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Meeting the exchange rate hedging needs of import and export companies

Core tip: As the exchange rate of the RMB against the US dollar appreciates from one side and enters the era of two-way fluctuations, the demand for exchange rate hedging by enterprises in our city has also changed subtly.

Meeting the exchange rate hedging needs of import and export companies

Danyang ICBC's first foreign exchange option service in Zhenjiang system

Newspaper (Reporter Jiaying Correspondent Yin Hong Xu Xin) As the exchange rate of the RMB against the US dollar has appreciated from one side and entered the era of two-way fluctuations, the demand of enterprises in our city for exchange rate hedging has also changed subtly. In response to this situation, ICBC's Danyang Sub-branch has seized market opportunities and successfully handled a proportionate forward settlement of foreign exchange option portfolio business for an enterprise in our city, realizing a zero breakthrough in options business in the ICBC system of Zhenjiang City.

It is understood that with the changes in the international economic and financial situation, the exchange rate fluctuations have continued to increase, and the exchange rate risk of import and export enterprises in our city has also increased invisibly. Many companies also face practical problems such as lack of liquid funds and more difficult financing. There is a certain negative impact on the development and growth of enterprises.

Based on on-site investigations of small and medium-sized micro-enterprises of import and export in our city, Danyang ICBC innovatively launched innovative financial services such as RMB foreign exchange options. According to the relevant person in charge of Danyang Industrial and Commercial Bank of China, the bank's proportional forward settlement option portfolio financial services are suitable for companies that have forward exchange settlement requirements and want to hedge the exchange rate risk while obtaining the benefits of RMB depreciation and saving hedging costs.

It is reported that the company implements a proportional forward settlement combination, which is to sell a certain amount (A) of USD to RMB call options to the bank, and to buy half of the amount (A / 2) of RMB put options that expire on the same day, two options from the bank The execution price is the same. For enterprises, they can do proportional forward portfolios, which not only locks the settlement costs quickly, but also significantly improves the settlement costs.

The reporter learned that, with the broadening of the international market space, the gradual liberalization of foreign exchange policy, and the constant fluctuation of exchange rates, the future of option products will usher in a broad market objectively. Danyang ICBC's innovative financial service provides a new model of forward exchange rate risk locking for the majority of enterprises in our city, and also provides valuable experience for further accumulation of enterprise service resources and methods in the future.

Editor-in-chief: Wang Yuan

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