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 Forward Foreign Exchange Settlement and Sale

1) Basic Definition 
Forward foreign exchange settlement and sale business means that customer and bank sign contract to appoint the currency type, amount, term and foreign exchange rate for the foreign exchanges settlement or sales to be operated in the future, the transaction mentioned above should then be processed according to the specified terms.  
 
2) Product Overview: 
1. Product feature: Forward foreign exchange settlement and sale business locks the exchange rate in the future which play the role of both value maintenance and risk prevention. Forward foreign exchange settlement and sale must be in compliance with state foreign exchange administration policy, and adopts the principle of actual demand. 
2. Transaction currency: the currencies as USD, HKD, JPY, EUR, GBP, SEK, AUD, CAD, SGD and etc. 
3. Transaction term: customer can apply for a forward foreign exchange settlement and sale with a standard term or a non-standard term. The standard term are divided into, 7 days, 20 days, 1 month, 2 months, 3 months, 4 months, 5 months, 6 months, 7 months, 8 months, 9 months, 10 months, 11 months, 12 months and etc. while the non-standard ones can be selected at customer’s will. Customer may also select optional foreign exchange settlement and sale business, i.e. The term of an option forward transaction is determined in light of the starting day and maturity day of the transaction. The determination of the two dates above should be in line with the standard of above terms as well as identical to any one of them. 
4. Customer scope: corporate customers mainly are two categories of non-financial institutional customer and financial institutional customer, including FTZ customer meeting regulatory provision, overseas institutional investor invested in domestic securities market, domestic purchase and sales business customer, overseas agent interest rate business customer and other customers meeting regulatory requirements. 
 
3) CCB Strength: 
1. CCB is the market maker in RMB foreign exchange interbank market, presenting powerful offering capability, rich market-making experience, and strong transaction execution capacity to save customer transaction cost.  
2. Professional service. We will go with you with outstanding quality, nice service, and our professional team to offer financial market research service.




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