Standard Chartered wins regional cash mandate for Shell

Royal Dutch/Shell Group will use the British bank to cover 10 Asian and Middle Eastern markets following a two-year pitch process.

Cherie Marriott

July 23, 2002

In a big deal for Standard Chartered, the bank has been chosen by oil company Shell to deliver a range of local currency cash management services, including cash concentration, payments, and collections for Shell's network of wholesale and retail operations. The contract covers 10 markets in Asia and the Middle East.

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