
3 Royal Bank of Scotland
4 Société Générale
5 HSBC
6 Crédit Agricole
7 JP Morgan  

Finally, for the quality of services provided as primary dealers, the institutions which obtain an above-average score according to this criterion are:
1ex Société Générale
1ex BNP Paribas
1ex Barclays Capital
4ex Royal Bank of Scotland
4ex Deutsche Bank
4ex HSBC
7ex UBS
7ex Crédit Agricole
9ex Morgan Stanley
9ex Crédit Suisse
9ex Natixis


Each year, since 1999, the league table of the most active primary dealers in French government securities (SVTs) is published. The 2010 league table is the second based on the new SVT charter, published in June 2009. The assessment of SVT activity takes into account all aspects of their role: participation in auctions and, with a smaller weighting, presence in the secondary market, as well as the qualitative characteristics of their commercial relationship with AFT, including the extent of the institutions' presence in Paris. 



Press contact:
Pierre Salaun
+33 1 4004 1550
+33 6 7224 0388

 

 





MAJ : 27 Jan. 2011