ICBC is the largest bank in RMB assets and RMB settlement as well as the largest RMB bond underwriter and RMB money market maker. ICBC is the pioneer in the RMB business and a main market maker in the world. ICBC concluded the globally first market-making deal at offshore RMB interest rate, issued the first-ever RMB-denominated CD which was under custody and settled in the U.S. It is also the first RMB clearing bank qualified for dealing with foreign exchange options and currency swaps.

Cross-border RMB Clearing
ICBC can provide around-the-clock RMB settlement services world wide. ICBC has owned seven RMB clearing banks designated by the People's Bank of China, in Singapore, Luxembourg, Canada, Qatar, Thailand, Argentina and Russia. As the first financial institution with overseas RMB clearing banks in three time zones including Asia, Europe and America, ICBC can provide 24-hour cross-border offshore RMB clearing services.

Clearing services for institutional clients or corporate clients include local clearing, cross-border clearing with China.

Cross-border RMB Settlement
ICBC’s overseas subsidiaries and branches directly and indirectly cover more than 60 countries and regions. All the overseas institutions with local regulatory permit have offered the cross-border RMB business, and many of them have become major players in the local offshore RMB market. The Branch can take advantage of this network and provide more efficient service to its clients in Switzerland.
The main cross-border RMB Settlement instruments include:
-- cross-border RMB remittance
-- RMB import / export bills collection
-- RMB import / export Letter of Credit

RMB Trade Financing
ICBC can provide corporate clients RMB denominated trade finance services as follows:
-- RMB Advance Payment Financing
-- RMB T/T Payment Financing
-- RMB Import Bills Financing
-- RMB Export Invoice Financing
-- RMB Packing Loan
-- RMB Export Bills Purchase / Discounting
-- RMB Factoring Financing
-- RMB Forfaiting
-- RMB Risk Participation
-- RMB Overseas Refinancing

RMB Corporate Financing
ICBC can provide corporate clients RMB corporate financing services as follows:
-- RMB Syndicated Loan
-- RMB Merging and Acquiring Loan
-- RMB Working Capital Loan
-- RMB Corporate Loans Secured by Overseas SBLC
-- RMB Cross-border Loan
-- RMB Project Loan

RMB Bank Guarantees
Standby letters of credit and bank guarantees are issued by ICBC for account of its customers to third party beneficiaries.
ICBC can provide types of RMB bank guarantees include:
-- RMB Bid Bond
-- RMB Advance Payment Guarantee
-- RMB Payment Guarantee
-- RMB Deferred Payment Guarantee
-- RMB Performance Guarantee
-- RMB Quality Guarantees

RMB Bond
ICBC is the first qualified book-runner and underwriter of SDR denominated bond. After RMB joined the basket of SDR in Oct. 2016, ICBC has been the only Chinese commercial bank so far, which underwrote the SDR denominated bonds in China issued by the World Bank and other financial institution since 1981. ICBC not only provide underwriting services, but also provide risk hedging strategy and RMB clearing services.

As an agent of the Head Office, our services include:
-- Assisting Swiss clients to apply for RQFII quota, and the Head Office can provide RQFII custody service.
-- Assisting Swiss clients to access China interbank RMB bond market and China RMB-FX market. The Head Office can provide agent services including RMB bond investment and RMB-FX trading on behalf of client as an agent.
-- Assisting Swiss companies and financial institutions to issue Panda Bond in China. The Head Office can be the lead bond underwriter.
-- Assisting Swiss companies and financial institutions to issue SDR denominated bond in China. The Head Office can be the lead underwriter and offer risk hedging solutions.