07 October 2016

Deutsche Bank’s expertise in China‘s currency, the Renminbi (RMB), was last night hailed as the industry’s best by Asia Risk magazine, which awarded the bank the coveted title of “RMB House of the Year Award 2016”.

Since the beginning of RMB internationalisation, Deutsche Bank has led a number of market firsts; the first bank to transact CNH cross-currency swaps, as well as FX swaps and forwards.  Today the bank provides a diverse range of onshore and offshore RMB solutions right across its platform, from equities, FX, fixed income, to asset management tracker funds and cash management, reflecting a true house approach to RMB.   

Deutsche Bank’s Head of Global RMB Solutions Evan Goldstein said, “We are delighted to be named RMB House of the Year, and recognised for the market leading RMB solutions we deliver to corporates and financial institutions. We will continue to innovate and support our clients as they navigate the challenges posed by this low interest rate world.”

Asia Risk editor Aaron Woolner acknowleged Deutsche Bank’s RMB flows and structuring expertise, crediting the bank’s insight and skill in RMB.

“Clever thinking is underpinned by a broad-based business such as Deutsche Bank’s role in the onshore interbank bond market and the expansion of its FX4Cash RMB payment capability to five new Asian markets over the past year,” Mr Woolner said.

“Deutsche Bank stood out for its ability to both innovate with products such as the Volatility Knock Out and the USDCNH Cancellable Call Spread. Both required not only structuring skills but also a comprehensive underlying RMB business, with multi-directional flows to manage the consequent risks. The Volatility Knock Out structure was particularly impressive given that it was put together at a time of extreme uncertainty in the market,” he added.

According to Deutsche Bank research, RMB is forecast to become the third most traded currency in the world by 2020.  It’s expected that companies will use the currency to invest and trade as China’s capital markets develop and its economy continues to mature.

Deutsche Bank is active across all areas of the RMB market spanning FX, capital markets, credit and rates trading, equities, trade finance and cash management, sub-custody, and payments clearing. The breadth of the bank’s platform enables it to be a consistent provider of liquidity, financing, risk management and customised solutions to clients transacting in RMB.  Deutsche Bank also offers full RMB pricing and structuring solutions 24 hours a day, 5 days a week to onshore and offshore clients investing and trading in RMB.