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 Standard Chartered Bank a premiat CEC Bank

On Thursday, November 24, 2011, Standard Chartered Bank awarded CEC Bank for the quality of the payment guidelines issued from the correspondent account, during the year 2011.

The award was granted within a work visit performed by the representatives of the Standard Chartered Bank at the headquarters of CEC Bank, on which occasion talks were carried out with regard to the services offered as well as with regard to the perspectives of developing the business relations between the two institutions.

Straight Through Processing (STP) represents the automatic execution of the payment instructions by the IT applications of the correspondent banks, the mutual intervention of an operator being necessary only in the case of occurrence of an error. At the level of CEC Bank, this implies on the one hand observing the SWIFT standards and on the other hand checking the correctness included in the instructions received from the customers.