RBC Capital Markets Extends Global FX Capabilities
Launching Offshore Chinese Yuan Platform
BEIJING and HONG KONG, 16 May 2011 - RBC Capital
Markets, the corporate and investment banking arm of Royal
Bank of Canada (RY on TSX and NYSE), today announced the launch
of its deliverable offshore Chinese Yuan (CNH) platform.
The new platform will enable RBC Capital Markets to execute
interbank trades in CNH with its global clients and counterparties,
offering FX Spot, Forwards and Swaps. This new offering builds
on the existing CNY Non-Deliverable Funds product, which RBC
has been active in for some time.
Commenting on the launch Ed Monaghan, Global Head of FX,
RBC Capital Markets, said: "The ascent of China to the
second largest economy in the world means its currency has
grown in importance and is even more relevant to our global
client base. We see significant future prospects in the CNH
market and will be developing this business over the coming
About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking
arm of RBC and is consistently ranked among the top 11 investment
banks globally. With over 6,300 employees, RBC Capital Markets
is active globally in fixed income, foreign exchange, infrastructure
finance, ECM, metals, mining and energy. Working with clients
through operations in Asia and Australasia, the UK and Europe
and in every major North American city, RBC Capital Markets
provides products and services from 75 offices in 15 countries.
For more information, please visit www.rbccm.com
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries
operate under the master brand name RBC. We are Canada's largest
bank as measured by assets and market capitalization, and
among the largest banks in the world, based on market capitalization.
We are one of North America's leading diversified financial
service companies, and provide personal and commercial banking,
wealth management services, insurance, corporate and investment
banking and transaction processing services on a global basis.
We employ approximately 79,000 full- and part-time employees
who serve close to 18 million personal, business, public sector
and institutional clients through offices in Canada, the U.S.
and 56 other countries. For more information, please visit
- 30 -
For more information, please contact:
Brunswick: Joseph Lo Chi-Lun - Tel +852 351 25033
RBC Capital Markets:
- Tel: +44 (0)20 7029 7821