PBB BAGS THREE-PEAT with J. P. MORGAN US Dollar Clearing Elite Quality Recognition Award
March 28, 2025
PBB received the US Dollar Clearing Elite Quality Recognition Award for the third consecutive year.
This recognition reflects PBB's exceptional performance in surpassing JP Morgan's strict Straight Through Processing (STP) standards. The STP rates were 99.92 percent in 2024, 99.94 percent in 2023, and 99.91 percent in 2022.
Since 1997, JP Morgan has recognized select US Dollar clearing clients who demonstrate exceptional operational excellence and outstanding straight-through processing (STP) results by properly formatting their SWIFT payments. This award is granted to clients achieving an STP rate above 99.70 percent. PBB has surpassed JP Morgan's stringent STP performance standard by maintaining an impressive average STP of 99.92 percent over the past three years.
