Hi,How would you rank the following banks for interest rate der. and credit der.?CSFBUBSCommerzbankNomuraBNPParibasthank you

The following Institutional Investor rankings might be of interest to you:Best interest rate derivative products Swaps $ Rank 2003 2002 Firm 1 1 J.P. Morgan 2 4 Citigroup/Salomon Smith Barney 3 2 Morgan Stanley 4 5 Deutsche Bank 5 -- Banc of America Securities Euro Rank 2003 2002 Firm 1 1 Deutsche Bank 2 3 J.P. Morgan 3 -- Citigroup/Salomon Smith Barney 4 -- ABN Amro 5 -- UBS Warburg ¥* Rank 2003 Firm 1 J.P. Morgan Options $ Rank 2003 2002 Firm 1 1 J.P. Morgan 2 3 Citigroup/Salomon Smith Barney 3 -- Deutsche Bank 4 2 Goldman, Sachs & Co. 5 4 Morgan Stanley Euro* Rank 2003 Firm 1 Deutsche Bank 2 J.P. Morgan 3 UBS Warburg ¥* Rank 2003 Firm 1 J.P. Morgan Attributes of Service Pricing Rank 2003 2002 Firm 1 2 J.P. Morgan 2 3 Citigroup/Salomon Smith Barney 3 5 Deutsche Bank 4 1 Morgan Stanley Ability to do size** Rank 2003 Firm 1 J.P. Morgan 2 Citigroup/Salomon Smith Barney 3 Deutsche Bank 4 Morgan Stanley 5 Banc of America Securities Info flow and Research** Rank 2003 Firm 1 J.P. Morgan 2 Lehman Brothers 3 Citigroup/Salomon Smith Barney 4 Credit Suisse First Boston 5 Morgan Stanley Ideas and structuring** Rank 2003 Firm 1 J.P. Morgan 2 Lehman Brothers 3 Goldman, Sachs & Co. 4 Banc of America Securities 5 Citigroup/Salomon Smith Barney Back-office and posttrade service** Rank 2003 Firm 1 J.P. Morgan 2 Lehman Brothers 3 Banc of America Securities 4 Citigroup/Salomon Smith Barney Credit terms** Rank 2003 Firm 1 J.P. Morgan 2 Citigroup/Salomon Smith Barney 3 Morgan Stanley Overall Rank 2003 2002 Firm 1 1 J.P. Morgan 2 4 Citigroup/Salomon Smith Barney 3 5 Deutsche Bank 4 3 Morgan Stanley 5 -- Lehman Brothers * Insufficient response to publish results last year. ** New category. ---------------------------------------------------------------Best credit derivative products Single-name, investment-grade credit default swaps (U.S.)* Rank 2003 Firm 1 J.P. Morgan 2 Deutsche Bank 3 Morgan Stanley 4 Goldman, Sachs & Co. 5 Citigroup/Salomon Smith Barney Single-name, investment-grade credit default swaps (Europe)* Rank 2003 Firm 1 J.P. Morgan 2 Deutsche Bank Single-name, high-yield credit default swaps (U.S.)* Rank 2003 Firm 1 J.P. Morgan 2 Deutsche Bank 3 Goldman, Sachs & Co. Synthetic CDOs (U.S.)* Rank 2003 Firm 1 J.P. Morgan Attributes of Service Pricing Rank 2003 2002 Firm 1 2 J.P. Morgan 2 1 Deutsche Bank Ability to do size* Rank 2003 Firm 1 J.P. Morgan Market knowledge, information flow and research* Rank 2003 Firm 1 J.P. Morgan 2 Deutsche Bank 3 Morgan Stanley Ideas and structuring* Rank 2003 Firm 1 J.P. Morgan Credit terms* Rank 2003 Firm 1 Deutsche Bank 2 J.P. Morgan Overall** Rank 2003 2002 Firm 1 4 J.P. Morgan 2 2 Deutsche Bank 3 p Morgan Stanley 4 5 Goldman, Sachs & Co. 5 1 Merrill Lynch & Co. * New category. ** Every instrument category in credit derivatives was changed in 2003 survey.

Did II do any energy related rankings along the same lines? If so, could you please post? Thanks in advance!

Hi Guinnesshawk. II doesn't have an energy ranking that I am aware of.

OK thanks. It would have been interesting to contrast those ratings against those at www.eprm.com.They're pretty sad - Goldman (thru J Aron), MS, & BoA are the top 3 in pretty much every category

thanks