Cross Border RMB Trade Finance, This product is jointly innovated by ICBC (Asia), ICBC Branches in China and China Merchants Bank for RMB cross-border settlement business. This product aims to provide foreign currency funding for the client via RMB cross-border settlement business. RMB letter of credit is used as a guarantee. The affiliated Hong Kong-based company requests ICBC (Asia) for foreign currency loan, and enters into NDF/DF for FX hedging purpose.