1. Corporate bank forward settlement and sale of foreign exchange refers to the settlement and sale of foreign exchange business in which customers sign a forward settlement and sale agreement with the bank, stipulating the foreign exchange currency, amount, term and exchange rate of future settlement and sale, and handle it according to the currency, amount and exchange rate agreed in this agreement when it expires. The term of the ultra-forward foreign exchange settlement and sale agreement exceeds one year.

2. As of 2 1 March 2023, all state organs, organizations, enterprises, institutions, armed forces, financial institutions, foreign-funded enterprises, individual foreign trade operators and individual industrial and commercial households in China can apply to the Bank of China for settlement and sale of foreign exchange in the ultra-long term on the premise of meeting actual needs.

3. Currency of forward settlement and sale of foreign exchange by corporate customers: USD, HKD, EUR, JPY, GBP, AUD, CAD and CHF.