SEB Shanghai becomes the first Nordic bank to receive Derivative license in China
Carl Christensson, general manager at SEB in Shanghai says, "It is very satisfying to be the first Nordic bank to receive the derivative license which allows us to offer our clients even more solutions to effectively manage their risks in China. The next step is to get approval for RMB forwards from the State Administration of Foreign Exchange (SAFE)". Eddie Amin, head of Trading & Capital Markets, at SEB in Shanghai added "The derivative license will allow our clients in China to hedge their foreign exchange exposures in forwards and swaps directly with our team of dealers in our