上海国际货币经纪有限责任公司

Voice Broking

Business Advantages

Rapidly centralizing market information and assisting customers in finding best bid/offer prices for related products
Improving communication efficiency of complex information and market liquidity of complex products through brokers' active participation
Expanding trading coverage and efficiency via multi-electronic terminal, providing local optimization and overall linkage support for trading decisions
Providing tradable prices, simplifying trading process and saving time cost
Anonymous matching enhances trading efficiency among participants with various scale and different trading demands
Assembling daily latest trading information, offering real-time and in-depth data mining

Money Broking Standard Service Agreement

Money Market

Interbank Lending and Borrowing: The financial institution or the branches borrows short-term money that include RMB and foreign currencies by the full credit way that the borrower don’t require any collateral, and the business purpose is cut position and transfer money to remain balance.
Repo: A type of short-term financing business where bonds are used by both trading parties as a pledge of rights.
Interbank Deposit: Interbank Deposits, due to the settlement convenience and business cooperation, financial institutions deposit money into commercial banks.
NCD: As a substitute for inter-bank deposits, negotiable certificate of deposit is a registered fixed deposit certificate issued by deposit financial institutions in the national inter-bank market.

Bond Market

Cash Bonds

The issuer (money demander) obtains the money from investors (money suppliers) through the issuance of bonds, on the maturity date issuers need to pay back the principal and interest that calculated by the fixed interest rate on the coupon, so the two sides is a creditor-debtor relationship. Relative to a newly or additional issued bonds, the bonds have been traded in the secondary market, and bonds divided into two kinds of rates and credit.

Treasury bonds
Financial bonds of policy banks
Medium-Term Notes
Commercial Papers
Super & Short-term Commercial Papers
Enterprise Bonds
Others

Derivatives Market

IRS: Interest rate swap refers to a financial contract in which both trading parties swap the interest rates between the fixed against the floating.
FRA: Forward Rate Agreement, it is a kind of financial contract that the two sides agree to exchange the notional principal on the basis of the contract interest rate .

FX Market

FX Swap: The contract involves in the two transactions of different exchange rate, different value date and the opposite direction. According to the difference of value date, FX swap divided into the two transactions of spot to forward or forward to forward.
FX Forward: Relative to the spot, one of the features of the forward contract is value date beyond all spot dates. FX forward trading is a binding obligation between the trading parties to buy or sell a certain amount of foreign currency at a contracted rate of exchange on a certain date in the future.
FX Option: Foreign exchange option focuses on currencies. Once buyer pays an option fee of certain amount to seller, the buyer obtains a right.
CCS: Cross currency interest rate swap refers to a financial contract in which both trading parties agree to exchange a certain amount of two currencies at the start and end of the contract, and pay the interest to each other regularly.

Gold Derivatives

Gold Swap: Gold Swap refers to two deliveries in which both trading parties agree to exchange capital and goods in opposite direction with different value date. In the first delivery, one side buys(sells) gold at an agreed price; in the next, the side sells (buys) gold at another stipulated price.
Gold Option: Gold Option is divided into call gold option and put gold option. The call gold option buyer pay a certain amount of option premium to obtain the right to buy a certain amount of gold at an agreed price which must be satisfied by the seller. Comparatively, the put gold option buyer pay a certain amount of option premium to obtain the right to sell a certain amount of gold at an agreed price which must be satisfied by the seller.

Business of Commercial Paper

Commercial Paper Inter-Bank Discounting: Commercial paper inter-bank discounting refers to an activity where financial institutions holding commercial papers transfer rights of drafts to other financial institutions by paying the agreed amount to the holder after deducting agreed interests.
Commercial Paper Repo: Commercial paper repo refers to a form of financing in which repurchasing party pledges commercial paper assets for short-term funds, including pledge-style repo and buyout repo.
Standardized Commercial Paper: Standardized commercial paper is a form of monetary market instrument, which refers to the beneficiary certificate divided into equal shares which is created with the cash flow generated from the underlying asset pools formed by depositary institutions by collecting commercial drafts with similar core credit elements and similar payment periods as the payment support.