Clearing & Custody Services
BOC U.S.A. has an extensive global payment network for fund clearing and security settlement supported by experienced staff with a successful track record in cross-border transactions globally
Bank of China U.S.A. is the primary U.S. dollar clearing channel of Bank of China group and is the online participant member of Clearing House Interbank Payments System (CHIPS), Federal Reserve Wire Transfer System (FedWire), and The Society for Worldwide Interbank Financial Telecommunication (SWIFT). As one of the only designated RMB Clearing Banks operating in the U.S., BOC U.S.A. provides real-time RMB cross–border clearing services.
As a member of The Federal Reserve System, Depository Trust Clearing Corporation and Euroclear, BOC U.S.A provides security settlement of US dollar denominated securities, collects income, processes corporate actions, and provides reporting services.