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.

Clearing Services