Fast Facts - Standard Chartered Bank Brazil

We offer specialized banking products in Asia, Africa and the Middle East to Latin America and US based Multinational Corporations, Financial Institutions and Development Organizations with key products including trade finance services, cash management, foreign exchange and derivatives, commodity finance, and structured import and export finance services.
We have a history of over 100 years in the United States and nearly 40 years of correspondent banking experience in Latin America.
Standard Chartered Americas is headquartered in New York City with a presence in California, Texas and Florida in the USA. We are also present in Canada, Cayman Islands, Argentina, Brazil, Chile, Colombia, Mexico, Peru.
We employ over 1,200 people in the U.S and Latin Americas representing over 35 nationalities.
Standard Chartered was one of the first foreign banks to be invited to join the Clearing House Interbank Payment System (CHIPS). Standard Chartered currently ranks seventh in volume on the CHIPS system, clearing about US$195 billion on an average day. The acquisition of American Express Bank doubled the US dollar clearing business and gave Standard Chartered a direct Euro and Yen clearing capability.
Standard Chartered is the number one non-SEPA (Single Euro Payments Area) clearer and is one of the top trade banks globally.
We aim to maximize on business opportunities from growth in trade activity between Latin America and Asia.

Our representative office has been in Brazil since 1973. The Bank operated in Rio de Janeiro until 2001 when it relocated to Sao Paulo, a major industrial and financial hub.
In November 2009, Standard Chartered was granted a local bank license in Brazil, by the Central Bank of Brazil.
Standard Chartered in Brazil is focused on providing Wholesale Banking global products and services to local Financial institutions as well as selected Global Corporates (multinationals and large locals) which have synergies in the Standard Chartered Group’s global footprint.
The local license will allow Standard Chartered to offer these new products and services:
- have an on-shore presence in the local FX and interest rate markets;
- trade BRL denominated products on-shore at the local exchanges;
- sell OTC derivatives and cash instruments to local clients;
- participate in the local capital markets as originator and underwriter
We are equipped with TSU (Trade Services Unit) which was re-established in June 2004 to allow for local delivery of Letters of Credit, downloaded through IMEX.
Most Financial Institutions and Corporate lending is booked with Standard Chartered Bank in New York who also does the clearing of a significant part of Brazil’s trade financing cash-flow.