SEB launch electronic FX trading of CNH via the...

Following their  launch of services in offshore Chinese Yuan (CNH) for cash
management, trade finance and foreign exchange in December 2010, SEB today
announces the launch of an enhanced service to facilitate electronic trading of
CNH via the SEB Trading Station. From today CNH can now be traded 24 hours
through SEB's international network.

SEB is one of the first international banks to offer such services to its
clients. This opens up a range of new opportunities for organizations that have
cross-border trade with China.

Examples of action only currency pairs:

+---------+---------+---------+---------+---------+
| USD/CNH | EUR/CNH | SEK/CNH | NOK/CNH | DKK/CNH |
+---------+---------+---------+---------+---------+
| CAD/CNH | GBP/CNH | CNH/JPY | CHF/CNH | AUD/CNH |
+---------+---------+---------+---------+---------+


For further information, please Press contact
contact                         Elisabeth Lennhede,  Press & PR
David Steiner, Head of e-FX     +46 8 763 99 16, [phone]
sales                           [e-mail]
[phone]
                                Ola Kallemur, Press officer
                                [phone], [phone]

--------------------------------------------------------------------------------
SEB is a leading Nordic financial services group. As a relationship bank, SEB in
Sweden and the Baltic countries offers financial advice and a wide range of
financial services. In Denmark, Finland, Norway and Germany the bank's
operations have a strong focus on corporate and investment banking based on a
full-service offering to corporate and institutional clients. The international
nature of SEB's business is reflected in its presence in 20 countries worldwide.
On 31 December 2010, the Group's total assets amounted to SEK 2,180bn while its
assets under management totalled SEK 1,399bn. The Group has about 17,000
employees. Read more about SEB at www.sebgroup.com.




Press release (PDF): 


http://hugin.info/1208/R/1493466/429239.pdf




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Source: SEB via Thomson Reuters ONE

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