Standard Chartered has maintained a continuous presence in Brazil since it opened its representative office in 1973. In April 2010, the Central Bank of Brazil granted Standard Chartered a local bank license in Brazil. The license allows the Bank to strengthen support for both its clients in Brazil and international clients based in its footprint markets of Asia, Africa and the Middle East, who are trading or investing with Brazil. In Brazil, the Bank is focused on the Corporate & Institutional banking business and offers an extension of the full product suite of Standard Chartered Bank New York branch. The Corporate & Institutional banking strategy in Brazil is focused on financial institutions and multinational and selected Latin American corporates with links to the Standard Chartered global network.
Standard Chartered Bank in Brazil has an investment bank license offering selective Financial Markets products such as FX, Interest Rates, Derivatives and Trade Finance. The bank does not offer any products or services to individuals or small companies. Standard Chartered Bank does not have any partnerships, deals or agreements with other institutions in Brazil to act in these segments.
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