OREANDA-NEWS. May 18, 2010. Deutsche Bank AG, the leading global provider of clearing and settlement services, awarded DnB NORD Bankas for excellent quality of payment messages (EUR Straight-Through Processing (STP) Excellence Award). The recognition of excellence in STP from Deutsche Bank AG went to DnB NORD Bankas for the fourth year running, reported the press-centre of DnB NORD Bankas.

Excellent quality of the preparation and forwarding of the payment orders ensures the funds of DnB NORD Bankas customer reach the beneficiary fast and safe.

“Congratulations and thank you for your excellence in STP. Deutsche Bank strongly values its long standing and productive relationship with DnB NORD Bankas, and we look forward to working together in 2010,” said Paul E. Camp, Managing Director of Global Transaction Unit in Deutsche Bank AG in a letter to DnB NORD Bankas.

Deutsche Bank AG is the main correspondent bank of DnB NORD Bankas for international settlements in Euro. About 70 percent of the total international transactions of DnB NORD Bankas customers in single European currency are performed through Deutsche Bank and this flow is increasing every year.