Tri-party survey LIVE
Respondents are required to rate their tri-party agents across 15 service categories on a scale of 1 to 7, where 1 is unacceptable and 7 is excellent. Respondents are also invited to answer questions about their own tri-party requirements.
Respondents will be able to fill out the survey HERE
METHODOLOGY
Unweighted tables
To calculate unweighted tables, a simple average of all relevant responses for each tri-party agent is generated to create a score.
Weighted tables
Respondents are required to rank 15 service categories in order of importance. The rankings of all respondents are then combined to create weightings for each service category.
The more important a category is considered, on average, by all respondents, the greater the weighting. Therefore, tri-party agents that score highly in the service categories considered most important by respondents will obtain a higher weighted score.
These weightings are normalised around 1 (between 0 and 2) to preserve comparability with unweighted scores. A firm’s unweighted score for a particular category is multiplied by the weighting for that category to create its weighted score.
Tables:
The following tables will be calculated:
Global table
Tri-party agents must receive minimum of 12 responses globally and must qualify in two regions to qualify. Weighted and unweighted tables are generated.
Regional overall tables
To qualify in each of the three regions tri-party agents need a
minimum number of responses (across repo, securities lending and other
collateral management respondents). The respondent’s location (not the
tri-party agent’s) defines where the response is allocated. Weighted and unweighted
tables are generated. The minimum number of responses for each region are as
follows:
·
Emea: 7 responses
·
Americas: 7 responses
· Asia Pacific: 5 responses
Global repo table
Repo respondent’s scores are averaged to give a score for each qualifying agent. A minimum of five responses is required to qualify globally. Weighted and unweighted tables are generated.
Global securities lending table
Securities lending respondent’s scores are averaged for each qualifying agent. A minimum of five responses is required to qualify. Weighted and unweighted tables are generated.
Global other collateral management table
Other collateral management refers to all activities that are not covered by securities lending or repo. This includes but is not limited to: CSA activities (e.g. OTC derivatives); bespoke credit agreements; central bank access; and CCP access. Scores are averaged for each qualifying agent. A minimum of five responses is required to qualify. Weighted and unweighted tables are generated.
Global service
categories
Tables are generated for each of the 15 service categories. These tables include all respondents’ scores, globally, and for repo, securities lending and other. Tri-party agents must receive a minimum of 12 responses globally and must qualify in two regional tables to qualify. Only unweighted tables are generated.
Service categories
Respondents are asked to rate their tri-party agents across
the following 15 service categories:
• Ability to create bespoke schedules
• Ability to manage equities as collateral
• Access to counterparties
• Accuracy of margin calls
• Breadth of market coverage
• Breadth of supported eligibility criteria
• Collateral re-use/re-hypothecation
• Dividend collection
• Implementation of collateral sets/schedules
• Level of STP offered
• Quality of client service
• Quality of reporting/client Interface
• Quality of static data
• Substitution capability
• Innovation
Qualification
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you