RMB Trade Settlement Service
With Maybank Renminbi (“RMB”) Trade Settlement Service, you will enjoy the option and flexibility of settling your trades with a designated list of Mainland corporations in RMB.
This service covers the import and export of goods between China and Hong Kong, Macau and the 10 ASEAN countries. The five Chinese cities in this scheme are Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan. Chinese corporations designated to participate in this programme scheme are known as Mainland Designated Eligible (MDE) corporations. As this list will be updated when new Chinese corporations join as MDEs, please obtain the latest list of MDEs from your Relationship Managers.
RMB Trade Settlement is restricted to trade transactions such as Letters of Credit, Documentary Collections, Bank Guarantees and Open Account Trade.
Cost savings as you have the option of settling your trade in Renminbi
Who can apply
All existing Maybank Singapore’s customers with trade finance facilities
No additional documents required
Fees and charges
The current fees and charges for trade application applies.
This RMB Trade Settlement Service is available at both our Trade Finance Processing Centres at Maybank@Textile and Maybank@Bedok.
For more information, please contact Ms Priscilla Yan (Textile Trade Finance Processing Centre) on 6550 7719 or Ms Jessie Wong (Bedok Trade Finance Processing Centre) on 6448 9650