Emerging markets
If you are looking for a correspondent banking partner you can trust, Standard Chartered can help you. We are in an excellent position to design the clearing service that meets your needs. We have offices in every Asian country, with the exception of North Korea – and with almost 150 years of on-the-ground experience, we make this potentially complicated process much easier for you.
Asia Pacific
Standard Chartered's well established local franchise delivered throughout Asia is well placed to meet your needs. We have offices in every Asian country with the exception of North Korea.
We provide a full range of services, which includes execution of payments, reporting, liquidity management, billing and account services. This includes US dollar and euro clearing (which commenced in April 2003 and for which Standard Chartered is the settlement agent) in Hong Kong.
Your benefits from Standard Chartered:
• Dedicated customer service and extensive local knowledge
• Value-added reporting capabilities (including via the internet)
• Consistent service levels – all our offices offering clearing services are ISO accredited
• Automated service delivery – inquiries / matching / cancellations; auto repair and detailed STP reporting
• Customised billing
Middle East and Southern Asia
If you are looking for a correspondent banking partner you can trust, Standard Chartered can help you. We are in an excellent position to design the clearing service that meets your needs. We have offices throughout the Middle-East and South Asia and with almost 150 years of on-the-ground experience, we make this potentially complicated process much easier for you.
We provide a full range of services, which include execution of payments, reporting, liquidity management, billing and account services. This includes US dollar and euro clearing (which commenced in April 2003 and for which Standard Chartered is the settlement agent) in Hong Kong.
Your benefits from Standard Chartered:
• Dedicated customer service and extensive local knowledge
• Value-added reporting capabilities (including via the internet)
• Consistent service levels – all our offices offering clearing services are ISO accredited
• Automated service delivery – inquiries / matching / cancellations; auto repair and detailed STP reporting
• Customised billing
Africa
Standard Chartered is the experienced partner you can rely on to take care of your African clearing requirements. You can entrust us with your clients' needs throughout the region, offering them the same high level of service that they expect from you. Africa is the latest region where Standard Chartered offers its clearing services, complementing the coverage already provided in Asia, the Arabian Gulf, the eurozone and the United States.
Our wide clearing network in Africa is managed as one business with a consistent approach to transactional services and service quality that is unique in Africa. With over a hundred years' presence in many of our African territories, our first-hand market knowledge of local business practices enables us to handle your transactions with confidence and expertise, in some of the most challenging banking environments.
Services include payments and collections, account services, trade services, investment options and reporting services via a variety of channels.
Your benefits from Standard Chartered:
• Network approach across our 138 offices in twelve African countries
• Consistency of services
• Market knowledge
• Customer service
• Local reputation
USD clearing
The U.S. Dollar is the primary currency for the settlement of foreign exchange and international trade transactions. With evolving changes in the marketplace, you need partners who are responsive to your growing needs and who can execute your transactions quickly and effectively. Standard Chartered can help give you the support you need to grow your business successfully.
Providing quick and reliable clearing is one of our core competencies. We can help improve your international transactions, allowing you to free up your time to focus on your clients' needs. We understand the clearing process clearly and have the infrastructure and expertise to help you with your U.S. dollar clearing requirements around the world. Our operations are highly automated to ensure that your transactions are completed reliably, efficiently and securely.
With a comprehensive range of U.S. dollar clearing services and corresponding reports available, we can tailor products to suit your specific needs so that you can operate more efficiently and effectively. Automated payments using SWIFT, detailed reporting and simplified billing are all designed to streamline your Clearing process and improve liquidity. These are some of the key features and benefits of our USD clearing services.
At Standard Chartered, we have the resources, skills and expertise to take care of your Clearing concerns, while you focus on looking after your clients.
Key features
Standard Chartered understands how to meet your needs for a smooth and efficient U.S. dollar clearing service. One of the first foreign banks to be invited to join the Clearing House Interbank Payments System (CHIPS), Standard Chartered is a major U.S. dollar clearing provider. Standard Chartered understands the markets where we do business, our clients' needs and the rapid changes affecting the U.S. dollar clearing business.
