Renminbi Account Services

  • renmimbi accountrenmimbi account

    Manage your RMB cash flow efficiently

    Skip the queue, open an account with us online.

    Apply now

Benefits

To your trade partner

To your trade partner

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  • No initial deposit required
  • No minimum balance to maintain
  • Ability to get more China-related business when trade settlements are made in RMB
  • Manage your RMB foreign exchange (FX) risk in a single account

Click here for rates

  • Reduces the ancillary cost of FX conversion and related hedging instrument
  • Provides a natural hedge for both imports and exports settled in RMB

Services

  • To facilitate trade transactions between you and the eligible trade partner
  • Issue Letter of Credit (Settlement will only be carried out after receipt of compliant documents)
  • Advise Letter of Credit
  • Negotiate Letters of Credit
  • Transferable Letters of Credit
  • Export Documentary Collections
  • Import Documentary Collections
  • Banker's Guarantee
  • FX rates for settlement of trade transactions
  • Send and receive trade related payments (MT103) in RMB
  • FX rates for settlement of trade transactions
  • Competitive buying and selling rates for RMB (value spot)
  • No forwards

How to Apply

Apply now

Apply now

Schedule an appointment with any of our UOB branches or Relationship Managers to open the account.

Click here

Visit a UOB Branch