skip to Main Content

NewbridgeFX provides an established cross border RMB/CNY service allowing clients to send money out of mainland China in a reliable, safe and secure manner.

We have partnered with a local licensed and regulated Foreign Exchange provider in order to legally convert RMB in to various global currencies, and settle the funds in to your beneficiary account around the world

How it works

1 Pre-trading

Onboarding – Clients are required to provide know your customer details (KYC) and sign a Client Service Agreement (CSA) which contains the process and transactional information. Our standard KYC pack can be shared on request.

2 Trading

  • Trading Groups will be established
  • Clients are required to book the trade at T-1 or earlier at which time the destination account and currency will be confirmed
  • On the morning of the agreed trading day the FX rate is confirmed
  • Client transfers RMB/CNY to our receiving accounts before 11am
  • Client provides transfer receipts which are acknowledged by the trading team
  • On receipt of funds, settlement is then initiated to clients offshore account according to agreed channel
  • All aspects of this process are agreed in our CSA

3 Settlement

Clients will have their funds available in USD on the same day as the settlement date. This can be settled locally or globally (in USD or other currencies) immediately thereafter, typically on a T+1 basis

Business & Personal Services

Importers and Exporters – Managing Foreign Exchange Fluctuations

If you are a business that operates as an importer or an exporter, or maybe both, then you are…

Buying or Selling an Overseas Business

If you are considering buying or selling an overseas business, then it is crucial that you gain an understanding…

Processing international payroll

As the world has become a smaller place, it is now common for businesses to pay employees who are…

Repatriating overseas earnings

Whether you are an individual who has been working overseas or you are a business located overseas, there is…

General Business Payments Abroad

Many businesses have a desire to move into new markets as they look to expand, and this causes many…

Purchasing or selling a property overseas

Whether you are thinking of purchasing or selling property overseas, it’s important to understand that the process is different…

Retiring Abroad

If you’re retiring abroad, you’re probably looking forward to relaxing in the sun or exploring new places. However, moving…

Emigrating Overseas

Moving to a new country can seem daunting and it requires planning but you’ll also need to consider your…

Purchasing and Selling Foreign Investments

Purchasing or selling foreign investments overseas requires you to be abreast of the latest foreign exchange development and movements.…

Relocating for Work

If you’re relocating for work, you’re likely to be embarking on a new adventure but there’s a lot to…

Spot Contracts

A spot contract is one of the most common foreign exchange products used to sell one currency and buy…

Forward Contracts
Forward contracts allows you to secure an exchange rate today, but for settlement at a specific date in the future.
Market Orders

The currency markets are very volatile but it is possible to secure an exchange rate above the current market…

Rate Alerts

Transferring money internationally can become quite complex, especially when it comes to fluctuations between various currencies. Exchange rates change…