Chase Launches Deutsche Mark Clearing For First Time In Japan
BANKS
Chase Manhattan Bank says it will begin offering clearing for Deutsche mark transactions in Tokyo, making it the first bank to offer Japanese customers clearing services for both the dollar and mark in Japan, officials say. The facility will be available by the second week of August, officials say.
Clearing for mark transactions will be similar to the way it's now conducted in the dollar clearing service, say officials, whereby a customer holding a demand deposit account with Chase in Tokyo can
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