Mt202

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 … [Read more...] about HDBank wins award for outstanding international payment service

With its relationships with more than 400 agents who are banking institutions and strategic co-operation with many leading Vietnamese and international partners, HDBank has extensive international payment operations and its international payment services quality is recognised also by other leading lenders such as Wells Fargo, Deutsche Bank, Citibank, and BHF – Bank. … [Read more...] about HDBank wins award for outstanding international payment service for 3rd consecutive year