Cash Management

Our cash management services include local and cross border payments, collections, information management, account services, liquidity management and investment services for both corporate and institutional clients.

Payment Services

We can help you save time and money by reducing processing costs while providing a value-added service to your suppliers.

Comprehensive payments solution

Standard Chartered's payment solutions can help to reduce your overall processing costs – for domestic and global payments – saving you time and money while providing a value-added service to your suppliers. Our comprehensive payment services will be tailored to enhance your accounts payable process. This will eliminate many manual tasks involved in making payments, allowing you and your staff to spend more time focusing on your core business needs.

We understand that most of your effort in the payment cycle is directed towards initiation; difficulties in the subsequent reconciliation process can jeopardise the whole process. With Straight2Bank Channels you can now track the exact status of each payment through timely reports that can be uploaded seamlessly into your company's system.

We offer a full range of payment capabilities including:

• Cross-border payments
• Telegraphic transfers
• International bank cheques / drafts
• Domestic payments
• Local bank cheques / drafts / Cashiers order
• Corporate cheque
• Direct credits – ACH / credit vouchers
• Local bank transfers (RTGS)
• Book transfers (account transfer between Standard Chartered branches)
• Payroll

Payments system integration

Straight2Bank channels caters to different levels of customer payment sophistication, including simple online transaction via Internet, bulk file payment via internet or lease line, and the ability to send industry standard messages directly to the bank. Our in-country specialists are available to help customise a solution that enables you to manage your working capital in a more efficient manner.

Collection Services

Standard Chartered understands that operating and sustaining a profitable business these days is extremely tough. Your key business concerns could be:

• Receivables Management - ensuring receivables are collected in an efficient and timely manner to optimise utilisation of funds
• Risk Management - ensuring effective management of debtors to eliminate risk of returns and losses caused by defaulters and delayed payments
• Inventory Management - ensuring efficient and quick turnaround of inventory to maximise returns
• Cost Management - reducing interest costs through optimal utilisation of funds

Our solution

The Standard Chartered Collections Solution leverages the Bank's extensive regional knowledge and widespread branch network across our key markets to specially tailor solutions for your regional and local collection needs.

This Collections Solution, delivered through a standardized international platform, has the flexibility to cater to your local needs, thus enabling you to meet your objectives of reducing costs and increasing efficiency and profitability through better receivables and risk management. The key components of our solution include the following:

Extensive clearing network

Our extensive branch network, complemented by our correspondent banks' network, provides you with a wide coverage of clearing locations to ensure you get the benefit of early availability of funds. This is further enhanced by our cheque purchase and guaranteed credit services.

Liquidity Management

A corporate treasurer's main challenge often revolves around ensuring that the company's cash resources are utilised to their maximum advantage. You need a partner bank that can help you:

• Maximise interest income on surplus balances; minimise interest expense on deficit balances for domestic, regional and global accounts
• Minimise FX conversion for cross-currency cash concentration
• Customise liquidity management solutions for different entities in different countries
• Centralise information management of consolidated account balances

Our solution

With our global experience and on-the-ground market knowledge, Standard Chartered will help you define an overall cash management strategy which incorporates a liquidity management solution that best meets your needs.

Standard Chartered's liquidity management propositions

Clearing Services - for financial Institutions

With increasing business globalisation, your banking network may not have sufficient reach. You may not want to put in the extra infrastructure or resources to expand your network but still want to ensure your clients' transactions are serviced efficiently. Clearing is one of the important services in which your bank would need support to facilitate your clients' smooth international trade and cross-border transactions.

Our solution

Standard Chartered's international network and multi-currency capabilities are well placed to provide you with a seamless service for all your clearing requirements worldwide. Our network extends across Africa, the Middle East, South Asia, Latin America, the USA and the UK. You can count on our over 150 years of on-the-ground experience to tailor a clearing solution that meets your needs. Standard Chartered is a correspondent banking partner you can trust to make this potentially complicated process much easier for you. Click here to view our international network. (TBC)

We tailor clearing solutions to address your specific needs whether in one or multiple countries, or to complement our other services.

Standard Chartered offers "Best in Class" technology and processes in our clearing systems.

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