ASIA MARKET LEADERS (excluding short-dated swaps)
Asia Pacific |
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| Rank 2021 | Rank 2020 | Counterparty | Market share % |
| 1 | 1 | UBS | 13.31% |
| 2 | 5 | Deutsche Bank | 12.21% |
| 3 | 4 | Citi | 9.38% |
| 4 | 2 | JPMorgan | 9.23% |
| 5 | 6 | HSBC | 7.83% |
| 6 | 3 | Bank of America | 7.12% |
| 7 | 10 | Barclays | 4.88% |
| 8 | 7 | Goldman Sachs | 4.82% |
| 9 | 11 | State Street | 4.58% |
| 10 | 14 | Credit Suisse | 3.56% |
Australia |
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| Rank 2021 | Rank 2020 | Counterparty | Market share % |
| 1 | 3 | HSBC | 30.85% |
| 2 | 2 | UBS | 12.55% |
| 3 | 1 | XTX Markets | 7.65% |
| 4 | 5 | Citi | 7.59% |
| 5 | 6 | JPMorgan | 6.38% |
China |
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| Rank 2021 | Rank 2020 | Counterparty | Market share % |
| 1 | 10 | Deutsche Bank | 34.44% |
| 2 | 1 | Bank of New York Mellon | 27.18% |
| 3 | 11 | Societe Generale | 12.42% |
| 4 | 9 | BNP Paribas | 7.64% |
| 5 | 2 | Bank of America | 7.60% |
Hong Kong SAR |
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| Rank 2021 | Rank 2020 | Counterparty | Market share % |
| 1 | 2 | Bank of America | 27.79% |
| 2 | 1 | HSBC | 23.12% |
| 3 | 8 | Deutsche Bank | 10.06% |
| 4 | 4 | UBS | 7.88% |
| 5 | 5 | Barclays | 5.11% |
India |
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| Rank 2021 | Rank 2020 | Counterparty | Market share % |
| 1 | 22 | IndusInd Bank | 18.76% |
| 2 | 4 | Standard Chartered | 18.17% |
| 3 | 1 | Deutsche Bank | 16.85% |
| 4 | 5 | HSBC | 5.35% |
| 5 | 11 | JPMorgan | 5.30% |
Indonesia |
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| Rank 2021 | Rank 2020 | Counterparty | Market share % |
| 1 | 12 | Standard Chartered | 31.83% |
| 2 | 8 | Deutsche Bank | 24.53% |
| 3 | 6 | HSBC | 13.84% |
| 4 | 5 | DBS Bank | 11.13% |
| 5 | 13 | Citi | 10.36% |
Japan |
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| Rank 2021 | Rank 2020 | Counterparty | Market share % |
| 1 | 1 | UBS | 13.89% |
| 2 | 7 | Deutsche Bank | 12.88% |
| 3 | 2 | Citi | 11.71% |
| 4 | 3 | JPMorgan | 9.82% |
| 5 | 5 | Bank of America | 6.57% |
Malaysia |
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| Rank 2021 | Rank 2020 | Counterparty | Market share % |
| 1 | 1 | Deutsche Bank | 38.74% |
| 2 | 4 | Maybank | 16.69% |
| 3 | 13 | Macquarie Bank | 12.81% |
| 4 | 2 | CIMB | 12.59% |
| 5 | 13 | State Street | 5.98% |
New Zealand |
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| Rank 2021 | Rank 2020 | Counterparty | Market share % |
| 1 | 1 | Deutsche Bank | 71.83% |
| 2 | 2 | Barclays | 27.02% |
Philippines |
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| Rank 2021 | Rank 2020 | Counterparty | Market share % |
| 1 | 3 | JPMorgan | 35.22% |
| 2 | 21 | UBS | 18.79% |
| 3 | 4 | Standard Chartered | 11.56% |
| 4 | 17 | BNP Paribas | 11.09% |
| 5 | 6 | Citi | 3.81% |
Singapore |
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| Rank 2021 | Rank 2020 | Counterparty | Market share % |
| 1 | 2 | UBS | 21.66% |
| 2 | 1 | JPMorgan | 15.00% |
| 3 | 4 | Deutsche Bank | 12.19% |
| 4 | 10 | Bank of New York Mellon | 7.82% |
| 5 | 9 | HSBC | 7.57% |
South Korea |
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| Rank 2021 | Rank 2020 | Counterparty | Market share % |
| 1 | 1 | State Street | 42.12% |
| 2 | 12 | Deutsche Bank | 30.80% |
| 3 | 3 | HSBC | 8.85% |
| 4 | 14 | JPMorgan | 6.64% |
| 5 | 10 | Citi | 2.11% |
Taiwan |
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| Rank 2021 | Rank 2020 | Counterparty | Market share % |
| 1 | 1 | State Street | 43.08% |
| 2 | 2 | Bank of America | 32.88% |
| 3 | 17 | Deutsche Bank | 7.71% |
| 4 | 4 | Bank of New York Mellon | 3.70% |
| 5 | 8 | Cathay Financial Holding | 2.99% |
Thailand |
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| Rank 2021 | Rank 2020 | Counterparty | Market share % |
| 1 | 1 | State Street | 73.08% |
| 2 | 2 | Bank of America | 12.53% |
| 3 | 17 | Deutsche Bank | 5.36% |
| 4 | 8 | Kasikornbank | 4.47% |
| 5 | 6 | Siam Commercial Bank | 2.43% |