Article: “Trade Bank of Iraq wins JP Morgan Chase’s STP award ” Quote: “According to TBI spokesperson Ahmed Al-Khazraji, this award is granted based on the amount of electronic transactions completed by the bank and the percentage of direct foreign transfers, as well as the level of compliance with JP Morgan Chase’s precise criteria. This recognition ranks the TBI among an elite group of banks that have been awarded for their direct transfer operations, with STP rates of 99.68 percent for the MT103 category of SWIFT payments.“
