HDBank wins award for outstanding international payment service

HDBank wins two awards from J.P Morgan Chase Bank for achieving excellent straight-through payment rates of 99.94 percent and 99.68 percent in MT202 and MT103. (Photo courtesy of the bank) HCM City (VNS/VNA) – For its almost 100 percent success rate in straight-through processing, the Ho Chi Minh City Development Joint Stock Commercial Bank has received the MT202 and MT103 STP awards for international payment services from J.P. Morgan Chase Bank. This is the third year in a row HDBank has won the MT202 award, and the second year it has received the MT103 award. Both are given by J.P Morgan Chase Bank, the US’s largest lender in terms of assets and the world’s largest US dollar clearing agent. HDBank’s STP rates exceed the benchmarks set by global credit institutions. According to JP Morgan Chase and other large institutions and agents providing clearing services in the greenback and euro, the STP rate for international electronic payment is currently 89–90 percent on average. With an exceptional STP rate of 99.94 percent for MT 202 and 99.68 percent for MT103, HDBank was one of the few Vietnamese banks to win the top prize. This underlines the prestige and quality of HDBank’s international… Read full this story

HDBank wins award for outstanding international payment service have 286 words, post on en.vietnamplus.vn at November 26, 2020. This is cached page on Talk Vietnam. If you want remove this page, please contact us.