RMB usage slips for second month - Trade Finance - December 2011

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RMB usage slips for second month

08 December 2011

According to the SWIFT RMB Tracker, global RMB payment volumes have fallen for the second month in a row – is this an aberration or is uptake stalling?

Read more: RMB renminbi RMB internationalisation SWIFT RMB SWIFT

According to the SWIFT RMB Tracker, global RMB payment volumes have fallen for the second month in a row.

This is somewhat unexpected given the hype around the emergence of the RMB as an international trade currency – it certainly challenges some predictions that the...

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There is a lot more financing activity coming from the trading companies, mining groups, and multinational corporations that have excess liquidity at their disposal. In many cases they are sitting on cash given high commodity prices, and can still attract banks loans – borrowing base facilities and revolvers continue to be renewed. This allows them to get more involved in direct trade financing on a prepayment or transactional basis. Essentially this is supply chain financing and their treasuries have become a lot more sophisticated.

News sources of trade liqudity find their place - March 2012

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