Documente Academic
Documente Profesional
Documente Cultură
! " #$ %"&#& ! %#$
! " #$ %"&#& ! %#$
%0#$"1#%"%) %*+ @rawing on the expertise of industry teams from the region, HSBC
offers specialist advice on mergers and acquisitions, privatisations,
equity capital raising and structured finance.
.1#%"$%2$& A leading provider offering the full range of domestic, regional and
%*#1#%"+ global solutions that include collections (Integrated Receivables
Solutions), disbursements (Integrated Payments Solutions) and
liquidity management (Liquidity Management Solutions), Electronic
Filing and Payment System for Philippine government Tax Payments,
accessible through HSBC¶s delivery channels, HSBCnet, HSBC
Connect, and B2G (Business to Government) E-Tax, with the ability to
integrate with companies¶ ERP platforms.
('3#/"%24'(" Strong expertise in project finance is provided.
%%/#+
#/-( " #$
#(0 /#$+ HSBC provides comprehensive global, regional and domestic fund
services including fund administration, global custody, corporate trust
and loan agency, and sub-custody settlement and services to the
international asset management industry. We are the leading choice of
global custodians, broker dealers and fund managers, and therefore
capture the largest share and trade settlement volume in the country.
(2#
#(0 /#$
-!. A wide range of import and export services and trade finance facilities.
& %+ It is also a pioneer in electronic banking solutions in the Philippines for
exporters and importers.
&#%0#$"1#%"%2%5($"(-/"-(#&!!#%*#
(#) %*"� / '-$/ (/!#
&#('/&+
'!#$
Private Sector:
1. Verifies project framework, bids;
2. Undertakes design, build, operation; and
3. Provides funding (debt and equity).
0'-(!# '/!-%2 %*%0 ('%1#%"
[
6
ë ë
Funding Considerations:
ë ë ë Source: 3 November, Bangko
' Historically low yields for fixed- Sentral ng Pilipinas
rate borrowers ëë
ëë
corporate paper
ëë
liquidity in the Philippines is high ëë ëë ëë ëë ëë ëë ëë ëë ëë ë ë
4
Jan pr Jul Oct Jan 9 pr 9 Jul 9 Oct 9 Jan pr Jul Oct
'-(/#$'52#"5 %%/#: !'/!
'-(/#$'52#"5 %%/# /'11#(/ ! %"#(%" '%!
US$ borrowing requires US$ Corporate Level : Up to 5 years Up to 5-7 years, with limited
revenue flows; limited capability #%'(
Project Finance : 10-12 years appetite for 10 years
for swaps
Limited local
#,- (#1#%"$;'%$"( %"$ booking / PHP FX risk, higher costs
Funding
'-(/#$'52#"5 %%/# $%2 !"#(!$
#,- (#1#%"$; @evelopment aspect Eligible content
@evelopment aspect
'%$"( %"$ pen tendering process Upfront premium
<(2$//'!2#$ '('("#%) %*& ! %#$
*".2(''<#( '
"#27=:9 &#%)#(<(2$:
#!$'5"#(@
( 0" >" '% ? % #2 %*! #%"$ `
*".2(''<#(
#$"
-:-$"'2 % & ! %#
( 0" >" '% #! %*
.$"#1
Philippines '!2 %*$
|lobal Investor Survey '('(" '%
Weighted Category, 2008 and
Asia Pacific Power Deal of the Year 2009 Top custody house for 2008-2009
Unweighted Category, 2009
HSBC acted as Mandated Lead Arranger,
Source Project Finance
ffshore International
Collateral Trustee, Accounts Source Global Investor Magazine Source P@S Group
Trustee
<(2$//'!2#$ |!'! ()#"$& ! %#$
mIn particular, the bank was able to deliver all-in financing packages for cross-border borrowers with bundled swaps, sometimes at levels inside
international funding costs. HSBC led 86 cross-border deals in local currencies worth $3.1 billion, which was more than three times the number
and almost twice the value of its closest rivals.
It ranked first in the Asian domestic currency league tables, top in the individual markets of Hong Kong, Indonesia, Malaysia, Philippines and
#$" '/! Singapore, and out-ranked its nearest competitor in six of the region¶s major markets. HSBC¶s diverse spread of business and its wide
-((#%/.'%2
'-$# geographical penetration defies any criticism that it relies too heavily on its natural Hong Kong home-base. In fact, it led local currency deals for
issuers from 21 different nations, with a range of structures«´
mIts emerging markets credentials were fully on display as it was engaged in the most significant theme of regional @CM in the year: the
emergence of domestic debt.
