Themen:
Media Release
June 3, 2021
Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) Vietnam is enabling offshore institutions and corporates to better manage their exposures to Vietnam’s restricted currency by launching new features for post–trade activity on its award winning FX platform, Autobahn.
The bank’s introduction of new Vietnam Dong (VND) risk management options coincides with new Vietnam FX hedging rules introduced by the State Bank of Vietnam which took effect on 17 May 2021 to simplify onshore currency hedging for offshore entities.
The new simplified hedging rules enable foreign institutions to better manage Vietnam Dong exposures in post-trade transactions like foreign institutions investing in local currency government bonds. Foreign investors can now access the onshore forward price to hedge their underlying government bond exposure.
Foreign corporations now can also hedge for up to one year for long term liabilities such as intercompany loans, and roll over their hedge contracts until maturity of their liabilities.
Deutsche Bank Chief Country Officer Quang Huynh-Buu, said: “Under the new regulations, foreign institutions and corporations now have more tools to hedge their exposure to local currency fluctuations.
Deutsche Bank’s expansion of Vietnam Dong FX pricing on its platform aims to cater to the growing volume of disbursed foreign direct investment (FDI) into Vietnam, which was USD 5.5 billion in April this year, up 6.8% year on year.
At end April 2021, registered FDI into Vietnam totalled USD12.25 billion, with foreign multinationals investing to develop manufacturing supply chains in the growing Vietnam economy, and foreign institutional investors seeking to participate in the country’s growth.
For further information please contact:
Deutsche Bank AG
Media Relations
Sarah Stabler
Email: sarah.stabler@db.com
Phone: +65 9116 9970
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 20 March 2020 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.
Further links on the topic
Autobahn
Deutsche Bank Vietnam
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