Global Market Products

Spot Foreign Exchange for Customers

Spot foreign exchange for customers refers to the business that the bank provides you for the trading business of RMB, USD andother negotiable currencies according to the instant list price. Agency Spot Foreign Exchange Transaction business can meet your demand for immediate conversion of foreign currency and be used as a value maintenance and hedging tool.

Term:

The delivery date of a Spot Foreign ExchangeTransaction can be within two business days (inclusive) after the trading day.

Currencies:

Including USD, HKD, JPY, EUR and other major currencies.

Target Customers:

tIndividual, corporate or institution customers who need to exchange foreign currencies。

tImport and export trade settlement, conversion of guarantee deposit。

tCustomers who want to open a foreign currency account at the China Merchants Bank New York Branch, or have no account for multi-currency conversion。


Forward Exchange Transaction

Customers sign a Forward Exchange TransactionContract with the China Merchants Bank Sydney Branch, reach an agreement on the currency, amount, term and exchange rate of future foreign currency exchanges,and handle foreign exchange purchases and sale business according to the agreed currency, amount and exchange rate specified in the forward contract when due foreign exchange income or payment occurs.

Term:

T+3 (T is Today) or above

Currencies:

Including AUD, USD, EUR, HKD and other majorcurrencies

Target Customers:

tCorporate Customers who have the foreign currency risk exposureand want to locks in the price for the Forward Foreign Exchange Settlement and Sale in advance to avoid risk of exchange rate fluctuations.

tCorporate Customers who want to open a foreign currency account at the China Merchants Bank New York Branch, or have the account formulti-currency conversion.

tMargin deposit is required。


Interest Rate Swap

An interest rate swap is a contract between twocounter parties who agree to exchange the future interest rate payments。Usually, it can be the exchange between fixed interest rate and floating interest rate or between two different floating interest rates。

Features:

tMeet asset liability and interest rate management needs.Customers who have floating rate foreign currency liabilities can convert floating rate liabilities into fixed rate liabilities, in order to avoid the increase of liabilities caused by the increase of floating interest rates.Customers who have floating rate RMB liabilities can use RMB to turn fixed rateloans into floating rate loans and enjoy a reduced cost of liabilities causedby decreased floating interest through interest rate cut channels.

tFlexible term and direction can match with all or part of customer's actual liabilities/assets and provide a wide variety of floating interest rate options.

tInterest rate swap transactions are free of charge and can meet customers' interest rate risk management requirements without paying any fees。

tMargin deposit is required。

Term:

A year or above

Currencies:

Including AUD, USD.

Target Customers:

tCorporate Customers who have the long term loan (over a year) with the bank

tCorporate Customers who want to open a foreign currency accountat the China Merchants Bank New York Branch, or have the account formulti-currency conversion。

tMargin deposit is required.



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Tel: +61-2-7909 5555E-mail: sydney_gm@zuoanlife.com Address: Level 39,Governor Phillip Tower,1 Farrer Place,Sydney NSW 2000
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