Business Innovation in the Long Run

2007-8-21

　　Derivative Products Are Long Term Oriented 

    In order to achieve long-term business development, CMBC is not constrained to such narrow range as clearing agent or margin depositing management etc, but proposed the new concept of integrated services with the futures business as a platform, to explore a win-win space between banking and futures for the participants of the futures market through such integrated  whole-new value-added service.  　　

    Based on the two business brands, CMBC gradually extends the related service outward, providing custom online banking for enterprises based on banking-futures transfer, and offering multiple solutions to meet the needs of personal online banking such as futures account opening, standard warehouse warrant collateral service, client resource sharing etc. And oriented to the clients, CMBC designed the participation approaches and solutions for the futures companies, funds companies, securities, insurances and other institutions in the financial futures epoch.　　
 
    Shaoping, vice president of CMBC said that the development of the derivative products is needed for its strategic restructuring. He disclosed to the reporter, the strategic planning of CMBC for derivative products mainly include: provide margin depositing and management service for the futures market, and offering related consultation, standard warehouse warrant collateral financing etc; according to the system design of CFFE, act as a special clearing member to do clearing for the non-clearing members; act as the transaction clearing member in the financial futures market, dealing with transactions and clearing for bond futures, interest rate futures, currency futures and related option products; gradually become a full members for clearing and a market marker, engaging in the comprehensive businesses including operating, clearing, and brokering of derivative products and so on; if permitted by relevant laws and regulations of China, achieve equity cooperation with futures companies and exchanges.

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