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:
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.