Transaction banking & cash management
One view of group cash, across every bank you use
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Corporate & Investment
Correspondent banking
US dollar clearing and settlement for banks that need an American counterparty
Overview
Nostro and vostro accounts, clearing, settlement and trade services for financial institutions needing access to the US dollar and US payment systems.
We run a conservative correspondent book. Relationships go through full financial crime due diligence before opening and are reviewed annually.
Why HBI
Covered by people who know your sector
Our corporate and investment bank is organized by sector and staffed regionally. The people pricing your risk follow your industry every day, with research, sales and structuring on one desk.
We lend, advise and make markets, and we test each against the others before proposing a structure. Where those roles could conflict we say so, and you choose which one we take.
What you get
Everything that is included
The full list, not the highlights. If something is not here, it is not included.
Features
- US dollar vostro accounts
- Commercial and treasury payment clearing
- Trade finance services, including LC advising and confirmation
- Cash letter and check collection services
- SWIFT connectivity, including gpi tracking
- Regulatory updates on US sanctions and payment rules
What you need to qualify
- Licensed and regulated financial institution
- Completed Wolfsberg Correspondent Banking Due Diligence Questionnaire
- Satisfactory financial crime compliance and sanctions program assessment
- USA PATRIOT Act certification, audited financial statements and ownership disclosure
Not sure you qualify?Speak to a banker before applying. A conversation costs nothing and does not touch your credit report.
Good to know
How we look after you
Three commitments that apply to every corporate & investment product, this one included.
Documentation runs in parallel
ISDA, facility and custody documentation is negotiated alongside credit approval rather than after it, which typically saves several weeks.
Conflicts are disclosed, not managed quietly
Every mandate passes group-wide conflict clearance before engagement. Where we hold more than one role, each is set out in the mandate letter.
One coverage banker
A single senior banker is accountable for the relationship across lending, markets, advisory and transaction banking.
Questions
Questions clients actually ask
If yours is not here, a banker will answer it directly.
Six to twelve weeks, driven mainly by financial crime due diligence. A complete Wolfsberg questionnaire at the outset shortens it considerably.
No. We do not permit downstream correspondent clearing through our vostro accounts, and this is a condition of the relationship.
US dollars directly, plus EUR, GBP, CAD and JPY through our own correspondent network.
Yes. Payments carry gpi tracking end to end, so you can see where a payment is and what has been deducted.
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Corporate & Investment
Ready to take this further?
Apply online in about ten minutes, or ask a banker to call you at a time that suits.