The Network
Trade Services programme is designed for correspondent banks
directing letters of credit to Asia without having their own
local branch offices in that region. It allows a correspondent
bank to efficiently route their business through one network
trade bank while generating incremental revenue streams from
their existing flows of trade transactions. The programme
is presently used by hundreds of correspondent banks world-wide.
Letters
of credit issued by your bank are directed to a Standard Chartered
office for advising to the local beneficiary. To ensure that
presentations under those credits are routed through Standard
Chartered and qualified for attractive revenue sharing plans,
special condition clauses are inserted in the terms of the
credit. The process by which the beneficiaries' local bank
presents documents to another bank holding special handling
instructions is generally known as renegotiation.
What
does Standard Chartered offer?
We recognise your need for assistance in dealing with dynamic
regions like Asia and have designed a programme that provides
superior service together with attractive revenue sharing
opportunities for trade related business directed to Standard
Chartered. We can share both advising and renegotiation fees
with participating correspondents. Your Relationship Manager
can review your business volumes and provide you with a current
range of revenue sharing opportunities in various countries.
Currently, this program is offered in the following key Asian
export markets :
China
Hong
Kong
Indonesia
Japan
Malaysia
Philippines
Singapore
South
Korea
Taiwan
Thailand
For more information about Standard Chartered's Network Trade Services,
please contact your local Relationship Manager.
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