Standard Chartered Bank has moved to adopt a comprehensive range of Swift services - including the financial network's cash, trade, corporate access and securities services - to support its transaction banking operations.
The bank will provide SwiftNet real time nostro account information to its financial institution and corporate customers, along with the Exceptions and Investigations service for payments STP.
The bank is also extending SwiftNet FileAct capability to all branches servicing corporates.
Standard Chartered is also one of the banks signed up to the SwiftNet Trade Services Utility (TSU), which has been designed to enable banks to offer advanced supply chain services to corporate customers.
Standard Chartered will also pilot proxy voting ISO 20022 XML messages, says Swift.
Frank Depraetere of Swift's banking industry division in Singapore, says: "This is the first time that a key player in Asia adopts a number of SwiftSolutions in one go, which verifies that the Swift portfolio fully meets the needs of global players."