According to the regulations of the State Administration of Foreign Exchange, the foreign exchange administration departments designate banks to manage the collection and settlement of foreign exchange of enterprises. In order to enhance the effectiveness of the authenticity management of trade foreign exchange, enterprises are required to truthfully declare the balance of payments.

The declaration of foreign exchange trade background refers to ensuring the trade authenticity of each foreign exchange receipt by simply associating it with the export order. New foreign exchange must be declared in the background of trade before funds can be withdrawn and transferred. If you don't declare, the funds will not be withdrawn.

Before the outbreak, the implementation of the policy was that in principle, foreign exchange purchase under export was not allowed to repay trade financing, and the restrictions on foreign exchange purchase after foreign exchange settlement loans were relaxed. After the publication of document 20 17, domestic foreign exchange loans with export background are allowed to settle foreign exchange, but in principle, they will be repaid with their own foreign exchange funds in the future, not by purchasing foreign exchange. If there is a demand for repayment of foreign exchange, it is necessary to report to the foreign exchange bureau in advance. The management of foreign exchange settlement in export trade financing requires banks to abide by the principle of trade authenticity, handle business in strict accordance with operational procedures, and prohibit the use of domestic foreign exchange loans for trade financing products that can settle foreign exchange at will. Once an enterprise needs to purchase foreign exchange to repay trade financing due, according to the requirements of foreign exchange risk management of the bank, the bank should apply to the foreign exchange bureau for authenticity audit.