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Banque Du Caire receives Deutsche Bank’s prestigious EUR STP Excellence Award 

04 Jul, 2011 
 
 
Banque Du Caire was recently awarded a Certificate of Merit from Deutsche Bank in recognition of its SWIFT payment messages to BDC’s correspondents abroad during 2010.

Based on Deutsche Bank's in-depth evaluation of the quality and level of accuracy of BDC’s SWIFT payment messages, the world-renowned bank gave annual awards to select banks around the world. The award is given to banks that achieve an error-free rate of 97% relative to the volume of remittances while operating in compliance with international banking practices.

 

The Euro Straight Through Processing (STP) regulates financial transactions and electronic payments, starting with the transaction initiation and ending with the final settlement.

 
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