China Everbright Bank (Europe) S.A. connects institutional clients to global wholesale capital markets, providing sophisticated currency risk management, derivatives, and yield optimization.
Direct institutional pricing in EUR/CNY, EUR/CNH, USD/CNY, and European G10 currencies. We structure FX Spot, Deliverable and Non-Deliverable Forwards (NDFs), and long-dated Cross-Currency Swaps (CCS).
Protect against benchmark interest rate volatility across EURIBOR, SOFR, and SHIBOR curves. Tailored Interest Rate Swaps (IRS), Interest Rate Caps, Collars, and swaptions for corporate loan portfolios.
Access our dedicated DCM desk for Green Eurobond, Dim Sum, and Panda bond structuring. Use our specialized International Bank Debt Calculator and Verification Panel.
Competitive short-term money market deposits, certificates of deposit (CDs), and dual-currency investments providing corporate treasurers with capital preservation and enhanced liquidity yields.
Each instrument below is described on its own: what it does, how it is priced and settled, the tenors we quote and the treasury problem it solves. Terms are indicative and addressed to professional and institutional clients; every transaction is documented under market-standard agreements and reported under EMIR.
Six instruments covering every horizon of currency exposure, from settlement later this week to ten-year balance-sheet hedging, in EUR, USD, GBP, CHF, CNY, CNH and the other G10 currencies.
Outright purchase or sale of one currency against another at today's rate, settled two business days later. Our dealers quote directly off the interbank market in EUR/CNY, EUR/CNH, USD/CNY and all major crosses, with same-day value available on request for EUR and USD.
Fixes today the exchange rate for a purchase or sale of currency on a chosen future date. The forward rate is the spot rate adjusted for the interest-rate differential between the two currencies, so the hedge carries no premium and removes rate uncertainty from a known payable or receivable. Window forwards allow delivery at any time within an agreed period.
A forward for currencies that cannot be freely delivered offshore, above all onshore renminbi (CNY). No principal changes hands: at maturity the difference between the contracted rate and the official fixing is settled in EUR or USD. It hedges CNY-denominated exposures from Luxembourg without an onshore account.
Combines a spot transaction with an opposite forward: two currencies are exchanged today and the exchange is reversed at a fixed rate on a later date. Used to bridge a temporary surplus in one currency against a shortfall in another, to roll an existing hedge to a new date, or to fund a CNH balance from EUR without taking currency risk.
A long-dated exchange of principal and interest payments in two currencies, typically to convert a loan or bond raised in one currency into synthetic funding in another. A European group can raise EUR and swap it into CNH to fund a Chinese subsidiary, or an issuer can swap Dim Sum bond proceeds back into EUR, with fixed-to-fixed, fixed-to-floating or floating-to-floating legs.
A vanilla option gives the right, but not the obligation, to buy or sell currency at a set strike on a set date, against an upfront premium: the worst case is locked in while favourable moves remain available. Combining a bought and a sold option into a collar brackets the rate within a band, often at zero net premium. Offered to professional clients after a suitability and appropriateness assessment.
Five instruments that fix, cap or bracket the cost of floating-rate borrowing across EURIBOR, €STR, SOFR, SONIA and SHIBOR, sized and dated to match the underlying loan.
Exchanges a floating benchmark payment for a fixed rate on an agreed notional, without changing the underlying loan. A borrower on 3-month EURIBOR pays us a fixed rate and receives EURIBOR, so the all-in cost of the loan is known for the life of the hedge. Amortising and forward-starting profiles follow the drawdown and repayment schedule of the financing.
Sets a ceiling on a floating rate in return for an upfront premium. Whenever the benchmark fixes above the strike, we pay the difference on the notional; when rates stay below the strike the borrower simply continues to benefit from the lower rate. A cap is insurance against rising rates that keeps full participation in falling rates.
Combines a purchased cap with a sold floor so the floating rate can move only within a defined band. The premium received for the floor offsets the premium paid for the cap, which is why most collars are structured at zero cost. The borrower gives up part of the benefit of a rate fall in exchange for free protection against a rise.
