The Private Label program allows our valued correspondents to generate an incremental revenue stream from an existing flow of trade transactions to Asia. This is accomplished by moving the domicile of your letter of credit issuance from your country to Hong Kong to take advantage of the favourable pricing dynamics in that market. In addition, the letter of credit checking process is simplified because Standard Chartered in Hong Kong will review all the documents for you. It eliminates your need to re-check documents, saving you time and operational expense.
What does Standard Chartered offer?
Trade banking services are now being provided by a number of large banks with extensive international networks and formidable economies of scale, leveraging out low volume producers and making partnering an attractive alternative for regional banks. These global providers have the infrastructure to reduce processing costs to levels that make it difficult for other banks to compete. Accordingly, the ability to offer a range of innovative and competitively priced trade services to customers, while avoiding the high capital investment required to deliver them, has become a priority for many banks.
Standard Chartered's Hong Kong office has been offering Private Label Services to select correspondents since 1995. We are currently providing services to banks located in North America, Europe and Australia. Our global presence enables us to offer you advice and help throughout our network, especially in the fast changing economies across Asia.
For more information about Standard
Chartered's Private Label Services, please contact
your local Relationship Manager.
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