You can submit foreign exchange settlement and sale business application through the China Merchants Bank New York Branch corporate e-banking system. This includes real-time delivery, non-real-time delivery, forward foreign exchange settlement and sale business.
Product Advantages
1、It does not require submission of a paper application at the bank counter.
2、Application time is not restricted and available 24/7.
3、Simple operation with a user-friendly interface.
4、Hierarchical authorization, group management: It supports "corporate banking" group enterprise user management mode.
Spot Foreign Exchange Settlement refers to the business that the bank provides customers with the trading business of RMB,USD and other negotiable currencies according to the instant list price. Agency Spot Foreign Exchange Settlement and Sale business can meet your demand for immediate conversion of foreign currency,and can be used as a value maintenance and hedging tool.
Term:The delivery date of a Spot Foreign Exchange Settlement and Sale can be within two business days (inclusive) after the trading day.
Currencies:including RMB against USD, HKD, JPY, EUR and other major currencies.
Target Customers:
1、Individual,corporate or institution customers who need to exchange foreign currency for RMB,or exchange RMB for foreign currency.
2、Import and export trade settlement,conversion of guarantee deposit
3、Customers who want to open a foreign currency account at the China Merchants Bank New York Branch, or have no account for multi-currency conversion.
Spot foreign exchange for customers refers to the business that the bank provides you for the trading business of RMB, USD and other negotiable currencies according to the instant list price. Agency Spot Foreign Exchange Transaction business can meet your demand for immediate conversion of foreign currency, and be used as a value maintenance and hedging tool.
Term:The delivery date of a Spot Foreign Exchange Transaction can be within two business days (inclusive) after the trading day.
Currencies:including USD, HKD, JPY, EUR and other major currencies.
Target Customers:
1、Individual, corporate or institution customers who need to exchange foreign currencies.
2、Import and export trade settlement, conversion of guarantee deposit.
3、Customers who want to open a foreign currency account at the China Merchants Bank New York Branch, or have no account for multi-currency conversion.
Customers sign a Forward Foreign Exchange Settlement and Sale Contract with the China Merchants Bank New York Branch, reach an agreement on the currency, amount, term and exchange rate of future foreign exchange settlement and sale, and handle foreign exchange settlement and sale business according to the agreed currency, and the amount and exchange rate specified in the forward contract when due foreign exchange income or payment occurs.
Advantages:
1、It can lock the price for the forward foreign exchange settlement and sale in advance, thus avoiding the risk from exchange rate fluctuations.
2、Flexible term. A fixed period or delivery date can be selected flexibly according to different needs.
3、With a variety of delivery methods, customers can apply for advance delivery, batch delivery and delivery date extension.
4、With application for China Merchants Bank’s online settlement and sales, customers can conveniently submit an entrustment from any location.
Term:Forward Foreign Exchange Settlement and Sale can be operated after T+3 days (T: today).
Currencies: CNH, USD, EUR, HKD and other major currencies.
Transaction Method:market order,limit order.
Target Customers:corporate customers who have foreign currency exposure and attempt to lock in the price of future foreign exchange settlements and sales.
Customers sign a Forward Exchange Transaction Contract with the China Merchants Bank New York Branch, reach an agreement on the currency, amount, term and exchange rate of future foreign currency exchanges (excluding RMB), and handle foreign exchange purchases and sale business according to the agreed currency, amount and exchange rate specified in the forward contract when due foreign exchange income or payment occurs.
Advantages:
1、Locks in the price for the Forward Foreign Exchange Settlement and Sale in advance to avoid risk of exchange rate fluctuations.
2、Term is flexible. A fixed period or delivery date can be selected flexibly according to different needs.
3、With a variety of delivery methods, customers can apply for advance delivery, batch delivery and extension of delivery date.
4、With application for the China Merchants Bank New York Branch’s online settlement and sales, customers can conveniently submit an entrustment from any location.
Term：Forward Exchange Transaction can be operated after T+3 days (T: today).
Transaction Currencies:USD, EUR, HKD and other major currencies.
Transaction Method: market order,limit order.
Target Customers:corporate customers who have foreign currency exposure and attempt to lock in the price of future foreign exchanges .
Customers sign a Non Deliverable Forward Foreign Exchange Contract with the China Merchants Bank New York Branch, reach an agreement on the currency, amount, term and exchange rate of future business, and carry out non-deliverable forward foreign exchange according to the forward contract when due foreign exchange income or payment occurs.
Features:
1、Locks in the price of Forward Foreign Exchange Settlement and Sale in advance, thus avoiding the risk of exchange rate fluctuations.
2、Customers do not need to provide the principal when the transaction expires. The collection and payment of offset balance are made in USD.
