Solution for Urgent Payment
Amid much heated market competition, enterprises are attaching more importance to the quality of their internal financial management as well as their efficiency in fund use, which is all in an effort to improve their profitability. In view of this, the China Merchants Bank introduces “Legal Person Account Overdraft,” a service product allowing its corporate clients to borrow and pay back whenever necessary. This helps enterprises reduce their idle fund and satisfy their needs for temporary fund turnover.
·The bank sets in advance an overdraft quota for its clients; when having insufficient balance on its settlement account, the client can directly overdraw within its quota and use credit financing.
·The overdraft quota is valid for 12 months and serves on a recyclable basis.
·Borrowing and payback is possible anytime, first overdraft first paid back. A single overdraft is entitled to a maximum grace period of six months.
Solution for Trust Fund Management
To meet the increasing demands for trust fund management service from its corporate clients, the China Merchants Bank has introduced the “Solution for Trust Fund Management” that rides on the back of its advantages in networking, technologies, information, human resources and client base. The bank relies on its rich experience in project assessment and assets management to help its corporate clients regulate fund supply and demand, and supervise the use of fund to achieve stable earnings.
Loan by Mandate
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The China Merchants Bank, on behalf of its clients, makes loans with the clients' disposable fund, supervises the use of the loans, and helps retrieve the loans. |
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The China Merchants Bank helps its clients with detailed assessment on borrowers, their purposes of borrowing, and how the money will be used. |
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The clients are entitled to higher earnings on this investment. |
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This service makes it easier for group corporations to manage their fund and regulate their cash supply and demand. |
Trust Investment Management
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The clients entrust their funds, or funds that they have the right to manage, to an assets managing institution; the China Merchants Bank as the assets trustee, is responsible to preserve the entrusted assets. |
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The assets management and assets trusteeship are independent from each other, which ensures the security of entrusted funds. |
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By its bank credit, the China Merchants Bank supervises the investing operations of the assets managing institution. |
Solution for Foreign Exchange Management
In order to satisfy demands for international settlement, international investment, foreign exchange financing and foreign exchange value preservation and appreciation of its corporate clients, the China Merchants Bank has introduced the “Solution for Foreign Exchange Management” that provides a wide range of foreign exchange management products such as foreign exchange structural deposit, foreign exchange bond investment, and foreign exchange trading. Through its advanced information and trading facilities, the bank is helping its corporate clients evade exchange rate risks, stabilize capital cost, and improve foreign exchange fund earnings with operations on the international financial market.
Foreign Exchange Structural Deposit
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Corporate clients put their legally owned foreign exchanges at the China Merchants Bank in forms of fixed deposit, or structural deposit with a changeable period, while their earnings are directly associated with specific variables on the international financial market such as exchange rate, interest rate, or risk conditions such as the changes and methods of credit entities. |
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In case the clients make correct judgments on the market risks or credit risks with which their foreign exchange fund management structure is associated, they can have fund management earnings that are higher than interest for ordinary foreign exchange deposits. |
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Clients can use RMB loans for operating funds with their foreign exchange structural deposits as the collaterals. |
Foreign Exchange Bond Investment
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Corporate clients entrust the China Merchants Bank to trade financial products including fixed interest bond, floating rate bond, zero rate bond, redeemable bond and bond combinations on the international bond market. |
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The bank provides international bond market trend analysis and investment suggestions to its clients, or develops customized investment plans for its clients according to their specific requirements for assets management. |
Foreign Exchange Trading
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Clients convert their foreign exchanges from a certain currency into another currency, which include USD-Japanese yen, Euro-USD, British pound -USD, USD-HKD, USD-Canadian dollar, Australian dollar-USD. Clients request to convert their foreign exchanges between other currencies are also negotiable. |
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The bank accepts trading in spot, forward, swap, options and optional forward exchange. |