Dear Clients,

 

Please note that we will be taking on a new BIC – SCBLSG22 – with effect from 8 July 2019 to allow our newly consolidated local subsidiary, Standard Chartered Bank (Singapore) Limited (“SCBSL”), to process local clearing for all Inter-bank GIRO, Fast and Secure Transfers (“FAST”), PayNow, MAS Electronic Payment System (“MEPS”) and Telegraphic Transfers transactions intended for accounts with SCBSL.

 

To ensure that transactions to your accounts are processed successfully, please request your remitter to select the new BIC when initiating new fund transfers to your SCBSL accounts.

 

You may refer to the table below for more information.

 

¹As of May 2019, Standard Chartered’s Commercial Banking, Corporate & Institutional Banking and Private Banking businesses were transferred from its Singapore branch to its local subsidiary, Standard Chartered Bank (Singapore) Limited (“SCBSL”). SCBSL’s ratings are on par with the ratings of Standard Chartered Bank at A1/Stable by Moody’s Investor Services and A/Stable by Standard & Poor’s.