A. Money Market
ICBC Seoul Branch offers active quotation to the money market and has gained the reputation of being among the largest foreign bank branches in Korea. We provide financial transactions of various tenors and have a strong track record in RMB transactions.
B. RMB/KRW Direct Trading Market Maker
The Korean government launched the RMB/KRW direct market in 2014 in order to enhance the efficiency of the financial market and support trade between the two countries. The ICBC Seoul Branch was designated as a RMB/KRW direct market maker bank in December 2014 and through its considerable trade volume, is supplying liquidity in this market. Our branch is enlarging our exchange capacity in this market and meeting clients’ various needs. Also, we are more than prepared to efficiently assist the execution of RMB-related businesses.
C. Refinancing of Overseas Financial Institutions
Upon refinance request of a correspondent bank regarding trade finance transactions, ICBC Seoul Branch provides financing facility and payment services for the settlement of international trade of the client.
D. Risk Participation under Trade Finance
ICBC Seoul Branch participates and purchases trade risk in the market, cooperate with Chinese banks. Our bank covers a wide range of transactions from L/C Discounting, Pre-Acceptance L/C Discounting to Import Loan and T/T Refinancing. ICBC’s Global CreditManagement Systems ensures smooth .progress of your application.
Upon receipt of acceptance by the issuing bank or confirming bank, ICBC provides the purchase of trade-related receivables without recourse discounting.
F. Assets Reselling
Asset reselling is the transfer of debentures or beneficiary rights in accordance with amount, date of maturity, and risk to another financial institution. Our bank has a large consumer base of financial institutions, including correspondent banks, brokerage firms, and lease companies, and can supply financial institutions with liquidity. Specific methods include risk participation and asset securitization.
G. FIs Deposit
This is a deposit in which a financial institution (client) and our bank agree upon terms and interest rates prior to the deposit. Upon the date of maturity, the principal amount and accrued interest can be withdrawn. Various currencies, including USD, KRW, and RMB, can be used to make deposits.
H. Other FI Business
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