ABN AMRO CLEARING CHICAGO LLC SWIFT CODE

FCALUS41396 – ABN AMRO CLEARING CHICAGO LLC

This SWIFT code is inactive.

SWIFT CODE	FCALUS41396
BANK	ABN AMRO CLEARING CHICAGO LLC
ADDRESS
CITY	CHICAGO
BRANCH	FCA PM ACCOUNT
POSTCODE
COUNTRY	United States

Detailed information about SWIFT Code FCALUS41396

ABN AMRO Clearing Chicago LLC SWIFT Code and Details

Overview of ABN AMRO Clearing Chicago

History and background

ABN AMRO Clearing Chicago LLC is a futures commission merchant and clearing broker that provides trading, clearing, financing and asset servicing solutions to institutional, commercial and individual clients. The company was founded in 2000 as part of the ABN AMRO banking group based in the Netherlands. In 2010, following the financial crisis, ABN AMRO Group was nationalized by the Dutch government and broken into pieces that were sold off. The parent company of ABN AMRO Clearing Chicago, ABN AMRO Clearing, was sold to a consortium of banks and reestablished as an independent enterprise. From its headquarters in Chicago and offices worldwide, ABN AMRO Clearing Chicago now serves a global client base across a wide range of markets and asset classes.

Types of services offered

ABN AMRO Clearing Chicago provides clearing, execution, custody, financing, and reporting services for exchange-traded derivatives, cash equities, fixed income securities, currencies, cryptocurrencies, and other asset classes. Key offerings include:

Clearing and custody of exchange-traded futures and options, OTC products, and securities
Execution and order routing services through global connections
Margin financing and securities lending
Collateral monitoring and optimization
Technology platform integration and management
Custom reporting and risk analytics

The extensive range of markets covered by ABN AMRO allows clients to consolidate activities through a single provider to simplify operations, reduce costs, and enable efficient allocation of collateral.

Corporate structure and leadership

ABN AMRO Clearing Holding N.V. is the parent company overseeing subsidiaries in the USA, Netherlands, UK, France, Germany, Hong Kong, Singapore and Australia. Frans van Mazijk serves as the company’s Chief Executive Officer leading an executive team with decades of cumulative industry experience. Oversight is provided by a Corporate Governance Council and Supervisory Board. As a regulated entity, ABN AMRO Clearing follows strict standards for risk management, compliance and capital adequacy enforced by regulatory agencies like the CFTC, SEC and FCA.

Understanding SWIFT Codes

What is a SWIFT code

SWIFT stands for the Society for Worldwide Interbank Financial Telecommunications which is the organization that oversees the SWIFT system. SWIFT codes uniquely identify each bank and financial institution on the SWIFT network. These codes always consist of 8 or 11 characters made up of letters and numbers that break down into specific components identifying the country, city, bank and branch or department.

SWIFT code components explained

All SWIFT codes contain a 4 letter bank code, 2 letter country code, 2 number location code and 3 number branch code. So a typical code follows the format BBBBCCLLXXX. Additional optional codes may also be specified.

How SWIFT codes are used for international money transfers

SWIFT codes allow financial messages to be securely routed through the SWIFT system to clearly identify where funds should be sent. By providing the destination institution’s SWIFT address, senders ensure payments go into the correct account. The SWIFT network facilitates reliable and fast borderless transfers between over 11,000 financial institutions in 200+ countries. SWIFT codes have become a global standard.

Break Down of SWIFT Code FCALUS41396

Now that we’ve covered the basics of what a SWIFT code is, let’s break down the specifics of ABN AMRO Clearing Chicago LLC’s code FCALUS41396:

FCAL – Bank code

Positions 1-4 containing FCAL denote the bank code assigned to ABN AMRO Clearing which is used for routing messages.

US – Country code

The 2 character country code US signifies that ABN AMRO Clearing Chicago LLC is registered as a financial institution in the United States.

41 – Location code

Next in positions 5-6 is the location code 41 identifying Chicago, Illinois as home to ABN AMRO Clearing Chicago LLC.

396 – Branch code

Finally, positions 7-9 contain the branch code 396 specifying the particular ABN AMRO branch. 396 references the futures commission merchant (FCM) and prime brokerage business lines.

Put together, FCALUS41396 completely and uniquely pinpoints ABN AMRO’s Chicago, USA location and department handling futures and prime brokerage accounts.

ABN AMRO Clearing Chicago LLC Specifics

Now that we understand the breakdown of ABN AMRO’s SWIFT code, it is also useful to gather some key specifics on the institution itself including address, contacts, regulators and clearing memberships:

Headquarters location

Main Office Address:
ABN AMRO Clearing Chicago LLC
175 West Jackson Blvd.
Suite 1000
Chicago, IL 60604
United States

Postal address

Postal Address:
ABN AMRO Clearing Chicago LLC
PO Box 3115
Carol Stream, IL 60132-3115

Phone and web contacts

Tel: +1 847-882-7000
Email: [email protected]
URL: www.abnamroclearing.com

Regulators and clearinghouses

ABN AMRO Clearing Chicago’s operations are regulated by:

US Commodity Futures Trading Commission (CFTC) – FCM designation
US Securities and Exchange Commission (SEC) – Prime broker dealer
Financial Conduct Authority (FCA) – OTC derivatives

Additionally, ABN AMRO Clearing maintains the following clearing memberships:

CME Group
OCC
ICE Clear US
LCH Ltd

These allow ABN AMRO Clearing to facilitate central counterparty clearing on major exchanges worldwide both for own accounts as well as for clients.

