As one of the four largest state-owned banks in China，CCB Singapore Branch (the “Branch”) is one of the first Chinese banks to conduct RMB business in Singapore, providing a wide variety of cross-border RMB settlement and financing solutions. With its vast network and strong capabilities, the Branch commands a significant share in the cross-border RMB business market in Singapore.

RMB products and services:

• Cross-Border RMB Settlement: RMB Letters of Credit (“L/C”), Remittance, Collection etc.
• Cross-Border RMB Treasury Products: RMB/USD Spot Exchange Transaction, RMB NDF, , IRS etc.
• Cross-Border RMB Financing: RMB Deposits/USD Loans Structured Products, USD Discounting under RMB Usance L/C, RMB Forfeiting, RMB Import Bills Refinancing, Financing supported by RMB Standby L/C, Back To Back L/C etc., the details are as follows:
• RMB Deposits/USD Loans Structured Products

Clients apply for the USD loans by pledging their RMB deposits, which is structured with NDF and assignment of the rights and obligations of the NDF to CCB Singapore Branch.

• USD Discounting under Usance RMB L/C

Clients present all the documents under Usance RMB L/C issued by CCB’s branches in China or other Chinese banks to CCB Singapore Branch for negotiation. After acceptance, CCB Singapore Branch could discount the bills in USD at client’s request, which is structured with NDF and assignment of the rights and obligations of theNDF to CCB Singapore Branch.

• RMB Forfeiting

CCB Singapore Branch, as a forfeiter, purchases the accepted RMB bills without recourse, except cases where there are potential risks due to non-payment by fraud, discrepancies in documents and court injection/order.

• RMB Import Bills Refinancing

CCB Singapore Branch provides Import Bills Refinancing services to the China branches under RMB L/C，Collection and T/T Settlement.

• Finance Facility secured by RMB Standby L/C

CCB Singapore Branch provides Combined Finance Facility/ Financing solution including USD loans, NDF, IRS etc. to clients which is secured by RMB Standby L/C issued by its China branches.

• Back to Back L/C

Clients provide their RMB Master L/C from China parent company or a related company and request CCB Singapore Branch to issue USD Import L/C upon certain requirements are met after the bank’s review.

We look forward to working with you and serving your cross-border RMB settlement and financing needs.