ASIA MARKET LEADERS (excluding short-dated swaps)
Asia Pacific
|
| Rank 2021 |
Rank 2020 |
Counterparty |
Market share % |
| 1 |
1 |
UBS |
13.31% |
| 2 |
5 |
Deutsche Bank |
12.21% |
| 3 |
4 |
Citi |
9.38% |
| 4 |
2 |
JPMorgan |
9.23% |
| 5 |
6 |
HSBC |
7.83% |
| 6 |
3 |
Bank of America |
7.12% |
| 7 |
10 |
Barclays |
4.88% |
| 8 |
7 |
Goldman Sachs |
4.82% |
| 9 |
11 |
State Street |
4.58% |
| 10 |
14 |
Credit Suisse |
3.56% |
| |
|
|
|
Australia
|
| Rank 2021 |
Rank 2020 |
Counterparty |
Market share % |
| 1 |
3 |
HSBC |
30.85% |
| 2 |
2 |
UBS |
12.55% |
| 3 |
1 |
XTX Markets |
7.65% |
| 4 |
5 |
Citi |
7.59% |
| 5 |
6 |
JPMorgan |
6.38% |
| |
|
|
|
China
|
| Rank 2021 |
Rank 2020 |
Counterparty |
Market share % |
| 1 |
10 |
Deutsche Bank |
34.44% |
| 2 |
1 |
Bank of New York Mellon |
27.18% |
| 3 |
11 |
Societe Generale |
12.42% |
| 4 |
9 |
BNP Paribas |
7.64% |
| 5 |
2 |
Bank of America |
7.60% |
| |
|
|
|
Hong Kong SAR
|
| Rank 2021 |
Rank 2020 |
Counterparty |
Market share % |
| 1 |
2 |
Bank of America |
27.79% |
| 2 |
1 |
HSBC |
23.12% |
| 3 |
8 |
Deutsche Bank |
10.06% |
| 4 |
4 |
UBS |
7.88% |
| 5 |
5 |
Barclays |
5.11% |
| |
|
|
|
India
|
| Rank 2021 |
Rank 2020 |
Counterparty |
Market share % |
| 1 |
22 |
IndusInd Bank |
18.76% |
| 2 |
4 |
Standard Chartered |
18.17% |
| 3 |
1 |
Deutsche Bank |
16.85% |
| 4 |
5 |
HSBC |
5.35% |
| 5 |
11 |
JPMorgan |
5.30% |
| |
|
|
|
Indonesia
|
| Rank 2021 |
Rank 2020 |
Counterparty |
Market share % |
| 1 |
12 |
Standard Chartered |
31.83% |
| 2 |
8 |
Deutsche Bank |
24.53% |
| 3 |
6 |
HSBC |
13.84% |
| 4 |
5 |
DBS Bank |
11.13% |
| 5 |
13 |
Citi |
10.36% |
| |
|
|
|
Japan
|
| Rank 2021 |
Rank 2020 |
Counterparty |
Market share % |
| 1 |
1 |
UBS |
13.89% |
| 2 |
7 |
Deutsche Bank |
12.88% |
| 3 |
2 |
Citi |
11.71% |
| 4 |
3 |
JPMorgan |
9.82% |
| 5 |
5 |
Bank of America |
6.57% |
| |
|
|
|
Malaysia
|
| Rank 2021 |
Rank 2020 |
Counterparty |
Market share % |
| 1 |
1 |
Deutsche Bank |
38.74% |
| 2 |
4 |
Maybank |
16.69% |
| 3 |
13 |
Macquarie Bank |
12.81% |
| 4 |
2 |
CIMB |
12.59% |
| 5 |
13 |
State Street |
5.98% |
| |
|
|
|
| |
|
|
|
New Zealand
|
| Rank 2021 |
Rank 2020 |
Counterparty |
Market share % |
| 1 |
1 |
Deutsche Bank |
71.83% |
| 2 |
2 |
Barclays |
27.02% |
| |
|
|
|
Philippines
|
| Rank 2021 |
Rank 2020 |
Counterparty |
Market share % |
| 1 |
3 |
JPMorgan |
35.22% |
| 2 |
21 |
UBS |
18.79% |
| 3 |
4 |
Standard Chartered |
11.56% |
| 4 |
17 |
BNP Paribas |
11.09% |
| 5 |
6 |
Citi |
3.81% |
| |
|
|
|
Singapore
|
| Rank 2021 |
Rank 2020 |
Counterparty |
Market share % |
| 1 |
2 |
UBS |
21.66% |
| 2 |
1 |
JPMorgan |
15.00% |
| 3 |
4 |
Deutsche Bank |
12.19% |
| 4 |
10 |
Bank of New York Mellon |
7.82% |
| 5 |
9 |
HSBC |
7.57% |
| |
|
|
|
South Korea
|
| Rank 2021 |
Rank 2020 |
Counterparty |
Market share % |
| 1 |
1 |
State Street |
42.12% |
| 2 |
12 |
Deutsche Bank |
30.80% |
| 3 |
3 |
HSBC |
8.85% |
| 4 |
14 |
JPMorgan |
6.64% |
| 5 |
10 |
Citi |
2.11% |
| |
|
|
|
Taiwan
|
| Rank 2021 |
Rank 2020 |
Counterparty |
Market share % |
| 1 |
1 |
State Street |
43.08% |
| 2 |
2 |
Bank of America |
32.88% |
| 3 |
17 |
Deutsche Bank |
7.71% |
| 4 |
4 |
Bank of New York Mellon |
3.70% |
| 5 |
8 |
Cathay Financial Holding |
2.99% |
| |
|
|
|
Thailand
|
| Rank 2021 |
Rank 2020 |
Counterparty |
Market share % |
| 1 |
1 |
State Street |
73.08% |
| 2 |
2 |
Bank of America |
12.53% |
| 3 |
17 |
Deutsche Bank |
5.36% |
| 4 |
8 |
Kasikornbank |
4.47% |
| 5 |
6 |
Siam Commercial Bank |
2.43% |
| |
|
|
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