National Settlement Depository Wins J. P. Morgan Award

25 December 2019
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National Settlement Depository (NSD) has once again received J.P. Morgan’s Elite Quality Recognition Award for the outstanding quality of outgoing USD payment instructions. Every year, NSD settlement services are recognized due to the high level of payment processing.

The Elite Quality Recognition Award was given to NSD for the highest quality of interbank payment instructions MT202 (99.93% of STP payments) and the highest quality of commercial payment instructions MT103 (99.75% of STP payments).

This way, J. P. Morgan, the largest U.S. credit and financial institution, acknowledges financial institutions that carry out USD payments automatically with a high level of straight through processing (STP).

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