OREANDA-NEWS. April 27, 2012. In April 2012 UkrSibbank BNP Paribas Group opened its own correspondent account in Chinese Yuan (CNY) in order to expand the list of services offered to clients engaged in external economic activity, reported the press-centre of UkrSibbank.
 
“The opening of such an account will allow UkrSibbank’s clients to make payments in CNY under their foreign trade contracts with partners from China which export China-manufactured goods. Using Yuan for trade agreements will also enable our clients get better price conditions,” said Francois Girod, Deputy Chairman of the Management Board, Head of Capital Markets UkrSibbank BNP Paribas Group.
 
Today, UkrSibbank has a diversified network of Nostro correspondent accounts opened with leading foreign banks all over the world in various currencies, including Turkish lira, Polish zloty, Hungarian forint, Australian and Canadian dollars, Japanese yen, and others.
 
UkrSibbank also offers services of its Trade Finance Centre, part of BNP Paribas Global Trade Services, with a view to ensuring proper payments, financing, and mitigating risks for companies engaged in foreign economic activity. The bank’s clients can use the Global Trade Services network, which operates over 90 trade finance centers worldwide. Clients can thus take advantage of competitive prices for financing import/export operations with China-based counteragents as well as other counteragents from all over the world.