RMB &GBP Clearing

COMPETITIVE CNY CLEARING

The move towards RMB internationalisation began in 2010 and continues to accelerate.  The growth in RMB trade settlement and issuance of RMB denominated bonds has created new liquidity channels and market depth in both the onshore (CNY) and offshore (CNH) markets.

The CNY and CNH markets remain separate, however, onshore CNY can be converted into offshore CNH through a variety of routes that have been opened through the RMB internationalisation process.

The CNH market is the most visible with rapid growth in the development of CNH products and global RMB centres alongside Hong Kong such as Taiwan and Singapore.

The increased liquidity and market depth is encouraging financial institutions and their clients to look for new financing, investment and risk management opportunities and enables banks to support their clients’ RMB business both in and outside of China.

As a result of this increased activity, SWIFT (global payment solution) shows that RMB is now the 8th most traded currency in the world with a 1.49% market share in August 2013 and that since January 2012, the RMB FX trading has increased by 113%.

CCB  London offers a full range of payment capabilities including:

Services

•     Full STP

•     Book transfer by utilisation of the large CCB Branch network

•     Cross border transfers

•     24/5 access

•     Competitive Deadlines

Liquidity Management

•     Intra-day Credit

•     Overdraft Facilities

•     FX Products

•     Other Treasury Products

Channels

•     Swift

EFFICIENT GBP & OTHER CURRENCY CORRESPONDENT BANKING

CCB London’s Correspondent Banking services are fast, efficient and competitively priced.  These are underpinned by first class service with the added benefit of extensive local expertise and domestic-China based support.

As the Sterling clearing centre for the CCB group, CCB London has access to its network of over 13,000 offices in China as well as its branches in Asia, North America, Australia and Africa. 

It offers both domestic and global payment services:

Products

-  LCY/FCY Current Accounts

-  LCY/FCY Call and Term Deposits

-  Money Market Deposits

Services

-  Full STP

-  24/5 access

-  Competitive Deadlines

Liquidity Management

-  Intra-day Credit

-  Overdraft Facilities

-  Deposit taking

-   Foreign Exchange

-   Derivatives

Channels

-  SWIFT