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Introduction to RMB Invoicing for U.S. Corporates
Credits: CTP/CCM: 1.2 | FPAC: 1.2
Trade between the U.S. and China has long been settled using the U.S. dollar. But, as China continues to make its currency easier to use globally, are U.S. companies aware of the benefits of using local currency (e.g., lower costs)? Are U.S. companies prepared to make or receive renminbi (RMB) payments if their Chinese counterparties require a change in invoicing currency?
Treasury/finance, operations, sales, and procurement teams are encouraged to join this discussion of the latest trends in RMB invoicing, how U.S. corporates can benefit and how to prepare for implementation. This event is being presented by the AFP, U.S. Chamber of Commerce, and The Working Group on U.S. RMB Trading and Clearing.
Learning Objectives
• Learn about the renminbi (RMB) invoicing process and benefits to U.S. corporates
• Learn about China’s economic outlook and RMB internationalization
This recording was originally delivered live on Thursday, November 18, 2021 and is now available to you as a convenient and cost-effective way to support your learning and development while also earning CTP, CCM and/or FPAC credits.
Credits Confirmation
Take the quiz that appears at the conclusion of the recording within your recertification cycle to earn eligible credits. Once you’ve successfully completed the quiz, you will be prompted to complete a brief Credits Request Form. Following the completion of this form, an email confirmation of credits earned and directions to post your credits in the Recertification Reporting Tool will be sent to you for your records. If you attended the live version of this webinar, you cannot earn credit for the recorded as well.
Treasury/finance, operations, sales, and procurement teams are encouraged to join this discussion of the latest trends in RMB invoicing, how U.S. corporates can benefit and how to prepare for implementation. This event is being presented by the AFP, U.S. Chamber of Commerce, and The Working Group on U.S. RMB Trading and Clearing.
Learning Objectives
• Learn about the renminbi (RMB) invoicing process and benefits to U.S. corporates
• Learn about China’s economic outlook and RMB internationalization
This recording was originally delivered live on Thursday, November 18, 2021 and is now available to you as a convenient and cost-effective way to support your learning and development while also earning CTP, CCM and/or FPAC credits.
Credits Confirmation
Take the quiz that appears at the conclusion of the recording within your recertification cycle to earn eligible credits. Once you’ve successfully completed the quiz, you will be prompted to complete a brief Credits Request Form. Following the completion of this form, an email confirmation of credits earned and directions to post your credits in the Recertification Reporting Tool will be sent to you for your records. If you attended the live version of this webinar, you cannot earn credit for the recorded as well.
Speakers
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Tom Hunt, CTPDirector, Treasury ServicesAFP
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Alison FletcherTreasury Market SpecialistBloomberg L.P.
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Anna WongChief U.S. EconomistBloomberg L.P.
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Debra LodgeMD, Head of Commercial Banking International SolutionsHSBC
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Tom QuaadmanExecutive Vice President, U.S. Chamber of Commerce Center for Capital Markets CompetitivenessU.S. Chamber of Commerce
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Rachel LuHead of Financial Institution DepartmentBank of China