Kuala Lumpur, 19 September 2018: KFH Malaysia was conferred the SWIFT Straight Through Processing (STP) Award 2017 by Citibank Malaysia. The Award is in recognition of KFH Malaysia registering STP in Remittance and Clearing rates of 95% and above. 

Quote from Norashikin Mohd Kassim, Executive Vice President of Treasury:
“This is indeed an honour and reflects positively on the Bank for the high execution success rate.  Going forward, we hope to achieve a success rate of 100%.”

The SWIFT STP Award by Citibank Malaysia is an annual award recognising financial institutions that have an STP success rate of at least 95% and above. 

STP refers to the point-to-point execution of a transaction without any error, repair or human intervention. A financial transaction using STP will be delivered to the recipient in a timely manner without any delay and with no additional costs due to repairs or errors.