Our network, expertise and technology enable you to resolve your clients' clearing requirements promptly and efficiently.
Automated payments
Our payment process is highly automated, making use of electronic transfer technology which reduces errors, enhances processing times and minimises costs -completing the clearing process with maximum speed and efficiency.
Value-added reporting
We offer comprehensive reporting on balances and transaction activities. With this information, you will be better able to track transactions, oversee the reconciliation process and analyse usage patterns. Full reporting is also available through our electronic delivery channels including the internet. Our extensive management information systems provide you with clear and timely information to help you facilitate your management decisions and simplify reconciliation. At Standard Chartered, our vast range of tailor-made reporting capabilities satisfies all your record-keeping needs.
Billing
We understand your need for a simple and transparent billing system. We offer innovative pricing structures that enable you to remain competitive. As such, you will find that our billing covers tiered pricing, volume rates as well as standard fees and services.
Customer service
No matter which part of the world you are conducting business from, we have dedicated multilingual customer service staff to attend to your enquiries. Our numerous ISO 9002 certificates earned around the world demonstrate our commitment to excellence in service delivery. For your added convenience, we have an 18-hour payment and inquiry processing service, which enables us to respond quickly to your needs. The information you need is always at your fingertips.
Technology
At Standard Chartered, we consistently invest in innovation, upgrading our technology to guarantee that our services meet your needs. Our state-of-the-art technology and interfaces make the clearing process quick, secure and efficient. We also supply a PC-based automated search system for locating CHIPS and SWIFT codes to assist you in creating straight-through payments for your added efficiency.
Liquidity management
We offer an array of products and investment sweeping vehicles to allow for maximisation of your USD account balances that can be tailored to your specific requirements.
Key benefits
Standard Chartered has been operating in the US for over 100 years. Our in-depth experience and thorough understanding of clearing services enable us to offer you a consistently high level of quality service. While there are a number of banks offering U.S. dollar clearing facilities, you will find that Standard Chartered's tailored approach and expertise can give you and your clients a value added clearing service.
Fundamental to our business approach is a commitment to ongoing improvement, advanced technology and a system of rigorous controls. This gives us an competitive edge and enables us to offer you complete consistency and reliability.
We have the skills, expertise and experience to deliver value-added solutions to help you achieve better business results.
Euro / sterling clearing
Standard Chartered Bank, London is able to provide euro products and clearing services, including inter-bank and commercial payments, as well as trade reimbursements. We work particularly closely with financial institutions in the emerging markets paying into Europe, financial institutions in Europe paying across Asia, and financial institutions in the Americas paying into Europe. Whatever your profile, you can be rest assured our Euro services, with its comprehensive features, will provide you with quality and consistency.
Prior to 1999, SCB was an existing member of the old ECU clearing system, having been a founder member of the EBA. As such we have excellent first hand experience of a pan-European cross-border payment environment. The introduction of the euro allows access to all European Union countries on a Same Day basis. Regardless of the fact that the UK is not one of the original members of EMU, UK banks, including SCB, can offer euro accounts and make payments in exactly the same manner as any other of the 15 European Union member banks.
CHAPS Membership SCB is one of the 20 full settlement members of CHAPS Euro, the UK's domestic euro clearing system that is connected to TARGET.
TARGET Access
Through CHAPS Euro, Standard Chartered Bank has direct access via the Bank of England to TARGET (the Trans-European Automated Real-time Gross settlement Express Transfer system), which links the European Central Bank with the national central banks of the 15 EU countries. Through TARGET, the system links together the domestic Real Time Gross Settlement (RTGS) systems in each of the EU countries for those transactions where the beneficiary requires immediate finality of payment. TARGET has common operating times throughout the European Union for customer and inter-bank payments.
EBA Membership
The Euro Banking Association operates the Euro1 Clearing System, which works on an end-of-day net settlement basis. SCB has been a clearing member of the EBA since its launch, and is able to make euro payments via the Euro1 Clearing System for transactions of any value.