Date:22/07/2004 URL: http://www.thehindubusinessline.com/2004/07/22/stories/2004072201830800.htm

Back HLL, Stanchart in pact for online trade banking

Our Bureau

Mumbai , July 21

STANDARD Chartered Bank has signed a `Trade and Foreign Exchange Management Lead Bank Arrangement' with Hindustan Lever Ltd, whereby it will process the bulk of the trade transactions of HLL and its group companies in India through its electronic trade banking platform.

The bank's electronic trade banking platform, `B2BeX. B2BeX', is a Web-based trade management system through which HLL can initiate and receive advice of its trade-related banking transactions electronically, according to a release.