Examples of Chinese Yuan Renminbi in a sentence
Foreign exchange riskThe Group operates in Greater China and is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to the US$ and Chinese Yuan Renminbi (“RMB”).
In addition, there are smaller exposures to various currencies such as the British pound, Polish zloty, Australian dollar, Indian rupee, Argentine peso, Canadian dollar, South African Rand, Ukraine Hryunia, the Turkish lira and Chinese Yuan Renminbi.
Peso MXN ( Mex$ ), Nigerian Naira NGN ( ₦ ), Israeli Shekel ILS (₪), Japanese Yen JPY ( ¥ ) or the Chinese Yuan Renminbi CNY ( ¥ ).
In the event that Customer requests to be invoiced in a currency other than United States Dollars or Chinese Yuan Renminbi, the proper amount for settlement of a transaction shall be the amount denominated in this Agreement in United States Dollars converted into the referenced foreign currency at the rate of exchange as of the Invoice date.
You may issue Payment Orders denominated in Chinese Yuan Renminbi (“CNY”) to Bank for credit to beneficiary accounts held at banks located in mainland China provided that your Account from which the wire transfer is made is a multicurrency deposit account denominated in CNY.
Currency risk The Fund is denominated in SGD, as such investors who are converting from Australian Dollar (“AUD”), Chinese Yuan Renminbi (“CNH”), Euro Dollar (“EUR”), British Pound Sterling (“GBP”), Ringgit Malaysia (“RM”) and United States Dollar (“USD”) to SGD to invest into the Fund will be subject to currency risk, as the distribution and payment at maturity is in SGD.
The consolidated financial statements are presented in Chinese Yuan Renminbi (“RMB”), which is also the functional currency of the Company and its subsidiaries.
With respect to L&G E Fund MSCI China A UCITS ETF, the Fund’s cash (received from subscriptions) is converted from US Dollar (USD) into Chinese Yuan Renminbi (RMB) for the purpose of purchasing Chinese domestic equities.
Therefore, exposure to interest rate fluctuation is minimal.3. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES (CONTINUED) Currency risk The Fund is denominated in Chinese Yuan Renminbi (“RMB”), as such investors who are converting from Australian Dollar (“AUD”), British Pound Sterling (“GBP”), Ringgit Malaysia (“RM”), Singapore Dollar (“SGD”) and United States Dollar (“USD”) to RMB to invest into the Fund will be subject to currency risk, as the distribution and payment at maturity is in RMB.
Where relevant please note the following currencies, Jordanian Dinar, Saudi Riyal, cash in the onshore China market (principally the currency of Chinese Yuan Renminbi, and any other currencies remitted into accounts in the onshore China market), are no longer held on the Balance Sheet of TNTC.