At a time when the US investment banks were finding it tough to survive, let alone compete, HSBC benefited from a flight to quality ± in terms of
counterparty risk appetite ± and an increase in business due to its stable and very local business model.
'1#$" /'%2 @eals in Malaysian ringgit from State Bank of India and in Thai baht from Kexim pay testament to the strength of its swap desks in those countries.
'-$#'5"#( It is the lubricant in the machine that enabled HSBC to offer a full range of funding options throughout Asia. In 2008, that combination proved vital
as the US dollar bond market suffered from severe dislocation.´
'R %& !""
<(2$//'!2#$ |!'! ()#"$& ! %#$
-((#%/.
%"#(#$"
"#$ %"#(#$"
"#$ '/!-((#%/.
|D#%'1 %"#2 ('2-/"$
'/!-((#%/.
('2-/"$ ('2-/"$
Best verall Provider
#$"0#(!!('0 2#( Broadest Product Range
Broadest Product
Broadest Product Range Range Best Ideas and Most
Best Ideas and Most Innovative Products
Best Structuring
Innovative Products Capabilities Best Structuring
Best Structuring Capabilities
Best Pricing and
Capabilities Execution Capabilities Best Pricing and
Best Pricing and Best After-Sales Execution Capabilities
Execution Capabilities Service Best Research and
Best Training and Market Coverage
Educational Support Best Training and
Best After-Sales Service Educational Support
Best After-Sales Service
#!#/"#2(#2#%" !$
[ V
[ ($
[ ($
)'/
a
a
34
V
[ 010)1
0561)
[ 7&
!
"#$%
*
$$
[
& 1"2
*
$
,
'' "! / "
."' " "" "
[ ($ [
"'
)'
"#$/V2(/ "!0"' !*
)'
[
.("$ )
'
$
'()"
#*+,-
! """".!
"# .""!*
HSBC ± Leading Bondhouse in the Philippines
['F5'(& ! %#$!!'%2$ ['F5'( '%2$ ['F5'( & ! %#$
'%2$
) * , !"#" "
''' ( +%%#($'5& ! %#$ !!'%2$ ' '' ( %% ($'5'%2$ ' '' ( %% ($'5 % $ $ %'%2$
&
% $$ $ G % $ $$ $ G
'' (
F
F +
,-
./ "
!
!
"" " "
" #$!
%&
" ,0 "
!"
'!
%&
" 1#
"
#$%&
#&!
!
" /
!-
"
'(!&% !
"
2,
(
&$((
$) " /
#
*!!!
"
/
0 "
[Source: Bloomberg, 3 November 2010
[ &$!#2$-//#$$5-!"(%$/" '%$5'("&# '0#(# *%EA-$ :$'0#(# *%E %%/ !%$" "-" '%$%2'('("# $$-#($ %& ! %#$
[,
-
*
[ ,. * -
[#
$
[#
$
[
*
!/ ,$ [
.
$ /,$
[%*
3
4 # ? [%(
?54$!
[?
[?
254$! 6
6
+ 0? [
[
,.
3
! # [%*
# '
!
[? [
+
4
!( # '6
! ( [+ &
[
!
/ !
[
!
?"
[
!
?"
[ !
?"
[
!
?"
[ [
[?"
!
?"
[
%
0
[
, !
?"
[
!
?"
[
!
?"
[1
@isclaimer
8
: ) ($ ('
!;($<%1 ($
)
#
V
!;#V<% )
($ =
!;($
=<%1 V )
($ =/
/
/
/
1
($ )
)
1 ($
)'
($ =1 8
1 ($
)
)
" /
1
8
/
1
7&
/ ($ ' !& %
/ /
/ !
/
/
*
%
1 "
) ) ($1 V
1 8
)
1 > ) '
/
1 ?
($ )
/ &
'
1
V
/
/
@ 'A
/
!)
% &
/ /
1
/
/
@ 'A )
1 V
/
1 >
1
)
1 V
1
)
1
8
)
!
#V% ) / )/
1 8
) / )/
) )
1 "
/
)
)
!
B
V
0C/ 1
"
1 2)
/
/
!
A %
)1 B
/
/
/
($
/
)1 8
) 1 8
($ *
/
)
($ =
/ )
1
8
&
)
($
#V B / )
#V B
#
' V
, !
% )
) 1
#V "
/
/ )/ / )
)
1
;
</
)
)
;&
< ;
<1
($('