When you need to efectively anticipate, monitor and manage your global RMB fund, BOCOM will provide, within the scope permitted by relevant policies, services including cross-border RMB two-way cash pool, and cross-border RMB collections. This will help you to gain thorough understanding of the RMB fund of your global institutions, management cross-border payments in a centralized manner, to realize proper fund allocation and management, and reduce cross-border operation risk.
- You need to:
- Sign service agreement with BOCOM;
- Comply with relevant laws, regulations and policies and regulatory requirements for cross-border circulation of money by regulatory authorities of diferent countries and regions.
When you have RMB fund in your hand and want to increase returns through wealth management services, BOCOM can provide you with innovated wealth management products which embed deriva-tive financial instruments into RMB deposits and link returns to international market interest rate, exchange rate, commodity price, stock index or credit standing of the entity.
Customize product to demand (tenor, linked benchmark, yield)
Indirectly share investment return of the international finance market
Both principal and proceeds paid in RMB at maturity to mitigate exchange rate risks
- Sign product agreement with BOCOM;
- Submit application.
When you make a purchase from your overseas afliate and agree on payment at usance in RMB, you may deposit the fund for payment to BOCOM, and BOCOM will entrust an overseas correspondent bank to provide your overseas afliate with export trade finance.
- In handling the transaction, you will be asked to present to BOCOM:
- Application;
Business contract, commercial invoice and freight bills.
BOCOM will provide you with integrated financial services including placement, underwriting, financial agency, financial consulting and cross-border settlement, when you plan to issue RMB bonds overseas.
When the entity of bond issue is a company registered in China:
Permit to issue RMB bonds overseas for enterprises;
Letter of attorney for placement and underwriting signed with BOCOM;
Other materials required by overseas underwriters.
When the entity of bond issue is a company registered abroad:
Permit to foreign-invested enterprises;
Letter of attorney for placement and underwriting signed with BOCOM;
Other materials required by overseas underwriters.