Société Générale Corporate & Investment Banking Poland was ranked by the Ministry of Finance in first place in the competition for the function of Treasury Securities Dealers in 2009. The ranking is based on the Treasury Securities Dealer Activity Index for Q4 2007, or the first quarter in the current competition. SG CIB Poland has appeared in the prestigious group of Treasury Securities Dealers since launch of the competition in 2002.

SG CIB and other institutions having the status of Treasury Securities Dealer have the exclusive right to bid individually at all Treasury securities auctions. Thus, in fact, it is they who purchase Treasury bills or bonds from the Ministry of Finance and then sell them on the market. They are also authorised to perform individual transactions directly with the Ministry of Finance e.g. SWAP, FX-SPOT, REPO and to closely co-operate with the issuer in determining the policy of budget deficit financing. The best banks, including SG CIB, also have the right to organise issues of State Treasury Eurobonds, which is the most valuable distinction for the contestants.

The competition criteria included such factors as clearing potential, turnover on government bills and bonds on the inter-bank market (including the electronic MTS-CeTO market), transactions with entities other than banks as well as the broadly understood quality of the relationship with the Ministry of Finance.

The task of dealers consists in participating in auctions organised by the National Bank of Poland, where they must purchase a specified amount of Treasury securities. Apart from that they take part in fixing sessions organised by the central bank on MTS-CeTO and they must provide liquidity to the market on Treasuries.

Awarded by: Ministry of Finance, Poland