The results of the Global Custodian 23rd annual Agent Banks in Major Markets Survey are released online today.
This year BNP Paribas Madrid set a record in the survey by collecting its 20th consecutive Top Rating. And in another first of the survey, Euroclear outscored rival ICSD Clearstream, pulling ahead for the Leading Client category. Clearstream, however, still retained its lead for cross-border clients as whole. In all the survey covered 49 separate service providers in 26 markets and as ICSDs, based on 3,961 authenticated responses.
Since its inception, the survey has sought to measure client perceptions regarding the quality of the clearing and settlement and asset-servicing duties of their agent banks. Results are measured across three client segments: Leading, Cross-Border/Non-Affiliated (CB/NA) and Domestic.