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In April 2002, the SGS Primary Dealers (PDs) peer evaluation was introduced as part of MAS' ongoing efforts to promote and enhance the efficiency, competitiveness and professionalism of the Singapore Government Securities (SGS) market. In this survey, Primary Dealers (PDs) are asked to rank other PDs according to the speed at which prices are quoted; the willingness to make markets; and the ability to provide competitive pricing.
This year, the results of this qualitative survey were combined with quantitative data in order to ensure a balanced, more informative evaluation of the PDs.
In the PD evaluation for the period July 2003 – June 2004, the top three PDs for outstanding performance in SGS outright and repo markets are listed in alphabetical order:
| Top 3 Primary Dealers |
| SGS Outright |
DBS Bank |
Deutsche Bank |
HSBC |
| SGS Repo |
OCBC Bank |
Standard Chartered Bank |
United Overseas Bank |
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