1, know your customer principle.
It means that banks should understand the business scope, scale and development direction of corporate customers, that is, control the customer access of various businesses and prevent financing risks from the source.
2. Understand business principles
It means that banks should strengthen the examination of business information and strictly examine the authenticity and compliance of business background according to the production and operation, financial status, products and market conditions of enterprises.
3. The principle of due diligence
It means that banks conduct a comprehensive and complete authenticity audit of specific businesses and vouchers in accordance with the requirements of internal control system and operating procedures. Fully verifying the information of "know your business" and "know your customers" is the key.
The difference between settlement and sale of foreign exchange:
1, settlement of foreign exchange
Settlement of foreign exchange means that all domestic enterprises, institutions, organs and social organizations (except foreign-invested enterprises) must promptly repatriate foreign exchange income within the prescribed scope in accordance with the provisions of the state foreign exchange management regulations, and sell all foreign exchange income to designated foreign exchange banks at the exchange rate listed in banks. There are many ways to settle foreign exchange, such as compulsory settlement, willingness settlement and quota settlement.
2. Foreign exchange sale
It means that when domestic enterprises, institutions, organs, social organizations and individuals need foreign exchange for external payment, they can purchase the required foreign exchange in RMB at designated foreign exchange banks with relevant documents and materials in accordance with the relevant state regulations on foreign exchange management. From the perspective of foreign exchange users and individuals, selling foreign exchange is also called purchasing foreign exchange.
Refer to the above content: Baidu Encyclopedia-Settlement and sale of foreign exchange