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Intesa Sanpaolo
This year , Intesa Sanpaolo tells Global
Custodian it has been focusing on “ offering a range of innovative , customised , integrated solutions for custody , securities administration , settlement and clearing of the securities operations ”. The provider is currently a participant in Cassa di Compensazione e Garanzia – the Italian CCP – for equities and bond sections and is a direct participant ( DCP ) in T2S for the Italian , German and ESES ( France , Belgium and the Netherlands ) markets . This offers the provider significant advantages when it comes to position clearing routines , flexible pricing structures and reconciliation of transactions , captured from the market , as well as many others . Intesa Sanpaolo sits comfortably above the global average at 5.91 , at the top end of the Good range . With a handful of categories in the Very Good range , it is Relationship Management which has the highest score at 6.33 . Intesa Sanpaolo has
Standard Chartered Bank
With the highest score within the multi-market providers this year , Standard Chartered Bank have an average overall score of 6.22 , with all bar two categories sitting within the Very Good Range ( 6.00 – 6.99 ). Even then , Pricing and Securities Lending have been rated 5.95 and 5.94 respectively , just off the Very Good mark and comfortably ahead of the global averages for those categories . Account Management received the highest score ( 6.61 ), 78 basis points above the global average . Technology , with a score of 6.18 , has the greatest difference ahead of the global average , beating it by 86 basis points . It will come as little surprise then that 53 % of SCB ’ s clients have rated their provider as Excellent , with a further 39 % rating it as Very Good or Good . One accompanying comment points to the great work being done by the bank , noting : “ It is not considered a service provider to us , but a business partner
outperformed the global average in every category , with the exception of Liquidity Management ( 5.35 ). Even then , this category is only 6 basis points below the average .
that we would like to continue building relationships with in the future .”
With almost three quarters ( 74 %) of clients rating Intesa Sanpaolo as Excellent or Very Good this is an impressive performance from the provider .
92 Global Custodian Fall 2024