ICBCFS | About Us
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About Us

ICBC FINANCIAL SERVICES

Headquartered in New York City, the Industrial and Commercial Bank of China Financial Services (“ICBCFS”) is a wholly owned subsidiary of the Industrial and Commercial Bank of China Limited (“ICBC”).  We provide global clearing, execution and financing services in all major markets to a wide range of institutional clients, as well as, facilities management services.

ICBCFS maintains memberships in leading domestic exchanges and clearing organizations, including NYSE, NASDAQ, OCC, DTCC, FICC MBSCC, and possesses local market settlement capabilities throughout the world. We are also a member of SIPC. Products cleared by ICBCFS include:

  • U.S. Treasuries/Agencies
  • Mortgage Backed Securities
  • Corporates & Euro Bonds
  • Municipals
  • Sovereign Issues
  • US Equities
  • Convertibles
  • Warrants & Depository Receipts
  • Options
  • Global Equities
  • ETF’s

Competitive Financing & Outsourcing

ICBCFS also provides highly competitive financing and outsourcing solutions, including:

  • Margin Lending
  • Securities Lending
  • Repurchase/Reverse Repurchase Agreements
  • Facilities Management
  • Omnibus clearing
  • Equity Execution

Our

Clients

Some of our clients include:

  • Broker-dealers
  • Hedge funds
  • Proprietary traders
  • Global banks

Our Management Team

The professionals at ICBCFS possess on average 20+ years of industry experience. Many  of our professionals have worked together before at other leading firms. Several members of our team have been with ICBCFS and its predecessors, since 1991.

Industrial & Commercial Bank Of China Limited

ICBCFS is a wholly owned subsidiary of the Industrial and Commercial Bank of China Limited.  ICBC is the world’s largest bank as measured by deposits and gross profitability. It offers a broad array of services to over 4 million corporate clients and approximately 430 million individual customers.  ICBC maintains a Moody’s” A1” and S&P “A” credit rating. ICBC’s subsidiaries range from commercial and investment banks in Toronto, London, Moscow, Almaty, Dubai, Kuala Lumpur, Jakarta and Hong Kong to a fund management joint venture with Credit Suisse Asset Management in Beijing.  ICBC  operates in 34 countries with 252 branch offices, while maintaining a global network of approx. 1,730 foreign correspondent banks in 137 countries.  In 2011 ICBC became the first Chinese bank to receive permission from the U.S. Federal Reserve to acquire  a controlling stake in a U.S. bank, when it acquired the U.S. branches of The Bank of East Asia.