Supporting your growth in Asia De internationalisatie van de Renminbi Beryl Lochtenberg- van Wilgen Alkmaar 10 oktober 2013

Supporting your growth in Asia De internationalisatie van de Renminbi Beryl Lochtenberg- van Wilgen Alkmaar 10 oktober 2013

Inhoud

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ABN AMRO Azië

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RMB Internationalisering

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1.

ABN AMRO Azië

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RMB Internationalisering

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ABN AMRO’s Internationale Strategie voor Corporates: een spiegel van de Nederlandse economie

Flying Dutchman Strategie Aanwezig in: Landen om ons heen Wereldwijde logistieke/ financiële knooppunten

CBI

Energy

Commodities

Transportation

Fin. Institutions

Clearing

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ABN AMRO Bank Asia: Focus

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ABN AMRO (RMB) propositie in vogelvlucht: Cash Management

Locatie

 ABN AMRO Hong Kong Branch en Singapore Branch (geen RMB in NL)

Rekeningen & Betalen

     

E-banking

 AccessOnLine (AOL)

Deposito’s

 Geen standaard deposito tarief  Geen minimale inleg & minimale account balance

RMB

   

Major currencies Resident & Non Resident account Credit interest: N/A Cut off tijd betalingen: 2 pm HK/SG tijd Rapportage: Swift MT 940/942 Servicing: NL & Lokaal

Offshore RMB Direct clearing member Cross Border betalingen: alleen toegestane betalingen en documenten check Pricing: conform internationale betaling (+ document handling fee)

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ABN AMRO (RMB) propositie in vogelvlucht: Trade Finance

Locatie

 ABN AMRO Hong Kong Branch en Singapore Branch

Trade Producten

 Export & Import LC  Garanties  Confirmatie & Discounting

Trade Operations

 Lokale document afhandeling in Azie tijdszone  Chinees sprekende Trade Operations Specialisten

Pricing

 Netwerk pricing

Advies

 Nederlandse Trade Specialist in uw regio voor maatwerkadvies

RMB

 Volledige Trade Finance productenpallet is beschikbaar in RMB

Agenda

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ABN AMRO (RMB) propositie in vogelvlucht: Financieren & Markets

Locatie

 ABN AMRO Hong Kong Branch en Singapore Branch

Financieren

 Producten: Term Loan, OD, Trade Finance, Multi Purpose en Revolving facility  Zekerheden: Nederlandse zekerheden zijn leidend  RMB: alleen Trade Finance

Markets

 FX Spot (CNH), settlement T+2  FX Forward: deliverable forward in CNH (Max 2 yrs), non deliverable forward in CNY  FX Swap + Options (op aanvraag bij Markets)  Tegenrekening lokaal aan the houden afhankelijk van entiteit (EUR, USD, HKD,…)  Deposito’s  RMB deals altijd via uw Markets adviseur in Nederland of in Azië

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Waarom ook in Azië voor ABN AMRO kiezen? (1/3)

Agenda

Gemak

 Client onboarding & account opening: • volledig vanuit Nederland • we bouwen verder op wat we al in onze files hebben

 Al uw rekeningen zijn wereldwijd in 1 E-banking omgeving aan te sturen

 Een bekend gezicht ver van huis

 Servicing lokaal en in Nederland

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Waarom ook in Azië voor ABN AMRO kiezen? (2/3)

Focus

 Wij zijn in Azië omdat u daar bent!

 Via ons kredietverleningsmodel kunt u in Azië groeien op basis van uw Nederlandse succes

 Innoverend productenpallet gericht op Handel: Handelsfinanciering, Markets, Kredietverlening, International Cash Management

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Waarom ook in Azië voor ABN AMRO kiezen? (3/3)

Innovatie/RMB

 Snelst mogelijke RMB Cross border betaling initiatie als Authorized Institution (AI)

 Met lokale Hong Kong professionals kunnen wij direct anticiperen op toekomstige ontwikkelingen in regelgeving

 U gebruikt uw bekende kanalen, ook voor uw RMB zaken: AccessOnLine (AOL), Servicing en Markets vanuit NL of lokaal. Aan u de keuze!

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1.

ABN AMRO Azië

2.

RMB Internationalisering

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De internationalisering van de RMB

Verleden: RMB als binnenlandse munt

CHINA

Current Account

Toekomst: RMB als Reserve Currency?

CHINA

WORLD

Capital Account

Current Account

WORLD

Capital Account

Vandaag: RMB als trade settlement currency CHINA

Current Account

WORLD

Capital Account

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RMB verschijningsvormen: FX versus betalingen

 Renminbi, RMB, Yuan, CNY, CNH

Accounts & Payments  1 SWIFT ISO code voor RMB: CNY  Alle accounts zijn in CNY, zowel onshore als offshore  Echter, RMB account buiten Mainland China wordt vaak CNH account genoemd

FX conversie  Twee koersen: • De CNY is de onshore koers -> binnen Mainland China • De CNH is de offshore koers -> buiten Mainland China (Hong Kong)

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RMB Cross-Border Trade Settlement: een introductie

Toegestane Chinese handelspartners

 Alle Chinese bedrijven

Toegestane buitenlandse handelspartners

 Alle buitenlandse bedrijven

Toegestane onderliggende transacties

 Service en Goederen Trade settlement  Kapitaal gerelateerde transacties (case by case approval)

Offshore Bank

 RMB FX Conversie  Verzamelen onderliggende trade documenten

Settlement/Onshore Bank

 “Watch List” check  Validatie onderliggende trade documenten  Rapportage – RCPMIS Systeem

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Wat zijn mogelijke voordelen voor u?

Importeur vanuit China

Exporteur naar China

 Versterking onderhandelingspositie & transparantie in pricing

 Winsten en dividenden vrij te converteren en repatriëren

 Toegang tot meer leveranciers

 Verbreding klantenbestand

 Natuurlijke hedge

 Meer exposure naar RMB

 Lagere financieringskosten

 Funding voor (eigen) China productie of services

 Gunstig HK tax klimaat

 Gunstig HK tax klimaat

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Gangbare Hong Kong structuur: HK als invoicing centre Clients

Own Sub(s) / Mother

Funds

Funds Invoice

Invoice

Hong Kong Ltd “Invoicing centre = profit centre”

Goods

Goods Funds Invoice

Mainland China Producer(s)

Note: Consulteer voor de optimale structuur voor u altijd een gespecialiseerde tax adviseur. 17

Waar kan ik tegenaan lopen?

Nadelen en valkuilen  Onbekendheid Chinese partijen met CNH mogelijkheden  Lokale (regionale) regelgeving niet up-to-date  Onwil Chinese partijen om over te gaan op RMB genomineerde contracten  Overnemen koersrisico van de Chinese partij

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Uw contactpersonen voor ondersteuning bij uw groei in Azië

Sander Montanus - Hoofd Commercial Banking Azië Uw aanspreekpunt in Hong Kong voor al uw bankzaken

Level 70, International Commerce Centre (ICC) 1 Austin Road West, Kowloon, Hong Kong T +852 37633601 of M +852 97878709 [email protected]

Olivier van Hardenbroek - Commercial Banking Singapore Uw aanspreekpunt in Singapore voor al uw bankzaken

10 Collyer Quay, #07-01, Ocean Financial Centre 049315, Singapore T +65 65971063 of M +65 83387803 [email protected]

Beryl Lochtenberg-van Wilgen- Commercial Banking Nederland Uw aanspreekpunt in Nederland voor vragen over internationaal zakendoen.

Coolsingel 93, Rotterdam T +31 10 4024809 of M + 31 6 22910181 [email protected]

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Disclaimer

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