Correspondent Banking

ABN AMRO Correspondent Banking nurtures long-term, complementary relationships with other financial institutions, focusing on service excellence, security, reliability and continuity of service. Based at the heart of Europe, we bring pan-European experience and product distinction, making ABN AMRO the correspondent bank of choice for financial institutions globally.

We provide high quality services with excellent STP rates, delivered professionally by industry specialists. We have a dedicated correspondent banking team, providing a wide variety of services across Transaction Banking, Money Markets and Trade.

ABN AMRO at Sibos Amsterdam 2010

We are looking forward to seeing you in Amsterdam in October.

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Payment Services Directive

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The Payment Services Directive (PSD) has come into force on 1 November 2009. Consequently, we have made some adjustments in order to comply with the new legislation. In the PSD leaflet, you can find an overview of the key areas that are impacted from a correspondent banking perspective and how ABN AMRO is implementing these changes.

Euro Clearing

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One example of ABN AMRO’s correspondent banking services is Euro clearing. Euro transactions are processed in an automated and efficient manner, and supported with comprehensive reporting, intelligent exceptions processing, collections and liquidity management. By working with the right bank, you can create simplicity, mitigate risk and deliver an optimal service to your clients.

Multi-currency Clearing

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Financial institutions face increasing competitive pressures and growing demands from clients to support them as they expand their geographic scope. In order to provide optimal client service in a cost-effective way, financial institutions need a correspondent banking partner that can provide a fast, efficient payments service in a wide range of currencies as required by their clients.

Straight Through Processing

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Optimising Straight Through Processing (STP) is a vital consideration for our customers. ABN AMRO is continuously investing in the latest technology to ensure rapid, automated payments execution. In addition, we are committed to helping our customers to refine their own payments processing so that payments are formatted correctly, minimising errors, costs and avoiding delayed payments.

Cash Letter Service

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Many of our customers will need to process manual payment methods, such as cheques, in addition to electronic payments. Cheques can frequently be costly to process and require significant manual effort. To simplify cheque settlement and minimise collection charges, ABN AMRO provides a Cash Letter Agreement to our customers.

Trade Services

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While many firms have been successful at enhancing their payables, receivables and cash management processes, trade finance remains an area with significant potential for improvement. Financial institutions that work with ABN AMRO to provide trade services to their clients have the opportunity to deliver considerable value by accelerating the trade process, enhancing Straight Through Processing (STP) and eliminating errors.