The traditional way of sending 'Nostro' account statements of the Bank's Indian branches back to them was time consuming.

Syndicate Bank's Treasury uses the Reuters Dealing 3000 system. Every day, the dealers negotiate and confirm various types of deals covering Spot, Forward, Swap, Deposit, Forward Rate Agreement and Interest Rate Roll Over.

Manual posting of high value money market and forex deals carried with it the risk of error prone entries, missed out deals, lack of suitable and timely checks & verification and inability to ascertain accurately counter party dealing limits and increased the operational risk vulnerability.

Bank of Baroda U.K conducts it's clearing through Natwest/Royal Bank of Scotland.