Trading with China with 100% settlements in rubles and yuan requires a banking infrastructure that works with both currencies without loss of conversion and delays through third banks. Roseximbank, a structure created to support Russian exports and imports, has assembled this into one product.
What is included in the package
Lending in yuan is a key position. Logic: if a company buys in China for yuan, a loan in yuan also removes currency risk. There is no need to convert rubles to yuan, pay the spread and worry that the exchange rate will change between the date of taking the loan and the date of payment to the supplier.
At the current Central Bank rate of 14.5%, a ruble loan is expensive. Rates on yuan loans in Russian banks have historically been lower, usually in the range of 5-8% per annum for companies with a good credit history. The difference is significant.
Multi-currency accounts in Roseximbank allow you to keep funds in rubles, yuan, dirhams of the UAE, tenge and other currencies of friendly countries — without having to make a conversion during each operation.
Contract support — legal and financial expertise on a specific transaction, verification of the counterparty, assistance with documents.
Who does it work for
First of all, for companies with regular large shipments from China. The volume of benefits increases linearly with the volume of trade: with shipments of 50 million rubles per quarter, the difference between ruble and yuan loans can amount to 1.5–2 million rubles of savings per year.
For small businesses with small one—time supplies, the complexity of Roseximbank's workflow may outweigh the benefits. It is still more convenient to work through small banks connected to CIPS.
The context
At the same time, Russia is expanding its connection to CIPS, the Chinese interbank settlement system. A number of Russian second-tier banks have gained direct access to CIPS, bypassing third banks. In this configuration, Roseximbank is a tool for those who need not just a payment channel, but a complete financial service.
