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Standard Chartered launches Working Capital Management Guide 2008/09

  • United Arab Emirates: Saturday, March 15 - 2008 at 09:53
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Standard Chartered has launched the 'Standard Chartered - Working Capital Management Guide for Asia, Africa and the Middle East 2008/09, to provide critical business and regulatory insights for doing business in these emerging market regions.

The book is the second edition in a series, carrying articles examining China's relationships with Africa and the Middle East and the opportunities and issues within these major trade corridors.

This second edition has now also been expanded to cover Central and South Asia with specific analysis on Pakistan, Bangladesh and Sri Lanka. Topics range from technology, security, electronic delivery channels and Basel compliance.

The Bank has been doing business in the Asian, African and Middle East markets for over 150 years and is recognised in these regions as being one of the oldest international banks with an extensive domestic presence as well as cross border network, all focused on providing the best services for clients, for and in these regions.

Farooq Siddiqi, Transaction Banking Head, Standard Chartered UAE said,

"With the issues brought about by tightening of liquidity and uncertaintines in the global economy, corporates face greater challenges in managing their working capital and in fact their end to end supply chain. This Guide will help companies better understand the business and regulatory environment in Asia, Africa and the Middle East, putting them in a stronger position to not only navigate these challenging times but also find solutions to optimise their business operations. Standard Chartered is a forerunner in Financial supply chain solution and has strong expertise and networks in the emerging markets of Asia, Africa and the Middle East. Coupled with our depth of knowledge and our longevity across these key emerging markets, we are well-positioned to offer our expertise and guidance in this area, added Farooq".


Standard Chartered Bank aims to be the number one transaction bank for corporate and institutional clients based or operating in the Asia, African and Middle Eastern regions.

It offers its Corporate and Institutional clients a full suite of working capital solutions encompassing Cash Management, Securities Services and Trade Services.
 
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Standard Chartered - leading the way in Asia, Africa and the Middle East
Standard Chartered PLC, listed on both the London Stock Exchange and the Hong Kong Stock Exchange, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered group has operated for over 150 years in some of the world's most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and the number of employees have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions.
Standard Chartered aspires to be the best international bank in its markets through leading by example to be the right partner for its stakeholders. The group now employs 73,000 people, representing 115 nationalities, in more than 1,700 branches and outlets located in over 70 countries. The bank derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, with balanced income derived from both Wholesale and Consumer Banking.
The group is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity.

For further information, please contact:

Bentham Patricia
Head Corporate Affairs, UAE and Oman, Standard Chartered
Tel: +971 4 508 2772

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