Cambridge Mercantile Group is a recipient of the Deutsche Bank STP Excellence Awards for 2010

TORONTO, July 7, 2011 /PRNewswire/ - Cambridge Mercantile Group, a leader in the foreign exchange and global payments industry, has received the Deutsche Bank Straight Through Processing (STP) Excellence Awards in recognition of the outstanding STP rating of 98.57% for USD payments and 99.96% for EUR payments. This marks the third consecutive year Cambridge has been honoured with the Deutsche Bank STP Excellence Awards.

"The Deutsche Bank awards received over the past three years demonstrate the knowledge and expertise in payment processing by the Cambridge Operations Team and reflect the service commitment to our clients in ensuring that payments are routed correctly," said Sharna Gayle, Vice President of Operations and Banking Relationships at Cambridge Mercantile Group. "Our priority is to maintain the highest possible STP rates to reduce overall cost for our customers and avoid payment delays."

J. C. Martin, Senior Client Manager, Global Transaction Banking, Deutsche Bank, said, "Cambridge Mercantile Group continually shows its commitment to operational excellence and to industry standards by winning this award for three years straight. We look forward to the opportunity of continuing to support Cambridge's award-winning STP efforts."

Cambridge Mercantile Group prides itself in providing the highest level of service to its clients, focusing on contentiously improving its systems, processes and solutions in order to surpass client expectations. This drive to exceed is instilled in all aspects of Cambridge's work, from its specialized team to its efficient new Cambridge Online platform.

About Cambridge Mercantile Group

For almost two decades, Cambridge Mercantile Group has been earning the trust and respect of leading companies around the world by helping manage their foreign exchange and global payments. With offices strategically located across North America, the United Kingdom, and, in 2011, Australia, Cambridge facilitates the secure and prompt movement of billions of dollars annually for thousands of clients, across a variety of industries. Cambridge continues to cultivate innovation by introducing customer-centric products such as Cambridge Online and through the recent acquisition of E4X. For more information, visit www.cambridgefx.com.

SOURCE Cambridge Mercantile Group