Overseas Clearing Corporation Expands Operations in British Virgin Islands (BVI)

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OCC subsidiary Overseas Corporate Solutions Ltd (OCS) started operations in British Virgin Islands.

“Overseas Corporate Solutions Ltd in British Virgin Islands will be responsible for billing our institutional customers throughout the world"

Overseas Clearing Corporation (OCC) announced the opening of its subsidiary office in Road Town, British Virgin Islands on April 6, 2011. The new OCC subsidiary will operate under the name Overseas Corporate Solutions Ltd (OCS) and will play a crucial role in coordinating the global activities of OCC in 27 jurisdictions.

“Overseas Corporate Solutions Ltd in British Virgin Islands will be responsible for billing our institutional customers throughout the world and also for coordinating and consolidating certain activities of other OCC subsidiaries. The entity will also act as holding company for certain intellectual assets of the group,” says Michael Magnusson, CEO of Overseas Clearing Corporation and OCC Group Chairman.

OCC registers Financial Entities such as Banks, Finance Companies and Hedge Funds in various jurisdictions on behalf of clients on four continents. OCC also serves such clients with innovative financial IT solutions such as the proprietary NexorOne® Online Banking Software. The NexorOne Banking System has been deployed at more than 200 Financial Institutions in 12 different languages. OCC is headquartered in the World Trade Center in Panama City, Panama.

Press Contact:

Overseas Clearing Corporation
World Trade Center - 10th Floor
Panama City – 0832-0807 WTC
Republic of Panama
Phone: +507 366 9000
Fax: +507 366 9001
BIC: OVCCPAP1
http://www.overseaswtc.com

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Michael Magnusson
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