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RMB Foreign Exchange Swap

1) Basic Definition  
RMB foreign swap business means that customer and bank sign contract to appoint two exchange transactions of a foreign currency to RMB; in the two transactions, the amount of foreign currency is equal, the settlement date is different, in opposite directions.  
 
2) Product Overview 
1. Product feature: RMB foreign currency swap business can lock the exchange rate for the future conversion between foreign currency and RMB playing the role of value maintenance and hedging. Different to forward foreign exchange settlement and sale, RMB foreign currency swap business is two transactions in opposite directions, which can be considered as the combination of one at-sight foreign exchange settlement and sales and forward foreign exchange settlement and sales or two forward foreign exchange settlements and sales. RMB foreign currency swap must be in compliance with state foreign exchange administration policy, and adopts the principle of actual demand. 
2. Transaction currency: the currencies as USD/CNY, HKD/CNY, JPY/CNY, EUR/CNY, GBP/CNY, SEK/CNY, AUD/CNY, CAD/CNY, SGD/CNY and etc. 
3. Transaction term: customer can apply for a RMB foreign currency swap business 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.  
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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