An option to enter into an interest rate swap at a pre-agreed fixed rate on a future date. It secures the hedge rate for a financing that has not yet been signed, such as an acquisition or a construction facility, and may simply be allowed to lapse if the transaction does not proceed or if rates have moved favourably.
Locks in the interest rate for a single future period, typically three or six months starting up to a year ahead. At the start of the period the difference between the agreed rate and the benchmark fixing is settled in cash. A FRA is the simplest way to hedge one rollover of a short-term loan or deposit.
Five ways to place surplus cash for a day or a year, in EUR, USD, GBP, CHF and CNH, balancing yield, access and deposit protection.
Cash placed for a fixed period at a rate agreed at the outset and paid at maturity. Available from overnight to twelve months in EUR, USD, GBP, CHF and CNH, with automatic rollover or transfer of the proceeds on request. Deposits of eligible depositors are covered by the Luxembourg deposit guarantee scheme (FGDL) up to EUR 100,000.
An interest-bearing account with no fixed maturity: funds are released after a notice period of 31, 62 or 95 days. The longer the notice, the higher the rate, and the balance can be increased at any time. It suits reserves that are not needed immediately but should not be locked away for a fixed term.
A negotiable term deposit issued by the bank in registered form. Unlike a plain deposit it can be sold before maturity in the secondary market, so the holder keeps access to liquidity without breaking the placement. Issued in EUR and USD in denominations from EUR 500,000 or equivalent.
A short-term deposit combined with a sold currency option. The investor earns an enhanced coupon and accepts that, if the exchange rate crosses the agreed conversion level at maturity, principal and interest are repaid in the alternate currency at that level. Capital is not protected against currency movements, so the product is reserved for professional clients who can use both currencies.
A sale of high-quality securities with a commitment to repurchase them at a set price on a later date, economically a secured loan. Clients holding government or covered bonds can raise short-term cash against them (repo), or place cash on a collateralised basis (reverse repo), documented under the Global Master Repurchase Agreement.
Four issuance formats our DCM desk structures, places and lists for corporates, financial institutions and public-sector issuers, with the full bond toolkit available on the Bond Services portal.
Senior or subordinated bonds issued in EUR or USD under Regulation S, either as a standalone transaction or as drawdowns from a Euro Medium-Term Note (EMTN) programme. We advise on structure, prepare documentation, run the bookbuild with our syndicate partners and arrange listing on the Luxembourg Stock Exchange.
Use-of-proceeds bonds aligned with the ICMA Green Bond Principles and, where requested, the EU Green Bond Standard and the China–EU Common Ground Taxonomy. We assist with the framework, the second-party opinion, allocation and impact reporting, and placement with ESG-mandated investors in Europe and Asia.
Renminbi-denominated bonds issued offshore (CNH), typically in Hong Kong or Luxembourg. They give a European issuer access to CNH investors and funding that matches revenues from China or, swapped through a cross-currency swap, an alternative source of EUR at competitive levels.
Bonds issued by a foreign entity in China's onshore interbank or exchange market, denominated in CNY. Through our parent bank's onshore franchise we support registration with NAFMII or the CSRC, investor marketing and the repatriation of proceeds under the applicable cross-border rules.
Forwards, swaps, options and NDFs are governed by an ISDA Master Agreement with a Credit Support Annex setting out collateral and margining terms.
Repurchase transactions follow the Global Master Repurchase Agreement, with eligible collateral, haircuts and daily margin calls agreed in advance.
Clients are classified as professional or eligible counterparties, receive pre-trade cost disclosure and are executed under our best-execution policy.
Every derivative is reported to a trade repository, confirmed electronically and included in portfolio reconciliation and compression exercises as required by EMIR.
Tenors, currencies and settlement details are indicative, subject to credit approval, market conditions and our product governance rules, and do not constitute an offer. Derivatives and dual-currency investments can generate losses and are addressed to professional clients and eligible counterparties within the meaning of MiFID II. Deposit protection applies to eligible deposits only, up to EUR 100,000 per depositor.
