Euroclear Bank to settle transactions in renminbi

Sep 13, 2010

The renminbi-denominated securities market is booming, with the volume of global trade settled in the currency soaring.

Euroclear Bank’s clients will soon be able to settle transactions and deposit Eurobonds and Hong Kong domestic securities denominated in renminbi.

The Brussels-headquartered bank has an operations centre in Hong Kong and as such sees itself as ideally positioned to support the booming renminbi-denominated securities market. The first transactions in renminbi may be settled on September 27.

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