CNH and Critical service provider: Difference between pages

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The currency of the People's Republic of China (PROC), yuan renminbi, when it is traded offshore.
1.  ''Supply chain - suppliers - financial services.''


A service provider that provides critical services to a financial institution.


The yuan renminbi is a heavily regulated currency, but as part of the process of internationalising the currency the Chinese authorities have allowed a market in offshore deposits to develop.
''(Source - Financial Stability Board (FSB).)''


The currency traded offshore is known as the renminbi CNH whereas the onshore currency is known as the renminbi CNY. 


2.  ''Supply chain - suppliers.''


CNH is sometimes known as 'offshore CNY' or 'offshore RMB'.
Similar situations and dependencies in other sectors.


Of these three codes, only 'CNY' is an official ISO currency code.


==See also==
* [[Critical service]]
* [[Critical third parties]]  (CTP)
* [[Financial authority]]
* [[Financial institution]]
* [[Financial services]]
* [[Financial Stability Board]]  (FSB)
* [[Intra-group service provider]]
* [[Law]]
* [[Nth-party service provider]]
* [[Outsourcing]]
* [[Service provider]]
* [[Supply chain]]
* [[Systemic third-party dependency]]
* [[Third party]]
* [[Third-party risk]]
* [[Third-party service provider]]
* [[Third-party service relationship]]


 
[[Category:Accounting,_tax_and_regulation]]
== See also ==
* [[Dim sum bond]]
* [[ISO currency codes]]
* [[Offshore]]
* [[Onshore]]
* [[RMB]]
* [[The RMB takes centre stage: the internationalisation journey]]
* [[Yuan renminbi]]

Latest revision as of 10:51, 18 January 2024

1. Supply chain - suppliers - financial services.

A service provider that provides critical services to a financial institution.

(Source - Financial Stability Board (FSB).)


2. Supply chain - suppliers.

Similar situations and dependencies in other sectors.


See also