Sumitomo Mitsui Banking Corporation (SMBC) is committed to providing fast and accurate Japanese Yen clearing services, making us one of the most competitive banks in the industry. SMBC actively participates in industry organizations such as SWIFT, CLS Bank and is a direct member of local networks (BOJ Net, Foreign Exchange Yen Clearing System (FXYCS), Zengin System, etc.). Combining professional expertise and vast experience, we serve over 2,500 correspondent banks. Of these banks, approximately 1,000 have Yen accounts with SMBC.
Our Service Strength
Customer focused service.- Large domestic market share including Mitsui Group and Sumitomo Group.
- Highly dedicated English speaking staff.
- Continuous investment in highly sophisticated technology.
- Direct member of all clearing systems in Japan.
- One of the major Yen clearers of the Foreign Exchange Yen Clearing System.
- High STP ratio for both inter-bank and customer transactions.
- Real Time account inquiry and reconciliation through Internet based "WEB Reporting Service".
Domestic Market Share
SMBC's domestic market share is one of the largest among banks in Japan. We have 27 million accounts of consumer customers and we have the largest market share in selling mutual funds. As for the corporate customer base, we have a wide range of corporate customers including Mitsui Group and Sumitomo Group. Our corporate divisions maintain relationships with over 210,000 companies in Japan.
Through our expansive global clients, SMBC has established itself as a leader in serving international banking activities.
Service Description