Using SWIFT FCALUS41396 for Transfers

Now that we have provided background details on ABN AMRO Clearing Chicago LLC, let’s cover how to utilize their SWIFT code FCALUS41396 when remitting funds or transferring positions.

Adding the SWIFT code for transfers

Many banks and money transfer platforms allow for inclusion of the destination SWIFT code when setting up a wire transfer or other electronic payment. By populating the field for SWIFT code/BIC address with FCALUS41396 funds can be directly routed through the SWIFT system to ABN AMRO Clearing Chicago LLC’s depository accounts.

Transaction flow with the SWIFT network

Once a transfer is initiated with the appropriate instructions, here is a simplified flow:

The sending bank communicates transfer details and the SWIFT code via the SWIFT network
SWIFT uses the code FCALUS41396 to route the messages to ABN AMRO Clearing in Chicago
Settlement instructions are forwarded to correspondents banks who facilitate the actual movement of money
Within 1-3 days typically, funds arrive safely into the intended ABN AMRO account

Utilizing FCALUS41396 throughout this process ensures accurate routing from start to finish.

Transfer speed and fees

Transfer speed varies based on currency, origin country, and whether intermediary banks are involved. However, most SWIFT transfers over the high-speed SWIFT FIN connection facilitate next-day delivery for major currencies like USD, EUR and GBP sent from Europe or North America. Costs are generally $5-$50+ per message depending on message type and the fees charged by various banks handling a transaction. Parties with direct SWIFT access can realize significant savings compared to traditional wires.

Benefits of Using ABN AMRO Clearing Chicago

ABN AMRO Clearing Chicago provides extensive services combined with the backing of a strong balance sheet. Key advantages include:

Reliability and experience

With roots tracing back hundreds of years to the original Dutch trading giants, ABN AMRO has a proven track record in managing market risk and moving assets safely across borders. Tens of billions in client assets are currently custodied by ABN AMRO Clearing Chicago.

Advanced trading platforms

Cutting-edge proprietary platforms offer streamlined front-end order placement and back-end clearing solutions plus sophisticated risk, collateral and position management tools leveraging the latest fintech innovations.

Client asset protections

Under CFTC regulations imposed on FCMs, assets deposited by clients must be strictly segregated from any firm positions in specially protected accounts. This prevents commingling of company and client funds or securities. Additional insurance policies add extra safeguards.

Opening an Account with ABN AMRO Clearing

For those interested in direct access to ABN AMRO’s brokerage and clearing services, opening an account follows this process:

Eligibility considerations

ABN AMRO Clearing Chicago offers direct account opening to:

Institutional customers – asset managers, funds, corporate treasuries, pensions, endowments, sovereign funds
Commercial customers – agriculture producers and consumers, energy/metals traders, small-medium enterprises
Retail clients – high net worth traders and investors

Required documents

Required paperwork includes:

Account application form
Corporate documents like articles of incorporation
Financial statements
Regulatory identifiers such as LEIs/National IDs
Disclosures and compliance attestations

Process timelines

Account setup takes approximately 1 week. Those needing expedited onboarding may qualify for next-day activation under certain conditions. Client service reps assist throughout the entire process.

Conclusion and Final Details

In closing, below are some key summary points as well as suggested next actions:

Confirming the SWIFT code

To reconfirm, the SWIFT code for ABN AMRO’s Chicago futures commission merchant unit is:

FCALUS41396

When remitting funds or transferring positions, be sure to reference this code within any payment messages to ensure accurate routing to ABN AMRO Clearing Chicago LLC.

Key takeaways

ABN AMRO Clearing Chicago LLC provides trading, prime brokerage, custody and financing solutions for a global client base
SWIFT codes like FCALUS41396 uniquely identify banks on the SWIFT secure financial messaging network
Specifying FCALUS41396 enables proper routing of international wires and transfers directly into ABN AMRO Clearing Chicago LLC’s segregated client accounts
ABN AMRO Clearing Chicago LLC offers advanced platforms and asset safety protections making them an ideal choice

Next steps for clients

Prospective clients needing world-class derivatives execution and clearing should consider ABN AMRO Clearing Chicago LLC. Engage a representative today to initialize the new account creation process. Those with further questions can contact their service team directly online or at +1 847-882-7000.

Frequently Asked Questions

Who regulates ABN AMRO Clearing Chicago?ABN AMRO Clearing Chicago is regulated by the CFTC as a Futures Commission Merchant, the SEC as a broker-dealer, and the FCA for certain OTC derivatives activities.
How long does it take to open a trading account?Individual trading accounts can typically be opened within 1 week. Expedited next-day account opening is available in certain situations. Institutional clients should give 2-4 weeks for full approval processes.
What asset classes can be traded through ABN AMRO Clearing Chicago?ABN AMRO provides trading and clearing on futures, options, OTC swaps, foreign exchange, government bonds and bills, money markets, metals, energies, agriculturals, equities, ETFs, ETNs, and cryptocurrency spot and derivatives.
Does ABN AMRO Clearing Chicago offer insured protection on client assets?Yes, per CFTC regulations all client funds must be strictly segregated from firm positions and additionally protected by SIPC and excess insurance policies on cash/securities exceeding standard limits.
How do I get help with using the SWIFT network?Contact the client services team at ABN AMRO Clearing Chicago via email or phone +1 847-882-7000. Additionally, most major banks have dedicated SWIFT specialists to assist clients in properly formatting messages, integrating systems, and managing key exchanges.