Clearstream wins once again the JPMorgan Chase "Quality Recognition Award"
For the eighth consecutive year, Clearstream Banking has received the 'Quality Recognition Award' by JPMorgan Chase Bank in recognition of its standards and high quality funds transfer operations area.
The award is given each year following a continual review process of industry suppliers undertaken by JPMorgan Chase Bank. It is designed to identify and reward companies that have demonstrated specific levels of operating excellence.
The review was undertaken in 2006. It showed that Clearstream had met its operating challenges and exceeded the stringent criteria for the 'MT202 Elite Quality Recognition Award' with a 99.76 percent straight-through processing (STP) rate for its funds transfer operations area. The score received exceeded the one from 2005 (99.46 percent).
JPMorgan Chase Bank has been awarding Institutions and Corporates with the 'Quality Recognition Award' since 1997. According to JP Morgan Chase, less than 1% of their total funds transfer clients were able to meet the criteria to qualify for the award.
Andreas Wolf, Chief Operating Officer of Clearstream Banking Luxembourg said: 'Quality of service is one of the main key words for Clearstream and receiving such an award proves to be a recognition for us and this now for the eighth consecutive year. We are particularly pleased to see our continuous efforts being appreciated by key customers. We will continue to work on improving our performance in order to keep our customers satisfied.'
Contacts:
Bruno Rossignol / Yolande Theis +352-243-31500,
bruno.rossignol@clearstream.com / yolande.theis@clearstream.com