On March 3, 2011 the Bank of New York Mellon paid a visit to Eximbank and offered Eximbank the STP Award 2010

With the objective of providing better , faster and lower- cost services to our customers, all Eximbank’s staff have always dedicated themselves to the improvement of their knowledge on banking operations to increase the STP ratio

Therefore, the STP ratio of Eximbank is always maintained at a high level (more than 95%). It is our relentless effort that we have received the STP Awards of the Bank of New York Mellon for three consecutive years. This award is the recognition of a well-established and reputable foreign financial institution in terms of the quality of the automatic payment messages as well as the competence of Eximbank’s payment staff. Above all, the award is the affirmation of the Bank of New York Mellon’s desire to enhance the collaborative relationship between the two banks for the benefit of customers of both sides.

 STP or Straight-through Processing is a terminology used to describe a payment process in which the data is automatically put in and transferred straight through from the remitting bank to the beneficiary bank without any manual intervention at any point of the payment process.