Hong Kong is having the unique advantage of offering payment systems in four currencies: USD, EUR, HKD and RMB. USD,HKD and RMB transactions are settled not only for banks in Hong Kong but also for banks outside Hong Kong.
ICICI Bank Hong Kong is a direct member in USD Clearing. We are the service provider (SP) for Cross Border Payments in USD. We offer two-in-one facility for correspondents to settle their payments through New York and Hong Kong Clearing.
ICICI Bank Hong Kong is a direct member in CNY (RMB) clearing. With internationalization of CNY (RMB), we are proud to offer RMB settlement services to banks. This service enables banks to carry out settlement in CNY (RMB) in Mainland China and outside China. Necessary restrictions apply as per clearing house rules and applicable regulations.
We provide correspondent banking service in HKD for settlement of HKD in Hong Kong.
ICICI Bank Hong Kong offers reimbursement financing under Letters of Credit to banks / correspondents subject to arrangement.