SEB Launches Electronic FX Trading of CNH
Following its launch of services in offshore Chinese yuan (CNH) for cash management, trade finance and foreign exchange in December 2010, Nordic bank SEB has launched an enhanced service to facilitate electronic trading of CNH via the SEB Trading Station. CNH can now be traded 24 hours through SEB’s international network.
SEB is one of the first international banks to offer such services to its clients. This opens up a range of new opportunities for organisations that have cross-border trade with China.