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Saturday, November 21 - 2009

Standard Chartered offers round-the-clock coverage of spot and forward GCC currencies

  • United Arab Emirates: Sunday, November 01 - 2009 at 16:52
  • PRESS RELEASE

Standard Chartered has extended its online coverage of Gulf Cooperation Council (GCC) currencies to 24 hours daily from Monday to Friday. The extension applies to Dhs, SR, KD, BD, QR and OR currencies on Standard Chartered's proprietary request for quote foreign exchange service, On-line Treasury (OLT3), and FX all platforms.

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All extended-coverage GCC currencies are available in spot, forward and swaps up to a maximum tenor of one year. Weekend coverage on Saturday and Sunday is also provided for GCC currencies Dhs, SR, KD, BD, QR and OR during Middle East trading hours on Standard Chartered's OLT3. In addition, GCC currencies JD, MAD and TND will be quoted on a spot basis between 08:00 and 18:00 UAE time (04:00 to 14:00 GMT).

Besides OLT3 and FXall, Standard Chartered is also quoting GCC currencies on Reuters RTFX, Bloomberg FX, GFM Online and 360T in spot, forward and swaps up to a maximum tenor of one year. This is available between 08:00 and 18:00 UAE time (04:00 to 14:00 GMT) from Monday to Friday.

"The extension of online coverage for GCC currencies demonstrates Standard Chartered's commitment to serving our clients better. We are continually improving our service capabilities and expanding our product suite to come up with client-centric solutions to meet their changing needs. Going forward, clients will benefit by having up-to-date information at their fingertips 24 hours daily, enabling them to make informed decisions in FX trading,"

said Lee Boon Huat, Regional Head of Global Markets, Middle East and North Africa.
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Notes and media contacts

About Standard Chartered - leading the way in Asia, Africa and the Middle East:

Standard Chartered PLC, listed on both London and Hong Kong stock exchanges, 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 profits have more than doubled over the last five years primarily as a result of organic growth.

Standard Chartered aspires to be the best international bank for its customers across its markets. The Group earns around 90 per cent of its income and profits in Asia, Africa and the Middle East, from its Wholesale and Consumer Banking businesses. The Group has over 1600 branches and outlets located in over 70 countries. The extraordinary growth of its markets and businesses creates exciting and challenging international career opportunities.

Leading by example to be the right partner for its stakeholders, 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. It employs around 70,000 people, nearly half of whom are women. The Group's employees are of 125 nationalities, of which about 70 are represented in the senior management.

For more information on Standard Chartered, please visit www.standardchartered.com.

For more information, contact:

Sam Gad
Media Relations and Communications Manager,
Standard Chartered Mena
Tel: +971 4 508 5916
P.O. Box 999 Dubai, UAE

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