<div id="readability-page-1"><div id="contentdata"><div>  <h2>A Standard Chartered Plc bank branch in Mumbai, India. Photographer: Kuni Takahashi/Bloomberg</h2> </div>  <p>Standard Chartered Plc has emerged as the front-runner to become the settlement bank for real-time dollar-denominated trades in India’s newest financial hub, according to people familiar with the matter.</p><p>The Clearing Corp. of India Ltd., which has been tasked to set up the settlement system, will start testing the new model by January, said the people, who asked not to be identified as the discussions are private.</p><p>Authorities are aiming to roll out the service through April after different bank units in the Gujarat International Finance Tec-City, or GIFT City, have tested the system, they said.</p><p>The move is likely to speed up transactions at a time when foreigners are showing greater interest in India and its sovereign bonds are added to global indexes, including those of JPMorgan Chase &amp; Co.</p><p>Standard Chartered declined to comment, while Clearing Corporation did not reply to a request seeking comment.</p><p>A settlement bank is traditionally responsible for processing trades, dealing with everything from the exchange of payment from buyer to seller and the transfer of securities.</p><p>The rupee traded steady at 84.25 per dollar on Tuesday, while most other emerging-Asian currencies were lower on the back of a stronger dollar.</p><p>Last year, the Reserve Bank of India started a domestic non-deliverable forward market for derivatives settled in dollars at the GIFT City. Some foreign banks are already offering derivative products to investors who want exposure to India without necessarily having to set up shop in the country.</p><p>Globally, there are efforts underway to make sending money across borders faster and less complicated. Currently, most cross-border transactions rely on a network of correspondent banks, which can make settlements expensive and lead to delays.</p></div></div>

渣打集團

<p>渣打集團即將成為印度 GIFT 城美元計價交易的結算銀行。印度清算公司計劃在一月份測試新的結算系統，預計將在四月份推出。此舉旨在加快交易速度，因為外國對印度的興趣日益增長，特別是印度的主權債券被納入全球指數。印度盧比對美元保持在 84.25 的穩定水平，同時全球範圍內繼續努力簡化跨境交易</p>

渣打集團有望成為 GIFT City 的美元結算銀行