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 was ranked the 1st place among the Top 1000 World Banks by The Banker, ranked 1st place in the Global 2000 listed by Forbes and topped the sub-list of commercial banks of the Global 500 in Fortune for the seventh consecutive year, and took the 1st place among the Top 500 Banking Brands of Brand Finance for the fourth consecutive year. As of end of 2019, ICBC offers a broad array of services to over 8 million corporate clients and approximately 650 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 London, Luxembourg, New York, Toronto, Moscow, Dubai and Hong Kong to a fund management joint venture with Credit Suisse Asset Management in Beijing, etc.. ICBC operates in 48 countries with 428 branch offices, while maintaining a global network of 1,445 foreign correspondent banks in 143 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 ICBC acquired a controlling interest in the Bank of East Asia (U.S.A.) N. A. in July 2012 from The Bank of East Asia, Limited.