Clearstream wins the JPMorgan Chase ‘Quality Recognition Award’

Clearstream has received the “Quality Recognition Award” by JPMorgan Chase Bank in recognition of its high quality funds transfer operations area.

The award is given each year following a continual review process of industry suppliers undertaken by JPMorgan Chase Bank. It is designed to identify and reward companies that have demonstrated specific levels of operating excellence.

The review undertaken in 2004, showed that Clearstream had clearly excelled in meeting its operating challenges and exceeded the stringent criteria for the “MT202 Quality Recognition Award” with a 99.47 percent straight-through processing (STP) rate for its funds transfer operations area. Additionally in the first half of 2005, Clearstream already reached the 99.70 percent straight-through processing (STP) rate.

Since 1997, JPMorgan Chase Bank has been awarding Institutions and Corporates with the “Quality Recognition Award”. For six consecutive years Clearstream maintainned outstanding levels of performance and has been recognized as a leader in meeting today’s operating challenges.

Matthias Ganz, Chief Operating Officer, Deutsche Börse Group said, “At Clearstream we recognize that the quality of our services is key to our offering to the industry. Therefore it is pleasing to see our efforts being appreciated by key customers in this way. However, we continue to manage a program of service improvements to extend our leadership in this sector.”