Offshore RMB definition

Offshore RMB means RMB that is freely deliverable between accounts in the Offshore RMB Centre in accordance with the law and applicable regulation and guidelines issued by relevant authorities in the Offshore RMB Centre prevailing as of the Trade Date of the Notes;
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Offshore RMB means RMB available for general exchange market transactions outside Mainland China.
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Offshore RMB means RMB available for general exchange market transactions
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Examples of Offshore RMB in a sentence

  • If the Client does not have sufficient Offshore RMB in the Account(s) for any purchase order of China Connect Securities through Northbound Trading or other payment obligation in connection with Stock Connect, the Client authorises Galaxy International Securities to convert any funds in another currency in any Account(s) into Offshore RMB for the purposes of settlement in connection with Stock Connect.

  • However, if there are no such funds (or all or any part of such funds cannot be converted into sufficient Offshore RMB) before any such settlement, settlement may be delayed and/or fail and the Client may not be able to purchase or transfer the relevant China Connect Securities.


More Definitions of Offshore RMB

Offshore RMB means the legal currency of the PRC, as traded outside the PRC; “RMB/onshore RMB” means the legal currency of the PRC, as traded within the PRC; “USD” means the legal currency of the US.
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Related to Offshore RMB

  • Offshore waters means marine waters of the Pacific Ocean

  • Offshore facility means any facility located in, on, or under any of the navigable waters of the state, but does not include a facility any part of which is located in, on, or under any land of the state, other than submerged land.