India gets its first online corporate treasury solution

Reliance Industries the first to transact on Standard Chartered''s system.
One month after the launch of its Indian On-line Treasury platform, Standard Chartered has concluded the first transaction - a foreign currency forward deal with Reliance Industries as the counter party. 

Alok Agarwal, treasurer at Reliance Industries Indias largest private sector enterprise - says that while they are in a bit of a trial mode with the system he was very keen to begin using the first online forex trading platform available to Indian companies. The benefit is the time efficiency, he says. Most important is that youre able to confirm all of the transactions right there on the screen.

When Standard Chartered launched its On-line Treasury in India during the...

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