- Day to Day
- Accounts
- RMB Trade Settlement Account
RMB Trade Settlement Account
Quick and easy RMB transactions
- Day to Day
- Accounts
- RMB Trade Settlement Account
RMB Trade Settlement Account
Quick and easy RMB transactions
Manage remittances, foreign exchange, and finance your trade efficiently in Renminbi.
More savings
Save on foreign exchange conversion charges
Stronger ties
Strengthen business ties with your Chinese business partners by settling cross-border transactions quickly
Competitive edge
Mitigate FX risk and gain an advantage by paying in RMB
Improve your supplier relationships in China
Faster tax rebates and lower supply chain costs for your supplier
Save on FX conversion charges
Avoid exchange risk if your company has both RMB inflows and outflows
Save money with no initial deposit
No minimum monthly balance is required to open an account
Arrange for our Relationship Manager to call you.
Call us on 1800 222 2200 or +65 6222 2200 (from overseas) for more details.
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My company has an RMB Trade Settlement Account. Can I open one with DBS? | |
Yes, you can open RMB Trade Settlement Accounts with different banks. |
What is the SWIFT/currency-code for the account? | |
The SWIFT/currency code for an RMB Trade Settlement Account is CNY. |
Is there a limit on the number of RMB remittance I can make? | |
No, there are no limitations as long as the transactions are for trade settlement. |
What services are available in the RMB Trade Settlement Account? | |
We offer remittances, trade services, foreign exchange. |
Can I place RMB Fixed Deposits? | |
Yes, you can place RMB in a DBS Foreign Currency Fixed Deposit Account. The funds placed must be from trade transactions that meet regulatory requirements. |
That's great to hear. Anything you'd like to add?
We're sorry to hear that. How can we do better?