Article 15 The term "foreign exchange reserves" as mentioned in these Guiding Opinions refers to foreign exchange funds received and paid by payment institutions on behalf of customers after a transaction, and shall not be received in advance or pre-stored without a transaction.
The income range of foreign exchange reserve account includes foreign exchange transfer or purchase by domestic payers, remittance by overseas payers and foreign exchange funds returned from the original channel and currency due to transaction failure; Expenditures range from foreign exchange transfer to RMB reserve account or RMB account of domestic payee. Remittances to overseas payees, and foreign exchange funds withdrawn from the original route and original currency due to customer's wrong remittance, repeated remittance or transaction failure.
Article 16 A payment institution shall choose a domestic RMB reserve deposit bank and open a 1 foreign exchange reserve account. At the same time, according to business needs, no more than three domestic commercial banks can be selected as reserve cooperative banks, and each cooperative bank can open a 1 foreign exchange reserve account. The above two accounts can handle centralized foreign exchange receipt and payment.
Article 17 The foreign exchange reserve accounts of payment institutions shall be included in the management of foreign exchange accounts, and banks shall fill in the data under the "foreign exchange reserve accounts of payment institutions".