About the product
Forward foreign exchange settlement and sale business refers to the business in which a customer signs a forward settlement and sale contract with the Bank and a bank qualified for the forward foreign exchange settlement and sale business, stipulating the date, currency, amount and exchange rate of foreign exchange settlement and sale; by the agreed date, the foreign exchange settlement and sale will be conducted in accordance with the currency, amount and exchange rate stipulated in the contract.
Product features
Forward foreign exchange settlement and sale business adopts the principle of actual demand and multiple prices per day. This product enables customers to lock in the future exchange rate, i.e., lock in the future costs or benefits, thus playing a role in preserving value and avoiding risks.
Application
Domestic institutions that hold future foreign exchange receipts and payments and need to lock exchange prices, and other customers permitted by foreign exchange management policies.
Rate
No handling fee is charged. Please refer to the real-time forward foreign exchange settlement and sale quotation of the Bank for the exchange rate.
