FinanceAsia Local Currency Bond Poll

Please complete this confidential survey of investors that are active in their domestic currency debt market.
August 14, 2001
FinanceAsia Local Currency Bond Poll

A. Contact Details

Please complete this information, we need it to track replies. Thank you.

Name.

Company.
Email.
Title.
Country.

B. Portfolio Mandate

Results from this section will be used to determine the monetary value and market share of the local debt market contributed by domestic fixed-income investors.

1. Please circle the approximate figure in US$ millions for the total portfolio that you manage.
Choose one:

Under US$10
US$11-50
US$51-100
US$101-150
US$151-250
US$251-500
US$501-1 billion
Over US$ 1 billion

2. What percentage of this portfolio is invested in domestic government bonds?
Choose one:

Less than 10%
10-19%
20-29%
30-39%
40-49%
over 50%

3. What percentage of the portfolio that you direct is invested in domestic corporate bonds?
Choose one:

Less than 10%
10-19%
20-29%
30-39%
40-49%
over 50%

4. What percentage of the portfolio that you direct is invested in non-domestic, regional (ex-Japan) government and corporate fixed-income?
Choose one:

None
Less than 5%
6-10%
11-15%
15-25%
over 25%

5. What percentage of this non-domestic, regional (ex-Japan) government and corporate fixed income is denominated in hard currency?
Choose one:

None
Less than 25%
25-50%
51-75%
76-95%
All

6. Please rank the top three regional markets (include your own domestic market) where you are most heavily invested. Please consider both government and corporate fixed-income holdings.

First
Second
Third

C. Bank Relationships and Service Quality

7. Which three banks, in rank order, provide the best individual corporate credit research?
First
Second

Third

8. Which three banks, in rank order, provide the best macroeconomic research?
First
Second

Third

9. Which three banks, in rank order, do you use most for new domestic currency issues?
First
Second

Third

10. Which three banks, in rank order, provide the best pricing in the secondary market for local currency bonds?
First
Second

Third

11. What are the best three foreign banks in secondary local-currency bond issues?
First
Second

Third

12. What are the best three local banks in the secondary local-currency bond issues?
First
Second

Third

13. Which bank is best overall in the local currency debt market in terms of origination, sales and trading?

Best Overall Bank

14. Which bank is best overall for primary domestic-currency issues?

Best Primary Domestic Currency

D. Local Debt Market Development

15. Please rate the depth of liquidity in the local currency debt market.
1 - Excellent
2 3 4 5 - Poor

16. Please rate the quality of documentation for local currency debt.

1 - Excellent 2 3 4 5 - Poor

17. How well does the Government/Regulator support the development of a local currency debt market?

1 - Excellent 2 3 4 5 - Poor

18. Please rate the development of new products in the local debt market.

1 - Excellent 2 3 4 5 - Poor

19. Please rate the availability of hedging instruments.

1 - Excellent 2 3 4 5 - Poor

20. Please rate the quality of information/transparency provided by issuers.

1 - Excellent 2 3 4 5 - Poor

21. Is your government's strategy to develop the local bond market effective? Are you satisfied with the pace of this strategy? What additional measures or changes are needed to boost the local debt market?
Please explain:

Review

A. Contact Details

B. Portfolio Mandate

C. Bank Relationships and Service Quality

D. Local Debt Market Development


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