centage of total
Figure 4: Size of respondent Percentage of total
FIGURE
3: TYPE OF RESPONDENT
Type of respondent
4.9
Up to US$100 million
34.1
16.7
$100-500 million
18.8
30.2
$500-1000 million
5.8
10.5
$1-5 billion
10.9
11.7
$5-10 billion
8.7
25.9
>$10 billion
21.7
100.0
|
I N D I A ]
FIGURE
4: SIZE OF RESPONDENT
Size of respondent
Broker/dealer
Broker/dealer
Insurance company
Insurance
company
Asset manager
Asset
manager
Mutual fund manager
Mutual
fund manager
Pension fund
Pension
fund Up Up to US$100 million
to US$100 million
$100-500 million
$100-500
million
$500-1000 million
$500-1000
million
$1-5 $1-5 billion
billion
$5-10 billion
$5-10
billion
Other
Other >$10 billion
>$10
billion
regulator, SEBI, Stock Exchanges, Depositories etc.,” says one
service provider.
Survey results
This year marks the third Survey of domestic custody services
in India. The very high standards set in the inaugural survey of
2015 have again been maintained. Indeed, 2017 aggregate scores
are higher in all service categories apart from Fund Accounting
and Valuation.
Figure 1 shows the average scores across the survey in each of
the ten service categories. Relationship Management and Client
Service has registered the highest increase, up 0.23 points to
6.57, among the highest average category scores in any of Global
Custodian’s surveys. Pleasingly for local service providers in the
current climate, the market as a whole scores highly for Reputa-
tion and Asset Safety, the best scoring category at 6.58, maintain-
ing last year’s impressive results.
At an individual question level, the highest score – 6.60 – is
“There is no question that India has the
potential to get into double-digit growth in
very short order.”
MARK MOBIUS, EXECUTIVE CHAIRMAN, TEMPLETON
EMERGING MARKETS GROUP, SINGAPORE.
recorded for commitment to the custody and securities servicing
business, followed by timeliness of resolution of failed trades
(6.58). Even the lowest scoring question, quality of shareholder
record ke