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Zhejiang Zhengcai – RMB financing

02 March 2011

Trading up in China

Zhejiang Zhengcai stands out as the largest renminbi (RMB) structured commodity trade finance syndication in 2010. Mandated lead arrangers Deutsche Bank, China Everbright Bank and Société Générale CIB receive this award for establishing a customised deal which helped non-ferrous metal trader Zhejiang Zhengcai Trading secure a three-year purchase order from Glencore. The deal marks the first time Glencore has acted as the offtaker in an onshore structured commodity trade finance deal in China, as well as Deutsche Bank’s first onshore structured commodity trade finance (SCTF) deal in the country. Zhejiang Zhengcai Trading is a...


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