OREANDA-NEWS. September 02, 2011. A representative of Deutsche Bank AG, Mr. Tim Fyfe, Director of CIB Global Transaction Banking, presented “2010 USD STP Excellence Award” and “2010 EUR STP Excellence Award” to Sberbank, reported the press-centre of Sberbank.

Deutsche Bank has awarded Sberbank for excellenсе in formatting payments routed in 2010 through Sberbank’s Nostro correspondent accounts in US Dollar and Euro with Deutsche Bank Trust Company Americas (USA) и Deutsche Bank AG (Germany) respectively.

As it was emphasised at the presentation ceremony, Sberbank’s straight-through processing rate in 2010 exceeded 98 p.c., which is one of the best results amongst the banks maintaining correspondent accounts with Deutsche Bank.

Mr. Fyfe pointed out that Deutsche Bank is currently adjusting its quality assessment criterion and tightening the requirements to the formatting of payments from its correspondent banks worldwide.

In return, Ms. Olga Kanovich, Senior Vice-President of Sberbank, expressed confidence that Sberbank would undoubtedly be capable to achieve the highest quality rates in accordance with the new quality assessment criterion of Deutsche Bank.