Following their launch of services in offshore Chinese Yuan (CNH) for cash management, trade finance and foreign exchange in December 2010, SEB today announces the launch of an enhanced service to facilitate electronic trading of CNH via the SEB Trading Station. From today 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 organizations that have cross-border trade with China.
Examples of action only currency pairs:
| USD/CNH|| EUR/CNH|| SEK/CNH|| NOK/CNH|| DKK/CNH|
| CAD/CNH|| GBP/CNH|| CNH/JPY|| CHF/CNH|| AUD/CNH|
| For further information, please contact|
David Steiner, Head of e-FX sales
+46 8 50623082
| Press contact|
Elisabeth Lennhede, Press & PR
+46 8 763 99 16, +46 70 7639916
Ola Kallemur, Press officer
+46 8 763 9947, +46 76 397 5466
| SEB is a leading Nordic financial services group. As a relationship bank, SEB in Sweden and the Baltic countries offers financial advice and a wide range of financial services. In Denmark, Finland, Norway and Germany the bank's operations have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in its presence in 20 countries worldwide. On 31 December 2010, the Group's total assets amounted to SEK 2,180bn while its assets under management totalled SEK 1,399bn. The Group has about 17,000 employees. Read more about SEB at www.sebgroup.com.|