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HSBC has again won the top honours in the major Asia-Pacific markets in Global Custodian magazine's annual survey of sub-custodian banks. In Global Custodian's 2004 Major Markets Agent Banks Review, HSBC has been awarded the highest scores in all three of the Asia-Pacific region's three biggest securities markets: Australia, Japan and Hong Kong - the first bank ever to record such a milestone.

Global Custodian also awarded to HSBC the coveted Top Rated status for sub-custodians in four Asia-Pacific markets - Australia, Hong Kong, Japan and Singapore.

HSBC's custody and clearing operations in Hong Kong and Singapore have now been top rated by Global Custodian for 16 consecutive years - ever since these surveys started.

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