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USD Clearing & RMB

USD Clearing

Bank’s Infomation: Industrial and Commercial Bank of China Ltd., New York Branch
Fedwire ABA No.:026014591?
CHIPS ABA No.:1459

Featured Clients: Banks and Non-bank Financial Institutions

ICBC New York Branch is the USD clearing center for Industrial and Commercial Bank of China Ltd. Group. Being direct USD clearing participant of both CHIPS and Fedwire, ICBC NY provide convenient global USD clearing services,  inquiry and many other competitive edges for various Financial Institutions. 

Account based Solution is tailored as clearing solution for non-US based banks with China payment needs, while CHIPS/Fedwire Remittance Express Solution is customized for US-based banks with China payment needs. We provide full range clearing products including Bene-Deduct products, Full Transfer Service, Return Funds Special Handling, Priority Payment, Card Organization Settlement, Account Reconciliation Statement, Account Overnight Sweeping, STP report and etc.

CNH & CNY Quoting

CNH pricing for all offshore RMB needs for financial institutions and corporates. Our Spot and Forward CNH prices are competitive with any available in the market. We will quote CNH against all major currencies.

We can provide onshore CNY Spot and forward pricing to financial institutions and corporates during NY hours.  Client trade background is a prerequisite for dealing in CNY.