Oxygen. Sign forward settlement/sales summary agreement. Customers handling forward settlement and sale of foreign exchange shall sign a summary agreement on forward settlement and sale of foreign exchange with China Bank in duplicate, with the customer and the bank holding one copy respectively.

O3。 Entrusted audit. When applying for forward settlement and sale of foreign exchange, customers need to fill in the Power of Attorney for Forward Settlement and Sale of Foreign Exchange, and at the same time submit valid documents required by the Regulations on the Administration of Settlement, Sale and Payment of Foreign Exchange to Bank of China; China Bank Inspection Power of Attorney and related documents. The amount of forward settlement and sale of foreign exchange entrusted by customers shall not exceed the estimated amount of foreign exchange receipt and payment, and the transaction period shall be consistent with the actual period of foreign exchange receipt and payment.

O4。 The transaction is completed. After the Bank of China confirms that the client's entrustment is valid, the client pays the corresponding deposit or deducts the corresponding credit line; After the transaction is completed, Bank of China will issue a "Confirmation Letter of Forward Settlement and Sale of Foreign Exchange" to customers.

O5。 Due date review and delivery. On the maturity date, Bank of China shall examine the valid vouchers and/or commercial documents submitted by customers according to the relevant provisions on the management of foreign exchange settlement, sale and payment, and handle the delivery with customers.

O6。 Expand. Customers who fail to deliver the goods on time for reasonable reasons can apply for an extension.

O7。 By default. If the customer fails to fully perform the contract, the bank has the right to voluntarily liquidate the unpaid transactions after the final delivery date.

O8。 Normal foreign exchange settlement and sale business has a grace period of 3 days.

Concept of forward settlement and sale of foreign exchange

Forward settlement and sale of foreign exchange business refers to the settlement and sale of foreign exchange business in which the customer signs 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 handles it according to the currency, amount and exchange rate agreed in the agreement when it expires. The currencies of China Bank's forward foreign exchange settlement and sale business include US dollars, Hong Kong dollars, euros, Japanese yen, British pounds, Swiss francs, Australian dollars and Canadian dollars; The term is 7 days, 20 days, 1 month, 2 months, 3 months to 12 months, and there are *** 14 term grades. Transactions can be regular transactions or selective transactions.

Application conditions for forward settlement and sale of foreign exchange

1. Under the current account, all foreign exchange receipts and payments that can be settled and sold according to the Regulations on the Administration of Settlement, Sale and Payment of Foreign Exchange can be settled and sold in the future. When the forward foreign exchange settlement and sale transaction is due for delivery, the customer shall provide all valid documents required for the foreign exchange settlement and sale business.

2. Forward settlement and sale of foreign exchange under capital account is limited to the following aspects:

Repaying China Bank's own foreign exchange loans;

Repaying overseas loans registered by the State Administration of Foreign Exchange;

Foreign exchange receipts and payments of overseas direct investment registered by the State Administration of Foreign Exchange;

Foreign exchange capital income of foreign-invested enterprises registered by the foreign exchange bureau;

Foreign exchange income from overseas listing of domestic institutions registered with the State Administration of Foreign Exchange;

Other foreign exchange receipts and payments approved by the State Administration of Foreign Exchange.

Forward foreign exchange settlement and sale business process

1. Customers applying for long-term settlement and sale of foreign exchange should open relevant accounts in China Bank.

2. Sign the forward settlement/sales summary agreement. Customers handling forward settlement and sale of foreign exchange shall sign a summary agreement on forward settlement and sale of foreign exchange with China Bank in duplicate, with the customer and the bank holding one copy respectively.

3. Entrusted audit. When applying for forward settlement and sale of foreign exchange, customers need to fill in the Power of Attorney for Forward Settlement and Sale of Foreign Exchange, and at the same time submit valid documents required by the Regulations on the Administration of Settlement, Sale and Payment of Foreign Exchange to Bank of China; China Bank Inspection Power of Attorney and related documents. The amount of forward settlement and sale of foreign exchange entrusted by customers shall not exceed the estimated amount of foreign exchange receipt and payment, and the transaction period shall be consistent with the actual period of foreign exchange receipt and payment.

4. The transaction has ended. After the Bank of China confirms that the client's entrustment is valid, the client pays the corresponding deposit or deducts the corresponding credit line; After the transaction is completed, Bank of China will issue a "Confirmation Letter of Forward Settlement and Sale of Foreign Exchange" to customers.

5. Due date review and delivery. On the maturity date, Bank of China shall examine the valid vouchers and/or commercial documents submitted by customers according to the relevant provisions on the management of foreign exchange settlement, sale and payment, and handle the delivery with customers.

6. expand. Customers who fail to deliver the goods on time for reasonable reasons can apply for an extension.

7. breach of contract. If the customer fails to fully perform the contract, the bank has the right to voluntarily liquidate the unpaid transactions after the final delivery date.