In the Central Bank launched the Renminbi exchange rate regime since the reform of the Renminbi against the US dollar exchange rate fluctuations in the middle price two-way. On export enterprises, the appreciation of the Renminbi, plus Europe and economic uncertainty, foreign exchange rate risk is the one had to face. This reporter has learned that the city's many enterprises believe that devaluation of the euro has made Enterprise profit shrink, RMB against the dollar is up too late to rise early, less than l l, so when the foreign orders are cautious.
In this situation, foreign trade enterprises which do? according to construction Bank of Jinhua branch should introduce Super flat, restart the exchange rate regime, the exchange rate fluctuations, enterprises can lock forward rate, avoiding the risk of exchange rate swings, or you can lock the single order of business of the exchange rate, thus locking the income, the most convenient products of the Bank's international business is the forward sale. For example, after restart, I seized the opportunity in a business, June 23, lock a sum of $ 2 million a month forward exchange rate, the settlement date is 7, 2-26, locking of exchange rates is 6.7936. To 2 July, the spot foreign exchange settlement price fluctuations around 6.76. Enterprises in US dollar proceeds, 7 2-26 to 6.7936 price settlement, now a deal million, revenues of approximately RMB 67200.
The importer, if the expected future devaluation of the currency relative to foreign currency, he will face increased costs, reduced risk of interest, and in the foreign exchange business banking agency, when the payment of foreign exchange contracts to purchase foreign exchange contract price to hedge or ensure profit. The exporter, if the expected future appreciation of RMB relative to foreign currency, he will face the risk of lost revenue, you can also sign agreement with the Bank in the foreign exchange income to agency prices when selling foreign currency to hedge or ensure profit.
In addition to the use of bank products, the enterprise if the access to finance through credit insurance, equally effective in avoiding exchange rate risk. Reporter yesterday from China export credit insurance company Jinhua Office was informed that in the first half of this year, the city's foreign trade enterprises through export credit insurance for trade finance 5.4 billion RMB, and through trade financing of hedging exchange rate risk avoidance function successfully.
Export credit insurance under the trade finance, China export credit insurance corporation to address export enterprises financing challenges, extends export credit insurance, and commercial launch of an innovative services, small and medium-sized welcome. Only the first half of this year, the city has 120 companies and credit insurance companies financing business, four banks can handle.
"Export credit insurance under the trade finance, introduces the ' credit ' new concept. "China export credit insurance companies in charge of Jinhua Office told reporters that the previous Bank worried about bad risks, are often not willing to provide financial support to SMEs. And export credit insurance under the financing will export credits and export credit insurance, eliminate Bank worries, exporters can therefore reduce the guarantee conditions for financing, even with good credit can avoid mortgage guarantee.
In avoiding exchange rate risk, export credit insurance under the trade finance is also very useful. According to reports, the company acquired through negotiation, can purchase foreign currency loans into RMB exchange rate using lock in advance. Drawings in export enterprises, the Bank directly deducted from the export proceeds charge remittance of foreign currency, whether or not the proceeds of exchange rate changes on how does not have an impact on enterprises, avoiding exchange rate risk of the enterprise.
For example, 7 April this year, the city transportation Group an enterprise of $ 10 million bags, the credit period of 90 days. After the enterprise with a shipping label cards and credit insurance insurance application card to the Bank to apply for a documentary, Bank 14 April review by and in accordance with the ratio of 80% of the issued loans 8 million, according to the exchange rate prevailing on the enterprise apply for settlement. 682.61 90 days after the receipt of the buyer to pay Enterprise 10 million loan and us $ directly return the loans. While the exchange rate of the day and for 677.9, April 14, the exchange rate difference compared to 4.71, enterprises from the financing received proceeds of $ 3768.
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