With our presence across Africa, the United Kingdom, the Americas and Asia, Standard Chartered is an acknowledged global leader in foreign currency services in over 50 countries worldwide. Our particular specialities are the so-called ''exotic'' African and Asian Currencies.

Largest dealing room in Tanzania

We are a professional team of dealers with extensive local and international network that enables us to offer treasury solutions which are tailor-made to suit our customer needs.

Market Makers for the Tanzanian Shilling

Due to our balance sheet size, we have the ability to price large transactions and have the capacity to determine the Tanzanian Shilling trend thereby enabling us to offer invaluable information/pricing to our customers.

Globewatch

Foreign market conditions are often volatile and it is essential that exposures be continuously and closely monitored in order to maximise gains or minimise losses. Our worldwide network provides you with 24-hr access to the financial markets. We can accept your overnight foreign exchange orders and execute them effectively on your behalf, day or night.

Periodical Economic Reports

Standard Chartered provides you with quarterly reports covering the latest developments in the market place produced by our dedicated treasury economists. Strategic market analysis, country and currency reports are also produced periodically. Views on interest rates, currencies and economies along with future projections are given. This research gives you detailed insights into the markets in a clear and concise manner and enables you to decide your dealing strategy with the benefit of accurate market information.

Daily Market Report

Standard Chartered Bank prepares on a daily basis a report of market movements over the last 24 hours, which is available via fax or email. This report gives you a birds eye-view of latest exchange and interest rates. It also enables you to keep in touch with markets and plan your requirements.

Dedicated Account Managers

Daily calls from your designated account manager keeps you well updated on the latest market information. Information on market movements and any other key information is passed to you immediately. Watch on interest in individual currencies, interest rates, economies can be kept on your behalf.

The Products We Offer

These include, but not limited to:

Spot Foreign Exchange

This is a sale or a purchase of a currency against another currency for delivery within two business days. We have a competent customer relationship management process, high level service in terms of feedback and a large balance sheet size that enables us tackle relatively large amounts at very competitive pricing.

Forward Foreign Exchange

You exchange one currency for another at a rate agreed today with delivery at some time in the future. You benefit from fixed future exchange rates, which provides protection against subsequent adverse exchange rate movements in the spot foreign exchange market. This gives you known future cash flows and accurate budgeting.

Structured Deals

Standard Chartered Bank was the first bank to introduce and trade in Currency options products in the Tanzanian market. We offer competitive and innovative structured solutions to our clients that enables you enhance interest returns and also minimise foreign exchange costs. We work hand in hand with colleagues in Trade Finance, credit e.t.c to structure solutions for clients in all areas.

Foreign Currency Deposits

We accept fixed term deposits in major foreign currencies and pay attractive rates of interest

Principal Protected Deposit

Let your deposits enjoy the possibility of a higher than normal return whilst providing you with capital protection.

High Yield Deposit

A high yield deposit is a new and exciting investment opportunity for depositors to earn a higher rate of interest than a traditional time deposit.

High Yield Deposits can pay a higher rate of interest than normal time deposits because you grant the Bank the right (but not the obligation) to repay your deposit at maturity in a specified alternative currency and at a conversion rate predetermined at the time the deposit is made.

High Yield Deposits are suitable if you wish to obtain a higher interest rate than that of traditional deposits. The extra interest differential acts as a partial buffer against depreciation of your deposit currency.*Alternatively, if your deposit currency appreciates and you get repaid in the alternative currency, you also benefit from the upward movement in the exchange rate, up to the Fixed Conversion Rate.

The deposit is particularly suitable if you have intentions to convert your base currency into another currency at an exchange rate (conversion rate) chosen by you at the maturity of your deposit.

* Risk Note: If you were immediately to convert back the currency delivered by the bank into the base currency, you risk to lose the differential between market rate and the conversion rate of the deposit.