THE ASIAN CURRENCY BOND
BENCHMARK SURVEY 2012
PHILIPPINE PESO BONDS
1. WHICH ARE THE BEST BANKS IN PHILIPPINE PESO BONDS AND WHICH SERVICES ARE THE MOST
IMPORTANT TO YOU WHEN CHOOSING YOUR COUNTERPARTIES FOR SECONDARY MARKET TRADES?
2. NAME THE BEST
BANKS FOR EACH
SERVICE YOU VALUE
WHICH SERVICES ARE
IMPORTANT IN YOUR
SELECTION OF
1. RATE THE SERVICES
COUNTERPARTIES?
E = ESSENTIAL
U = USEFUL
M = MARGINAL
1ST BANK
2ND BANK
3RD BANK
X = NOT AT ALL
MACROECONOMIC RESEARCH
CREDIT RESEARCH
GOVERNMENT BONDS AND
RATES RESEARCH
DERIVATIVES & STRUCTURED
PRODUCT SOLUTIONS
PRICING
SALES SERVICE
CORPORATE PRIMARY ISSUES –
QUALITY AND NUMBER
GOVERNMENT PRIMARY ISSUES –
ACCESS TO ACCEPTABLE NUMBER
AND QUALITY OF ISSUES
TRADE IDEAS FROM
SALES/TRADING TEAMS
BOND INVENTORY/ABILITY TO
SOURCE BONDS QUICKLY
RELATIONSHIP WITH BANK
BACK OFFICE EFFICIENCY
ASIAN CURRENCY BOND BENCHMARK SURVEY 2012
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SETTING THE STANDARD
2. SECONDARY MARKET TRADING. IN TERMS OF YOUR TOTAL TRADES EXECUTED IN PHILIPPINE PESO BONDS
OVER THE PAST YEAR, WHICH ARE YOUR TIER 1, TIER 2 AND TIER 3 COUNTERPARTIES IN THE SECONDARY
MARKET?
CORPORATE BONDS AND COMMERCIAL PAPER
GOVERNMENT BONDS
INDICATE YOUR TIER 1, 2 OR 3 BANKS.
INDICATE YOUR TIER 1, 2 OR 3 BANKS.
NB: TIER 1 IS THE TOP TIER
NB: TIER 1 IS THE TOP TIER
BANCO DE ORO
BPI
CHINA BANKING
CITI
DEUTSCHE BANK
EQUITABLE PCI
HSBC
ING
JPMORGAN
LAND BANK
METROBANK
NOMURA
RCBC
STANDARD CHARTERED
SECURITY BANK
UNION BANK
OTHER (PLEASE NAME)
SECONDARY MARKET TRADES
CORPORATE BONDS /CP
GOVERNMENT BONDS
WHAT PROPORTION OF TRADES WITH YOUR TIER 1 GROUP OF BANKS?
%
%
WHAT PROPORTION OF TRADES WITH YOUR TIER 2 GROUP OF BANKS?
%
%
WHAT PROPORTION OF TRADES WITH YOUR TIER 3 GROUP OF BANKS?
%
%
ASIAN CURRENCY BOND BENCHMARK SURVEY 2012
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SETTING THE STANDARD
3. YOUR LOCAL CURRENCY BOND PORTFOLIO PROFILE - 1
ASSETS UNDER MANAGEMENT. WHAT IS THE TOTAL VALUE OF YOUR PHILIPPINE PESO BOND
PORTFOLIO IN PHP AND USD EQUIVALENT?
TURNOVER. WHAT IS THE TOTAL ANNUAL SECONDARY MARKET TURNOVER OF YOUR
PHILIPPINE PESO BOND PORTFOLIO IN USD EQUIVALENT?
PHP MIO
USD MIO
USD MIO
TRANSACTIONS. HOW MANY SECONDARY MARKET TRANSACTIONS DO YOU EXECUTE ON
AVERAGE EVERY MONTH?
PRIMARY BOND ISSUES. WHAT WAS THE TOTAL VALUE OF PRIMARY BOND ISSUES IN
PHILIPPINE PESO YOU SUBSCRIBED TO IN 2011?
USD MIO
HOW MANY PRIMARY BOND ISSUES IN PHILIPPINE PESO DID YOU SUBSCRIBE TO IN 2011?
4. YOUR LOCAL CURRENCY BOND PORTFOLIO PROFILE - 2
%
WHAT IS THE PROPORTION OF CORPORATE BONDS IN YOUR PORTFOLIO?
HOW MANY CREDITS (INDIVIDUAL ISSUERS) DO YOU HAVE IN YOUR PHILIPPINE PESO BOND PORTFOLIO?
WHAT IS THE TARGETED AVERAGE DURATION OF BONDS IN YOUR PORTFOLIO IN 2012? (YEARS)
WHAT IS THE NOTIONAL VALUE OF THE STRUCTURED PRODUCTS IN YOUR PORTFOLIO (PHP MIO)
5. ISSUERS. WHICH ARE THE BEST ISSUERS IN THE PHILIPPINES? USING THE CRITERIA THAT ARE IMPORTANT
TO YOU AS AN INVESTOR (E.G. CREDIT WORTHINESS, CORPORATE GOVERNANCE, TRACK RECORD, LIQUIDITY
OF BONDS ETC.)?
WHICH ARE THE BEST ISSUERS?
1.
2.
3.
6. BEST BANK INDIVIDUALS. WHO ARE THE BEST SELLSIDE INDIVIDUALS IN PHILIPPINE PESO BONDS
NAME
BANK
FUNCTION (EG TRADER,
SALESPERSON, ANALYST,
ECONOMIST)
CONTACT TELEPHONE
NUMBER
E-MAIL
NOTE: ALL NOMINATIONS ARE STRICTLY CONFIDENTIAL. ALL NOMINATED SELLSIDE INDIVIDUALS WILL BE INVITED TO VOTE FOR THEIR
ASTUTE INVESTORS
ASIAN CURRENCY BOND BENCHMARK SURVEY 2012
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SETTING THE STANDARD
7. YOUR PRODUCT NEEDS. WHICH PRODUCTS ARE YOU INVESTING IN OR PLANNING TO INVEST IN?
WHICH OTHER PRODUCTS ARE YOU PLANNING TO INVEST IN, OR
ALREADY INVESTING IN?
ASSESSING
ALREADY
INVESTING
BEST BANK?
ASIAN LOCAL CURRENCY BONDS EX PHP
NON ASIAN BONDS
CREDIT DERIVATIVES
INTEREST RATE DERIVATIVES
OTHER
PLEASE SPECIFY
8. RESPONDENT DETAILS
NAME
INSTITUTION TYPE
INSTITUTION
 TRUST DEPARTMENT OF BANK
 ASSET MANAGER
 PENSION FUND
 COMMERCIAL BANK/CONSUMER BANK
 INSURANCE COMPANY
 HEDGE FUND/ABSOLUTE RETURN FUND
WOULD YOU BE INTERESTED TO ATTEND THE ASSET’S BOND SUMMIT?
WOULD YOU LIKE A TRIAL SUBSCRIPTION TO THE ASSET MAGAZINE
That completes our survey, thank you very much for your participation
ASIAN CURRENCY BOND BENCHMARK SURVEY 2012
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SETTING THE STANDARD