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Securities Clearing , Financing and related Services

ICBCFS offers global clearing services to institutional clients. ICBCFS is a direct clearing member of the major US Clearing Corps, including DTCC, FICC, MBSCC, NSCC, OCC. ICBCFS is also a direct clearing member of Euroclear and offers local market settlements in Europe and Asia through its sub-custodian network. The direct links with these institutions allows us to provide real time status reporting to our clients as well as managing all cash and security positions intraday. The group has been providing clearing as agent or on a fully disclosed basis, financing and securities lending, back office outsourcing and reporting, and system support for broker dealers, hedge funds, high frequency traders, banks and proprietary traders since 1991. Our client base is primarily active and leveraged trading firms. We provide these services in both the domestic and international markets. Services include:

    · Front office trader workstations
    · Trade processing, clearance and reporting
    · Act as principal or agent for trades with approved counterparties
    · Finance trading activity in the repo and securities lending markets
    · Finance processing, collateral management and reporting
    · Provide operational control reporting
    · Accounting reporting

These services will allow you to support a trading operation without the burden of setting up, managing, and maintaining large back office personnel and systems. The intent of this service is to provide all of the data entry systems, credit enhancement, operations, accounting and reporting services that a back office of a securities firm would provide. We have developed some of the most comprehensive back office systems for supporting active traders in both the domestic and international market place. Please contact our clearing sales representative for additional information.

Funding Solutions:
ICBCFS provides securities lending and customer funding (via repurchase agreement) in certain markets. For certain markets, ICBCFS offers portfolio margining services allowing offsets that reduce the amount of deposits that a customer would be required to maintain at ICBCFS. ICBCFS does not trade a proprietary financing book or securities lending book; therefore there is no conflict of interest between our funding desk and our clients. Please contact our financing and securities lending desk for additional information.

Technical Support:
Clients have access to the ICBCFS Trade Support System (“TSS”) via the internet on a secure basis. All access uses proven encryption technology and each user has a user ID and password.
ICBCFS maintains a business continuity plan that allows for effective operations under a variety of contingencies. All data is replicated to our fully redundant disaster recovery site. The network infrastructure facilitates real –time data replication transmissions from our primary site in New York to our disaster site. In addition, critical network connectivity to third party partners, vendors and clients are duplicated in our alternate dedicated site.

 
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