To: RMF who wrote (518 ) 1/21/1998 12:33:00 PM From: Robert Dydo Read Replies (1) | Respond to of 1248
Micap I was trying to find something more about this bank. I found only two companies who were to use credit facility created by Standard Bank London and they were IPL for their project in Congo and GMX for their prospects in Nevada. Both companies have to complete td on their properties and I tracked the information and I found they have established possible credit facility before feasibility which in case of IPL was just completed recently. I look for some description of the bank and their "knowhow" and this is what I have found: "In 1992, the group established Standard Bank London Limited and acquired banking operations in Jersey and the Isle of Man. Since then, a broker dealer has been established in New York, Standard New York Inc, and a deposit taking institution in Hong Kong, Standard London (Asia) Limited. The Isle of Man operations were strengthened by the acquisition in January 1995 of the Stanchart banking activities on the island. Standard Bank London offers a wide range of specialist banking services and, through the group's extensive African network, promotes trade, investment and business between these territories and the rest of the world. Subsidiaries in Hong Kong and New York give the group the required presence in these key financial centres to provide global banking and treasury services to its clients. Standard Bank London is a leading market maker in South African equities, fixed interest, derivative and currency markets. It is active in the emerging African, Latin American and Eastern European sovereign debt markets and in corporate debt trading. The bank is a market maker in the platinum group of metals and actively trades other precious metals. A base metals trading capability has been added. The group has also become an important participant in the primary and secondary trade finance and forfeiting markets, using its strength in Eastern Europe, Africa and the Far East, and offers flexible pre- and post-export financing for commodities and capital goods. Standard Bank London Limited is a member of the London Stock Exchange, The Securities and Futures Authority, The London Bullion Market Association, The London Metal Exchange and The London Platinum and Palladium Market. It is a joint co-chairman of The London Platinum and Palladium Fix." The bank is a part of Standard Bank of South Africa group. Regards Robert