trade-settlement

The Bank of China announced Monday that it had transacted the first cross-border yuan trade settlement deal Monday morning.

Perhaps the most significant development was a Renminbi trade settlement pilot scheme that came into operation last July.

Mr Chan said the number of mainland enterprises eligible for cross-border trade settlement had recently been increased to 67, 000.

Later developed into the marketing bills, receipts began to light the votes were non-trade settlement.

Carrying on the international trade, the enterprise needs to carry on the trade settlement by the foreign exchange.

clean credit is generally used in non - trade settlement , and documentary credits are mostly used in international trade.

Clean letters of credit are mainly used in non-trade settlement, while documentary credits are generally used in commodity trade.

International banks including HSBC, JPMorgan Chase and South Africa's Standard Bank already offer renminbi trade settlement services.

However, problems like small-scaled import and export, difficulties in trade settlement, frequent breaches of contract still exist.

Rollout of the trial yuan-based trade-settlement program from the current 20 provinces and municipalities to the rest of the country.

The SCO members should enhance the exchanges of financial and monetary policies and improve the trade settlement payment system.

No entity or individual shall misappropriate in any manner their clients' funds for trade settlement and their clients' securities.

Only a small fraction of the world's $4 trillion in foreign-exchange deals each day are for trade settlement.

In 2009, China has begun to propel bilateral trade settlement in RMB, firstly in Shanghai and other four coastal cities in Guangdong.

As for the renminbi trade settlement programme, there are no details on when, or how the trial will start.

They are generally used in non-trade settlement or in subordinating settlement of trade .

Analysts estimate around 80% of current yuan trade settlement is to pay for imports.

Yang Hongguang said that the Sino-Russian border trade settlement currency's rapid development is also facing the problem.

Hu says that the future of the trade-settlement program will also depend on broader reforms.

But there is a big difference between a trade-settlement currency and a reserve currency.

Yuan trade settlement to start in five Chinese cities.

Using RMB in cross-border trade settlement has been brewing for a long time, now it is eligible and well-timed.

The push to test renminbi trade settlement.

To use yuan in trade settlement. '

Between July 2009, when the yuan trade settlement scheme was first launched, and the end of September 2010, 4 billion yuan was tapped.

The Bank of China transacted the first cross-border yuan trade settlement deal last year.

The Bank of China in Hong Kong conducted the first cross-border yuan trade settlement with the Bank of China in Shanghai on Monday.

Last Friday, bankers learned that Hong Kong's annual quota for trade settlement in yuan had been used up.

The increase in trade settlement and the development of Hong Kong as a yuan financial center are mutually reinforcing.

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