RMB (Renminbi) is the name of Chinese Yuan with the official currency code CNY. As the 6th international payment currency in the world, RMB has been one of the five SDR currencies officially since October 2016.RMB AdvantagesTime SavingRMB payments will reach in a much shorter time to China.Cost CuttingMaking payment directly in RMB avoids surcharge and brings down the cost.Competitive EdgeAffecting payment in RMB improves the business relationship and increases the negotiation power with China-based partners.Investment OpportunityInvesting reserves in RMB may offer benefits from a potential appreciation of RMB.Risk AversenessWe offer multiple solutions (swap, forward, option, etc…) to mitigate RMB risk.Plentiful RMB ProductsDeposit, loan, trade finance, international settlement, etc...ICBC Turkey is committed to providing its customers with premier RMB services globally including but not limited to deposits, loan, investment, remittance, trade finance, bonds and other comprehensive financial services through our extensive cross-border network, with its professional team ready to assist you in the process of the ever-closer economic integration between Turkey and China.RMB ProductsDepositsThere are ranges of deposit tenors to choose from and enjoy preferential rate.LoanThere are ranges of loan tenors to choose from and enjoy preferential rate.ExchangeConducted through various service channels without any limitation on the amount, especially for RMB-TL exchanging, also, our no commission exchange service and preferential exchange rates help grasping every RMB opportunity.RemittanceConvenient remittance service processed via any of our branches. RMB Trade FinanceLetter of Credit, Letter of Guarantee, Forfaiting, etc.DerivativesRMB ↔ TL: Forward, Swap.RMB ↔ USD, EUR and other international currencies: Forward, Swap, Option.BondsBond issuance denominated in RMB for clients both in the Mainland China Market and all over the world.We can offer services to FIs and sovereign Funds, who consider investing into CIBM(China Interbank Bond Market).
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