Are you trading with China? For your convenience, we have introduced comprehensive financial services in Chinese yuan - settlement account, foreign exchange, forward contracts, foreign transfers as well as a range of trade finance (letters of credit, guarantees and counter-guarantees, documentary collection).
Settlement in Chinese yuan will give you competitive advantage by:
- lowering the cost of transactions (avoid multiple currency conversion)
- reducing the settlement time and easier valuation of commodities' price
- simplifying trade procedures between parties