ICBCFS | INDUSTRIAL & COMMERCIAL BANK OF CHINA FINANCIAL SERVICES
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ICBC

ICBC

FINANCIAL SERVICES

ICBC

ICBC

FINANCIAL SERVICES

ICBC

ICBC

FINANCIAL SERVICES

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OUR SERVICES

Clearing Solutions

ICBCFS can be a single point of entry to global clearing and settlements. We manage our clients complexities and nuances, rendering the process more efficient while reducing their risk.

Financing Solutions

ICBCFS offers highly customized financing solutions to support the growing demands.

Value Added Capabilities

OMS/EMS

All About ICBCFS

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.

NOTICE

On November 8, 2023, U.S. Eastern Time (November 9, 2023, Beijing Time), ICBC Financial Services (FS) experienced a ransomware attack that resulted in disruption to certain FS systems. Immediately upon discovering the incident, ICBC FS disconnected and isolated impacted systems to contain the incident. ICBC FS has been conducting a thorough investigation and is progressing its recovery efforts with the support of its professional team of information security experts. ICBC FS has also reported this incident to law enforcement. We successfully cleared US Treasury trades executed Wednesday (11/08) and Repo financing trades done on Thursday (11/09).

ICBC FS's business and email systems operate independently of the Industrial and Commercial Bank of China Group. The systems of the ICBC Head Office and other domestic and overseas affiliated institutions were not affected by this incident, nor was the ICBC New York Branch.

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