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Standard Chartered rolls out Middle East online FX service

Standard Chartered Bank has launched an enhanced online banking foreign exchange (FX) offering in the Middle East via its Straight2Bank platform, which can be accessed via the net or mobile devices, and handle currency conversions for businesses.

The new service supports 130 global currencies to clients in the United Arab Emirates (UAE), Bahrain, Oman and Qatar. Clients will be able to access international trade currencies within Straight2Bank. In addition to a wider choice of trade currencies, corporate clients can also access instantaneous foreign currency quotations, again using the Straight2Bank corporate online banking portal Straight2Bank. The request for quote (RFQ) feature allows customers to bypass having to call for currency quotations from a bank's local treasury desk, in order to trade in a company's currency of choice. They can instead receive an almost instantaneous quotation by selecting their currency and volumes for conversion online, with the option to accept or decline within minutes.

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