Standard Chartered is among the top three foreign banks
in Singapore. We have a network of 20 branches across the
island -- a favourable competitive factor, considering that
the typical foreign bank has a maximum of 3 branches. Our
range of corporate banking services includes trade finance,
cash management, custodial services, consumer finance and
asset financing.
In 1999, Standard Chartered was one of the four pioneering
banks to receive the coveted Qualifying Full Bank (QFB)
licence. This strongly endorses SCB's unique commitment
to Singapore and our continuing membership in the Republic's
banking premier league.
Singapore's currency is the Singapore Dollar (SWIFT Code
SGD). Standard Chartered is one of the 124 commercial banks
and 80 merchant banks licensed to offer foreign currency
(non-SGD) transactions, of which USD is the most common.
Rates in the market are closely linked to those of the Euro-currency
market.
SCB is one of 30 banks participating in the US Dollar Clearing
System in Singapore. Cheques drawn on local banks participating
in the clearing system are cleared through the Automated
Clearing House in Singapore. This simplifies and shortens
the process for companies needing to pay or receive USD
locally.
Standard Chartered fully understands the importance of
time, convenience and efficiency to the success of your
business. We aim to make a complex financial world easy
for you and help you maximise your opportunities.
With over 140 years of experience in the trade
finance business and an extensive international branch
network, we provide a comprehensive range of flexible and
innovative services wherever in the world you do business.
We are committed to helping you succeed in a competitive
environment. Our products and services are constantly evolving
to keep pace with your needs and to fit the way you do business.
Please feel free to talk to us or email
us on your business requirements and we can give you innovative
solutions to your banking needs.