OREANDA-NEWS. NOMOS-BANK received the prestigious Euro STP Excellence Award and US Dollar STP Excellence Award for the implementation of cross-border settlements in euros and US dollars.

Awards were given by Deutsche Bank, NOMOS-BANK’s correspondent bank, for 2012 results.

Deutsche Bank representative Tim Fife noted the high percentage of quality servicing of international payments via NOMOS-BANK correspondent accounts in Deutsche Bank (99.8% and 99.37%, respectively).

Based on 2012 results, NOMOS-BANK received four prestigious banking awards for making international payments in euros and US dollars: STP Award 2011 (Commerzbank AG), MT202 Elite Quality Recognition Award (J.P. Morgan), Citi Performance Excellence Award for achieving an MT103 STP rate of 95% or higher (Citibank), Citi Performance Excellence Award for achieving an MT202 STP rate of 98% or higher (Citibank).

Awards are granted by major international financial institutions for the excellent quality of payments in foreign currency. NOMOS-BANK annually receives such awards, a fact which confirms the high professional level of its employees at its Settlement Center. The excellent quality of NOMOS-BANK international payments helps to expedite the calculations and minimize the operational costs.