3、Guarantee deposit should be paid.
Term:It can be operated after T+3 days (T: today).
Transaction Currencies:RMB against USD, EUR, HKD and other major currencies.
Target Customers:corporate customers who have foreign currency exposure and attempt to lock in the price of future foreign exchange overseas.
An interest rate swap is a contract between two counter parties who agree to exchange the future interest rate payments. Usually, it can be the exchange between fixed interest rate and floating interest rate or between two different floating interest rate.
Features:
1、Meet asset liability and interest rate management needs. Customers who have floating rate foreign currency liabilities can convert floating rate liabilities into fixed rate liabilities, in order to avoid the increase of liabilities caused by the increase of floating interest rates. Customers who have floating rate RMB liabilities can use RMB to turn fixed rate loans into floating rate loans, and enjoy a reduced cost of liabilities caused by decreased floating interest through interest rate cut channels.
2、Flexible term and direction can match with all or part of customer's actual liabilities/assets, and provide a wide variety of floating interest rate options.
3、Interest rate swap transactions are free of charge and can meet customers' interest rate risk management requirements without paying any fees.
4、Margin deposit should be paid.
Term:More than 1 year.
Currencies:USD.
Target Customers:Enterprises that have foreign currency loans for more than 1 year.
Currency Swap refers to the transaction where the parties exchange principal and interest payments in two different currencies within the agreed period.
Product Features:
1、It meets your asset liability and interest rate management needs, enables converting the liability structure, and effectively reduces financing costs.
2、A flexible term can match with all or part of customer's actual liabilities/assets term, and provide a wide variety of floating interest rate options.
3、No cost. It can meet customers' exchange rate and interest rate risk management requirements without paying any fees.
4、Medium and long-term risks from exchange rate and interest rate of financing can be avoided.
5、Guarantee deposit should be paid.
Term: 6 months to 5 years.
Currencies:6 months to 5 years.
Target Customers:The currency swap business is suitable for customers who have foreign currency financing. Usually open currency is converted into your accounting currency, or a strong currency is converted into a weak currency. For example, if USD loans are converted into RMB, you can directly lock in the risk of fluctuating USD exchange and interest rates.
Efficiently handle ordinary demand deposits and term deposits.
Product Features:
1、Demand Deposits:Funds can be withdrawn at any time. They are subject to no restrictions in terms of deposits and withdrawals; and customers can enjoy the interest income of a demand deposit.
2、Term Deposits:There is no restriction terms in term deposit. Customers can enjoy the interest income of term deposit.
Currencies: RMB,USD,HKD,JPY,EUR and other major currencies.
Target Customers:All individual or corporate customers who has an account at our bank.
The Two-in-one Deposit refers to the deposit plan where customers package term and demand deposits into China Merchants Bank New York Branch according to a certain proportions, and can yield higher return than the market rate during the term of the deposit.
Product Features:
1、Simple procedures, flexible withdrawal, deposit and withdrawal can be completed on the same day.
2、Provides guaranteed income, which is higher than the market value for the interest income of demand deposits.
3、Provides higher interest rates after interest hike.
4、0% risk,a part of the deposit with fixed term shall not be withdrawn in advance.
Currencies:RMB,USD etc.
Target Customers: Individual and corporate customers. It enjoys the advantages of demand and fixed term deposits, and can maximize deposit revenue while meeting flexible demands for funds.
The Yankee CD is a foreign certificate of deposit denominated in USD, issued in the U.S. to American investors.
Product Features:
1、Yankee CDs are negotiable instruments and have high liquidity in secondary markets.
2、Fixed rate deposits and floating rate deposits can be provided according to customer needs.
Target Customers:American onshore financial institutions, funds, and corporate customers.
The Global Certificate of Deposit is a certificate of deposit denominated in USD or other currencies, issued to global investors.
Features:
1、Certificates of deposits are negotiable instruments and have high liquidity in secondary markets.
2、Fixed rate deposits and floating rate deposits can be provided according to customer needs.
Target Customers:Financial institutions, funds and corporate customers.
Market-Linked Deposit refers to the situation where the product interest rate is linked with the market performance of a predetermined target under the premise of ensuring the safety of principal. The extra yield or guaranteed yield depends on the market situation of linked targets during the term.
Features:
1、Flexible linked targets; interest rate, exchange rate, commodity price, credit and index can be selected.
2、Gain access to more asset classes, and enables deposit funds to participate in international financial markets by using various financial instruments.
3、With diverse structures, customers can choose the trigger event of a target, and get high yield (interest) if the trigger event occurs during the term, otherwise they will get lower guaranteed yield (interest).
Target Customers: individual and corporate customers.
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