About the product
Spot foreign exchange settlement and sale business includes spot foreign exchange settlement and spot foreign exchange purchase business. The former refers to the exchange business in which customers sell their foreign currency cash or spot exchange to the Bank, and the Bank pays the equivalent RMB at the spot exchange rate (foreign exchange purchase price or banknote purchase price). The latter refers to the exchange business in which customers buy foreign exchange from the Bank in RMB, and the Bank pays the equivalent foreign currency at the spot exchange rate (selling price).
Product features
Meet customers' demand for foreign exchange.
Application
Domestic institutions with foreign currency exchange needs and other customers approved by the State Administration of Foreign Exchange.
Rate
No handling fee in charged. Please refer to the relevant quotation of the Bank on spot foreign exchange settlement and sale for the exchange rate.
