ICBC signed a memorandum of cooperation in SWIFT E&I with Bank of New York Mellon in Hong Kong On September 15, 2009. Mr. Yi Huiman, Vice President of ICBC, Madam Karen Peetz, Vice President of Bank of New York Mellon and Mr. Ian Johnston, President of Asia-Pacific Region of SWIFT were present on the Ceremony and made speeches.
　
It is reported that SWIFT E&I is a solution to inquiry/inquiry response business introduced by SWIFT. This solution provides standardized inquiry criteria with significant meanings for commercial banks in enhancing liquidation business quality and consumer service level. As pioneers of SWIFT E&I market, ICBC and Bank of New York Mellon have first put into the production of SWIFT E&I globally. They have formally launched inquiry/inquiry response business based on SWIFT E&I standard in the last July and pushed forward cooperation in the field in depth. 

Bank of New York Mellon is the first cooperation partner of ICBC in SWIFT E&I. The signatures of cooperation memorandum by both parties started a new epoch of SWIFT application in banking industry and signed that the level of inter-bank liquidation inquiry business had gone to a new step. Presently ICBC is not only the first commercial bank putting into production in SWIFT E&I in China, but also the first commercial bank putting into SWIFT E&I through independent R & D in the world. In the next step ICBC and Bank of New York Mellon will further strengthen their cooperation in order to boost the promotion and application of SWIFT E&I throughout the world and encourage more banks to become SWIFT E&I users.