Business Guidance

 Participants  Offshore RMB
Clearing Banks
 
 Offshore Participating Banks  Foreign Central Banks
and Similar Institutions
 
 
 Channel   Directly participating in China interbank FX Market as foreign members   The institutions may access China Interbank FX Market through one or more of the following three channels:
1. Entrust PBC as agent;
2. Directly participate in China Interbank FX Market as foreign members;
3. Entrust interbank FX market member(s) as agent(s). 
 Trading Products  All listed products, including spot, forward, swap, CCS and option.
 
Trading Currencies
All currency pairs listed for trading in China interbank FX Market.
 Trading Model  Bilateral and anonymous.
 Network Connection  Connect to the trading system directly via leased line or MPLS VPN. Connect to the trading system directly via leased line or MPLS VPN under directly participating model
 Trading background  RMB purchases and sales business   
Quota No limit
 Derivatives Master Agreement  ISDA or NAFMII   
 Information Reporting to CFETS    Offshore Participating Banks conducting RMB-FX transactions through CFETS trading system shall report related details of RMB purchases and sales through the information reporting panel in CFETS Post-trade Processing Platform at the end of each trading day.   

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Name List for Group Centralizing CNF-FX Business

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Policy Framework

Participants Policies Applicable Supervisor of
Qualification
Supervisor of
Investment Quota
Three Types of
Foreign Institutions
Notice of the People’s Bank of China on Issues Concerning the Pilot Program on Investment in the Interbank Bond Market with RMB Funds by Three Types of Institution Including Overseas RMB Clearing Banks PBC Document No. 217 [2010] PBC PBC
RQFII Notice of the People’s Bank of China on the Implementation of Measures for the Pilot Program of Securities Investment in China by RQFIIs PBC PBC
Foreign Central
Banks, International
Financial
Organizations,
Sovereign Wealth
Funds
Operational Guide of Networking and Account Opening Process for Related Foreign Institutional Investors in the Inter-bank Market CCDC,CFETS,SHCH CCDC,CFETS,SHCH
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Trading Rules

Money Market
Bond Market
Derivatives Market
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Regulations

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