With recognised expertise, Crédit Agricole CIB builds on a long-term presence in China and Hong Kong to provide appropriate and tailor-made advice to our global clients wishing to take advantage of the opportunities related to RMB internationalisation.
A full range of services
Crédit Agricole CIB offers a full range of RMB services to its corporate and financial institutions clients:
- Current account and cross-border transfers: possibility to open accounts in RMB in our books and to carry out financial or trade-related cross-border transactions.
Commercial payments outside China (CNH) do not generate particular constraints, however our teams are available to assist our customers to initiate payments to Mainland China (CNY) that are subject to regulatory administrative constraints.
From our trading hubs and leveraging on our global set-up, Crédit Agricole CIB offers RMB services and products from Paris, London, Hong Kong and New York.
FX and Rates offer:
Crédit Agricole CIB offers a full range of financial services from standard spot transactions to more tailor-made hedging solutions:
- FX Swaps
- Hedging strategies with Target Redemption, Bonus & Capped Forwards
- Interest Rate Hedging products
Cross Currency Swap (CCS), have become very commonly used. These instruments allow to convert cash flows (principal and interest) on a loan and/or an investment denominated in CNH in any other liquid currency (EUR, USD, etc.). Today, the CNH rate market is active primarily with fixed rates, but is growing very fast and floating rate hedging instruments are emerging.
Investments Products offer:
Crédit Agricole CIB also offers a wide range of investments products
- Public benchmarks - primary and secondary trading
- Private placements
- Self-led issuance or third party issuers
- Certificates of Deposit (CD’s)
- Structured products
Debt Capital Markets:
Leveraging on its strong Asian footprint complemented by its global distribution network, Crédit Agricole CIB is a leading underwriting house in CNH international bond market. Our Debt Capital Market team advises our issuers on best strategy to tap this market for the first time or become a frequent issuer.
A solid and recognised expertise
A long lasting presence in China and Hong Kong
With over 100 years of experience in China and Hong Kong, Crédit Agricole CIB offers its deep expertise in all the specificities of the RMB market.
Supporting our corporate and financial institution clients
With a global set up and local trading hubs in Paris, London, New York, Hong Kong and Tokyo, the Bank is well equipped to actively participate in the internationalisation of the Renminbi and assist its European clients by providing them with a full range of products, services and capabilities.
Making the most of the Renminbi opportunity
Corporates and financial institutions can conduct their RMB business with China via Crédit Agricole CIB in France.
The Bank offers them to benefit from the mix of both its deep knowledge of the RMB market and its cross-border payment processing capabilities.
Relying on our recognised expertise
With our award-winning research team at the forefront of development on this currency and a strong set up in Debt Capital Markets, we advise issuers on current market conditions and the best strategy to access the CNH bond market.
Crédit Agricole CIB’s derivative capabilities allow its clients to benefit from any arbitrage opportunity in CNH, or manage currency flows in EUR or USD.
The Bank’s trading set up has been adapted to follow the internationalisation of this market. With active trading hubs in Hong Kong, Paris and London, we are closer to serve a growing investor base in CNH bond products.
Crédit Agricole CIB is in the top 5 of dealers in CNH (source: Bloomberg, December 2014).
For more information regarding the RMB market, please contact your usual relationship manager and/or Patrick Wu (email@example.com) or Francis Woo (firstname.lastname@example.org).
Focus on bond market (CNH)
This market meets the financing needs of issuers by using funds raised in RMB in several ways:
• For corporates who trade with Chinese counterparts, they can keep the RMB raised offshore to settle trade payments directly.
• For corporates operating in Mainland China, the ability to repatriate these funds to finance their business needs.
• For banks and other financial institutions with offshore clients who have RMB needs, they can use the RMB raised to fund their RMB loan book and satisfy their clients' requirements.
This market also allows corporates who tap arbitrage opportunities with CNH bonds to swap RMB raised into EUR or any other currency through CNH CCS Market.
International borrowers can have easy access to the bond market (CNH) using existing MTN programs subject to make some modifications:
• ensuring that the RMB is a designated currency in the program,
• including the settlement capability with the Central Monetary Unit (CMU) in Hong Kong into the program.