Locate us
Access ib
Share Price
Rs 238.00
15-Jan-2021 14:30
0.00 %
Personal
Corporate
Corporate
Global Business
The Mauritian Jurisdiction
Global Business Landscape
MCB Global Business
Forms & Resources
Corporate Banking
Cash Management
Financing Solutions
Treasury
Trade finance
Corporate Services
Business Banking
Everyday Banking
Financing solutions
Payments
Optimise your cash flow
Knowledge Centre
Trade Finance
Import Services
Export Services
Forms
Treasury Services
Foreign currency needs
Risk Management
Investments
Ecommerce
Online payment gateway
Mobile
Self-Service 24/7
MCB Factors
MCB Group
Learn more about
Security Information
Filter by
No filter
Offers
Press releases
News this year
Archive
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
Home
News
MCB wins J.P. Morgan elite quality award
News
News and Events
16 Nov 2016
MCB wins J.P. Morgan elite quality award
Port Louis, 16 November 2016
: MCB has received the 2016 Elite J.P. Morgan Quality Recognition Award for MT103 category of payments.
The Elite Quality Recognition Awards are given to institutional clients of J.P. Morgan that demonstrate best-in-class operational efficiency. Less than 1 percent of their clients are able to meet the strict criteria for the awards each year.
“This is truly a reflection of the outstanding work the team at MCB has done collectively to achieve such a prestigious award,” Preashnie Padayachee of J.P. Morgan said.
The MT103 'Elite' Quality Recognition Award is given only to J.P. Morgan clients achieving a Straight Through Processing (STP) rate greater than 99 percent, with a minimum transaction volume of 10,000 transactions during an assessment year.
“This award commends the quality of our operational management and places MCB in the highest percentile of global financial institutions to demonstrate treasury and commercial payments efficiency,” Raoul Gufflet, Deputy Chief Executive of MCB, highlighted.
MT103 is a Straight-Through Processing (STP) mechanism that provides financial services providers with tremendous benefits, including greatly shortened processing cycles, reduced settlement risk and lower operating costs. These transactions utilise modern electronic instruction systems such as SWIFT and each numbered Message Type (MT) serves a specific purpose.
Subscribe to our rss feeds and receive our latest news
Share this page