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Foreign Exchange Settlement & Sale, and Foreign Currency Conversion

Date: 2016-04-19

Features

Convenient conversion, preferential exchange rate 

Locked-in cost, appreciation and risk avoidance

Introduction

Spot Exchange Settlement and Sale

Refers to the business that PSBC, upon the request of a customer, converts Renminbi into a designated foreign currency, or vice versa, at the quoted exchange rate on the day of conversion.

Forward E xchange Settlement and Sale

Refers to the business that a customer reaches an agreement on forward exchange settlement and sale of foreign exchange with PSBC, and the agreement specifies the currency type, amount, term and exchange rate of foreign exchange settlement and sale in the future, so that the corresponding transaction, on the due day in the future, should be processed according to the provisions of that agreement.

Foreign Currency Conversion

Refers to the business that PSBC, upon the request of a customer, converts a foreign currency into another designated foreign currency, or vice versa, at the quoted exchange rate on the day of conversion.