Plbf transaction refers to the forward exchange rate and amount transaction agreed between the customer and the bank. Bank PLBF means that customers and banks reach an agreement on the forward exchange rate and transaction amount. It is a financial means derived by international trading enterprises in order to avoid the exchange rate risk of foreign exchange control countries or regions. "Forward exchange rate" is the symmetry of "spot exchange rate", which is usually stipulated in the forward foreign exchange transaction contract.

Data expansion

Forward exchange rate refers to the exchange rate used by foreign exchange that will be settled in a certain period of time in the future after foreign exchange transactions are completed. Forward foreign exchange business refers to the business of buying and selling foreign exchange by appointment, that is, the buyer and the seller sign a contract to stipulate the currency, amount, exchange rate and future delivery time of buying and selling foreign exchange, and then the seller meets and the buyer pays according to the contract.

When exporters sell goods by short-term credit and importers buy goods by deferred payment, there are certain foreign exchange risks for them from transaction to settlement. Due to the fluctuation or change of exchange rate, the exporter's local currency income may be lower than expected, and the importer's local currency payment may be higher than expected.

In the practice of international trade, in order to reduce the foreign exchange risk, exporters with forward foreign exchange income can conclude contracts with banks to sell forward foreign exchange, and after a certain period of time, sell the foreign exchange income to banks at the price stipulated at the time of signing, so as to prevent the exchange rate from falling and suffering economic losses; Importers with forward foreign exchange charges can also sign forward foreign exchange contracts with banks, and after a certain period of time, they can buy from banks at the price stipulated at the time of signing, so as to prevent the exchange rate from rising and increase the cost burden. In addition, due to the existence of forward foreign exchange transactions, it is also convenient for exporters and importers with forward foreign exchange receipts and payments to calculate the costs of their exporters and importers in advance, determine the sales price and calculate profits and losses.