StanChart bests the rest for coporates derivatives in Asia

Corporates operating in the Asia-Pacific region have faced dramatic increases in many domestic currencies versus the US dollar, and large disparities between domestic and developed world interest rates during the past 12 months. Against this backdrop Standard Chartered topped Asia Risk’s corporate derivatives rankings with HSBC coming second and Citi third.

Leading dealers in Asia have reported a bumper year for corporate derivatives trading during the past 12 months, when the strength of Asian currencies relative to the US dollar remained a major theme. This reinforced the need for corporates with exchange exposures to actively manage their risks via hedging. Meanwhile, historically low interest rates in the US and elsewhere resulted in a number of entities harnessing their extensive foreign operations to reduce borrowing costs.

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