Efficient, Accurate and reliable USD Clearing Services
As a member of the two principal USD payment systems CHIPS and Fedwire and accomplished by a state of art in-house developed Global Multi-currency Payment System, CCB provides real-time settlement services for USD payments via the most appropriate payment system, CHIPS, Fedwire or via book transfer; CCB teams (Beijing and New York) process a 21.5 hour non-stop USD Clearing service as well as inquiry service covering all time zones.
Key features
1. Clearing Excellence
Extended processing day (21.5 hours) for USD payments that enable you to complete more same-day global payments
Same-day real-time process for Asian time payments
Over 97% Straight Through Process (STP) rate
USD clearing center for China Construction Bank Group, processes 96% of USD payments from CCB and over 1 million transactions annually
2. State of art in-house developed GMPS system
In-house developed Global Multi-currency Payment System (GMPS) is CCB’s integrated payment process platform for both CCB mainland China branches and CCB overseas’ institutions, as well as the platform for HKD settlement bank of Mainland Foreign Currency Payment System and USD settlement bank of China foreign exchange system, which was appointed by the People’s Bank of China and the Shanghai Clearing House separately
Automatically choose book transfer, CHIPS or Fedwire payment channels
Automatically correct the error messages and convert the payment format
3. Innovative and comprehensive operational solutions and services
Tiered fee schedule and competitive prices; automatically split the payment messages subject to the beneficiary banks to avoid the inter-bank charges for the remitters
Chinese and English bilingual client services provided by Beijing and New York team covering all time zones
Full range of clearing products such as full payment, credit cards clearing and Asian time priority payments
Online banking --- self-service inquiry and reporting tools
4. Business resiliency
Centrally maintained and supported by CCB Head Office with 24 hour IT support
Robust contingency and disaster recovery capabilities that are regularly tested
5. Liquidity Strength
Guarantees and full support from the Parent Bank
Intra-day and overnight Overdraft facilities*
Re-finance and treasury services
*Subject to credit line between us.
6. Broad clearing network
RMA relationship with over 1100 banks
Continuously increasing correspondent banks enables a good book transfer rate
Clearing Bank Information
Bank Name：China Construction Bank New York Branch
CHIPS ABA：1468
Fedwire ABA：026014685
SWIFT BIC：PCBCUS33XXX
Contact Info
Tel: 1-646-781-2486/2425
Fax: 1-212-207-8288
E-mail: CCBNY.FI@ccbny.com
