SRP League Tables: 6,000 Deals YTD on Structured Products

At the request of the Structured Products Association, structuredretailproducts.com has provided a summary of the structured products deals done year-to-date. The survey contained several surprises:

::: Despite market conditions, the number of deals done in the first three quarters is just under 6,000 (total = 5,942).

::: SRP now counts 75 issuers of structured products in the United States, with new regional banks coming into the structured CD market.

::: The Top Three players accounted for 48% of all new deals -- nearly half the market of issuances (Barclays, JPMorgan and ABNAmro/Royal Bank of Scotland). On a monthly basis, Barclays is averaging over 130 deals; JPMorgan, 80; ABNAmro, 75.

::: The Top 20 players accounted for 4,953 deals, or 84% of all new deals done. The remaining 55 issuers only accounted for the remaining 16% of deals.

::: Lehman Brothers continues to remain in the Top 5 issuers of structured products even though it is no longer in the business.

The following league table was provided by structuredretailproducts.com. For a free 14-day trial, please click here.

SRP Structured Products League Tables
(by number of deals)
through October 15, 2008

Issuer ................................Deals ..... % of Mkt
Barclays Bank ......................1274 ........21%
JPMorgan Chase ..................804 ........14%
ABN Amro Bank ...................748 ........13%
HSBC Bank ............................322 .........5%
Lehman Brothers .................247 ..........4%
Morgan Stanley ....................244 ..........4%
Eksportfinans ........................225 .........4%
UBS .........................................193 ..........3%
Deutsche Bank .......................182 .........3%
Credit Suisse ..........................126 .........2%
Merrill Lynch .........................125 .........2%
Goldman Sachs...................... 104 .........2%
Citigroup ...................................92 .........2%
Fortis Bank ...............................76 .........1%
Swedish Export ........................66 .........1%
SG Str Pdts ...............................61 .........1%
Bank of America .......................39 .........1%
Bear Stearns .............................25 .........1%

TOTAL of Top 20 Issuers
4953 deals . . . . 84% of overall issuance.