Sunday, 16 June 2024

Best EURO Clearing Bank and Global (Multi-Currency) Clearing Bank in Asia Pacific is Deutsche Bank

5 min read

By The Asian Banker

Based on combined volumes processed via Target 2 and EBA/EURO 1, this global bank is the world’s largest EUR and a leading USD clearing bank in the region. It has local clearing access to 14 markets in Asia Pacific covering more than 125 currencies and boasts a book transfer ratio of more than 50% in both of its USD and EUR clearing services.  

The bank clears almost half of its cross-border payments in less than five minutes and is the first institution to go live with Swift Beneficiary Account Validation (BAV) service. It also went live with Swift Go low-value payments as an intermediary bank for EURO clearing.  

For enabling its FI customers to handle dynamic and recurring cross-border payments through automation, the Best EURO Clearing Bank and Global (Multi-Currency) Clearing Bank in Asia Pacific is Deutsche Bank. 



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