CEINEX Signs Memorandum of Understanding with Bank of China

The China Europe International Exchange (CEINEX) has signed a Memorandum of Understanding with Bank of China, with an initial focus on the RMB-denominated Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and processing of trades in products listed on the CEINEX using Bank of China’s infrastructure.

Partnership Targets International Clients

As part of the co-operation, Bank of China will act as facilitator for clients in China and the wider Asian region interested in getting access to the products traded on CEINEX, a statement by Deutsche Boerse Group reads. CEINEX is a joint venture between the German group, the Shanghai Stock Exchange, and the China Financial Futures Exchange. It is also the first exchange to offer RBM-denominated financial products outside mainland China.

The two parties will start working on new proprietary products

The new bourse will start operations on November 18, offering first cash market products. At a later stage, the two parties will start working on new proprietary products, to be offered to both European and Asian clients, as well as on investor education and marketing activities.

Bank of China, the only emerging markets financial institution to be considered systemically important on a global scale for three years in a row (2011-2014), mainly conducts business in the area of commercial banking, in China and abroad.

Last year, the Chinese lender signed an agreement with the Moscow Exchange (MOEX) for strategic cooperation, aimed at strengthening the ties between the two large financial markets. The deal, as Finance Magnates reported https://www.financemagnates.com/institutional-Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term/technology/chinese-bank-extends-russian-collaboration-yuan-ruble-trading/, followed an increased trading volume in the CNY/RUB pair as well as plans by the leaders of the BRICS countries to set up a common bank.