The Importance of Renminbi Payment Transactions Weber, Peter-Michael, Head of Clearing and FI Cash Sales Austria Vienna, 2 September 2015
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Source: China Daily 3
Source: The Cagle Post 4
China’s increasing Role in the World Economy China as the second largest Economy in the World China’s Share in World GDP (%) Gross Domestic Product 2014 Source: IMF, World Development Indicators Database World Bank July 2015 and UniCredit Research 5
Forecasts say China’s Economy will overtake the US Nominal Gross Domestic Product in billion US$ Source: Barclays and Goldman Sachs 6
China’s fast driving Economy drives RMB Globalization of a Real Economy leads to Globalization of a Currency > 20% of China Trade T T T #9 in Spot FX T #5 in Payments Value T T #2 in Trade Finance Growth of RMB as Compared with other Currencies Source: SWIFT RMB Tracker January and July 2015 7
RMB breaking into the top five World Payments World Payments Currency Ranking and Market Share Source: SWIFT RMB Tracker July 2015 8
The positive Adoption of the RMB as a Global Currency 𝟐 More than 𝟒 of Institutions use RMB for Payments Source: SWIFT RMB Tracker September 2014 9
Europe as a Growth Engine for the RMB European Hubs are fuelling RMB Internationalization In July 2014, Europe already constituted 10% of Global payments in RMB by value Source: SWIFT RMB Tracker August 2014 10
Onshore - Offshore Market Dynamics Hong Kong serves as an international Hub for Mainland China Source: Morgan Stanley 11
New Clearing Arrangements in Asia and Europe 11 more RMB Offshore Clearing Hubs in less than 2 years Hong Kong (2003) Macau (2004) Frankfurt (2014) Taipei (2012) London (2014) Singapore (2013) Paris (2014) Seoul (2014) Luxembourg (2014) Doha (2014) Toronto (2014) Sydney (2014) Zurich (2015) Bangkok (2015) Kula Lumpur (2015) Source: SWIFT RMB Tracker January and February 2015 12
UniCredit Group and its Global Network Branches and subsidiaries Core markets Representative Offices, Delegates, Consultants, Investment Centers 13
Following Client Footprints, UniCredit regards Asia as an important strategic Extension of our Home Market Beijing Rep. Office Seoul Rep. Office Shanghai branch Guangzhou branch Tokyo branch Hong Kong branch Hanoi Rep. Office Mumbai Rep. Office Singapore branch Note: UniCredit’s presence in China Mainland and India is under the legal entity of UniCredit S.p.A; and its presence in other Asian areas is under the brand of UniCredit Bank AG. 14
For 30 Years we have offered our Clients a Gateway to Asia and vice versa Business Strategy Gateway to Asia Establishing a gateway to Asia for home-market clients in Europe Bringing Asian Multinational Corporates and Financial Institutions to European home markets Gateway to Europe Client Coverage Universe Local Product Scope Financing CTF Asian F&A Multinationals STEF CFA Cash Management European Corporates GTB eBanking Trade Finance Services Financial FX Products Institutions Markets Treasury & Rates 15
Product Overview in Asia We offer you a wide Range of Services with Focus on Transaction Banking Business type Products RMB-Trade Settlement International Remittances Remittance & 1 Deposits eBanking & SWIFT Deposit All standard types of Corporate Lending 2 Corporate Lending Short-term RMB Funding at very competitive rates Supply Chain Finance Exporter Pre-Financing Bank Guarantee Purchase of Receivables 3 Trade Finance Letter of Credit Commodity Finance ECA-Covered Export Finance Corporate Financial Advisory Service* 4 Investment Banking FX Spot of RMB and other major currencies Foreign Exchange & Non-Deliverable Products – NDF, NDIRS, NDS 5 Hedging Deliverable Products – IRS, CCS, FX Swap, Forward & Option Note: Products may vary by branch. Please find the branch specific overview in the annex *Availability subject to local regulations 16
We provide competitive Services to fully support and facilitate Business of Home Market Corporate Clients in Asia Our Strength Description Our Commitment Long Track Over 30 years of experience in Asia Record of Local Professional and experienced banking experts from both Europe and Asia Experience Facilitate our clients’ business development throughout Asia Strong Link Asia Desks in Munich, Vienna and Milan Bridge our clients with their German and Italian Desks in Hong Kong Between Asia parent companies and business partners and Shanghai* and Europe Offer competitive, first-class and customised financial solutions Due to strong customer relations within our Flexible and home markets, we provide financing with less bureaucracy and competitive pricing Effective We offer highly flexible and tailor-made Services solutions to our customers * UniCredit’s presence in Shanghai is under the brand of UniCredit S.p.A; and its presence in Hong Kong is under the brand of UniCredit Bank AG. 17
Local Setup of European Corporate Coverage Team (ECC) in Asia Head of Asia Pacific Region Andreas Wagner UniCredit Bank AG UniCredit SpA Head of European Corporates Head of China Simon W. Tutt Maurizio Brentegani Hong Kong Singapore Mainland China German and European Italian German and European Italian Desk Desk Desk Austrian Desk Desk Austrian Desk Alessandro Nicolas Terence Antonio Xiaoxi Simone D’Angio Chee Liu Zhou Giovannini Nakajima 18
Hong Kong Branch provides a wide Range of CIB Services in all major Currencies with Focus on Global Transaction Banking Commercial Lending Cash Management Trade Service and FX Markets Financing Account Services Payments & Collections Working capital loan Local currency (HKD) Local payments Documentary collections FX Spot transactions Term loan Foreign currency Cross-border payments Letter of credit Between HKD and FCY Revolving facility Deposits Cheques Guarantees Between RMB and Umbrella facility Advices Demand drafts Trade purchase for FCY buyers Short-term RMB funding Statement and reports Collection Between any MT940 / MT942 Electronic convertible FCY messages Cheque* Non-Deliverable Cross-border Cash products – Non- Pooling deliverable forwards (NDF), Non-deliverable interest rate swaps (NDIRS) & Non- deliverable currency swap (NDS) Deliverable products – eBanking Deliverable interest rate On-line statements/ High-value payments Import L/C swaps (IRS), Deliverable report Cross-boarder payments Export L/C cross currency swaps On-line balance inquiry (CCS), FX Swaps, ERP Interface capability Alerts and notifications forwards & options Alerts and notifications Customized reporting Debit & Credit advices L/C balance inquiry Customized reporting * – Over the counter collection only 19
Via Shanghai Branch and Guangzhou Branch*, we offer a full Range of Corporate Banking Products in both RMB and FCY Commercial Lending Cash Management Trade Service and FX Markets Financing Account Services Payments & Collections Working Capital Loan Local currency (RMB) Local payments Documentary collections FX Spot Transactions Term Loan Foreign currency FCY Cross-border Letter of credit Between RMB and payments FCY Umbrella Facility Deposits Guarantees RMB Cross-border Between any Advices settlement Convertible FCYs Statement and reports Collections FX Derivatives*** Electronic Cash and Cheque ** eBanking On-line statements/ High-value payments report Low-value bulk On-line balance inquiry payments Alerts and notifications Cross-border payments Debit and Credit advices Payroll *** Customized reporting Local character capability Local language ERP Interface capability capability * – Guangzhou Branch is currently only allowed to provide FCY products, as newly established branch according to local regulations ** – Over the counter collection only 20 *** – Coming Soon
Your Contacts 21
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