Foreign currency savings deposit: the business of banks to absorb foreign exchange funds of natural persons.
The interest rate of foreign exchange deposits shall conform to the provisions of the People's Bank of China on interest rates.
This business does not include offshore business.
The second is foreign exchange loans.
Foreign exchange loans include domestic foreign exchange loans and overseas foreign exchange loans.
Domestic foreign exchange loans refer to foreign exchange loans issued by banks to legally established institutions in China and natural persons of China nationality with full civil capacity, as well as loans from foreign governments and international financial organizations and import and export credits. The interest rate of domestic foreign exchange loans issued by banks shall conform to the provisions of the People's Bank of China on interest rates.
Overseas foreign exchange loans refer to foreign exchange loans and import and export credits issued by banks to overseas institutions and registered institutions outside China. The issuance of overseas foreign exchange loans by banks must be approved by the State Administration of Foreign Exchange and its branches. The interest rate should be in line with the international financial market interest rate level.
Banks that issue foreign exchange loans at home and abroad shall abide by the Law of People's Republic of China (PRC) Municipality on Commercial Banks and its relevant provisions.
This business does not include offshore business.
Third, foreign exchange remittance.
Refers to the bank's use of settlement tools to remit customers' foreign exchange funds into customers' designated accounts or remit the remitted foreign exchange funds.
This business does not include offshore business.
Fourth, foreign currency exchange
Refers to the exchange of RMB and foreign currency under non-trade items handled by banks and their foreign currency exchange branches.
"Foreign currency" in this business includes foreign currency cash, cash deposits, foreign currency checks, foreign currency credit cards, traveler's checks, traveler's letters of credit, etc.
Converting two foreign currencies according to the RMB exchange rate shall be regarded as two foreign currency exchanges.
Banks should abide by the relevant provisions of non-trade foreign exchange management when handling this business.
Five, foreign exchange interbank lending
It refers to the temporary adjustment of foreign exchange positions between financial institutions, including domestic and foreign foreign exchange interbank lending.
Domestic interbank foreign exchange lending is aimed at domestic Chinese-funded financial institutions that can engage in foreign exchange business with the approval of the State Administration of Foreign Exchange. Borrowers and borrowers should specify the amount, term, interest rate, purpose, rights and obligations of both parties of foreign exchange loans in the form of contracts or through credit lines. The loan term and interest rate shall comply with the provisions of the People's Bank of China.
The targets of overseas foreign exchange interbank lending are overseas financial institutions and domestic and foreign financial institutions. Overseas foreign exchange interbank lending can be conducted through credit lines, and the interest rate of overseas foreign exchange interbank lending should be consistent with the interest rate in the international financial market. The funds borrowed by banks from abroad are controlled by the short-term foreign debt indicators approved by the State Administration of Foreign Exchange, and the balance management is implemented.
Banks shall abide by the Law of People's Republic of China (PRC) Municipality on Commercial Banks and its relevant provisions when handling foreign exchange interbank lending business.
Intransitive verb foreign exchange loan
Including domestic foreign exchange loans and overseas foreign exchange loans.
Domestic foreign exchange borrowing means that banks borrow a certain amount of foreign exchange funds from domestic Chinese-funded financial institutions at the prescribed interest rate. The interest rate of domestic foreign exchange loans shall be in accordance with the relevant provisions of the People's Bank of China.