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.

Benefits

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

Required documents

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

Next steps

Locate your nearest Business Centre

Find us at a convenient location near you

Get in touch

Contact us for more information

 



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