Legal analysis: whether domestic foreign exchange loans can be settled depends on the source of funds. According to the document number 125 and the Measures for the Administration of Foreign Debts of Foreign-funded Banks at Home and Abroad (Order No.9 of the National Development and Reform Commission, People's Bank of China and China Banking Regulatory Commission in 2004) and other laws and regulations, domestic foreign exchange loans other than export bills shall not be settled. According to the Provisions on the Administration of Centralized Foreign Exchange Operation of Multinational Corporations (Huifa [2014] No.36), the funds in the main account of domestic foreign exchange funds and the sub-account of entrusted loans of member companies can be settled. Among them, the funds in the main domestic foreign exchange account can be settled at will.

Legal basis: Measures for the Administration of Domestic Foreign Exchange Loans

Article 1 In order to implement the spirit of the Reply of the State Administration of Foreign Exchange on the Pilot Reform of Foreign Exchange Management Mode of Domestic Foreign Exchange Loans of Chinese-funded Foreign Exchange Designated Banks (Huifu [20065438+0] No.362) and make the pilot work in Beijing smoothly and standardized, these Detailed Rules are formulated in accordance with the relevant foreign exchange management regulations.

Article 2 These Detailed Rules shall apply to all designated Chinese-funded foreign exchange banks in Beijing (hereinafter referred to as "Chinese-funded pilot banks") approved by Beijing Foreign Exchange Administration Department of State Administration of Foreign Exchange (hereinafter referred to as "Beijing Foreign Exchange Administration Department").

Article 3 Domestic foreign exchange loans refer to self-operated foreign exchange loans of registered financial institutions, excluding foreign debt-to-loans.

Article 4 The authorized business scope includes: approved Chinese-funded pilot banks can directly register debtors on a regular basis (banks that have previously registered regularly can continue to do so), and cancel debtors' registration at the Beijing Foreign Exchange Administration Department one by one; Second, Chinese-funded pilot banks can directly open or cancel their own special accounts for domestic foreign exchange loans; Third, all Chinese-funded pilot banks can directly handle the debtor's repayment of the principal and interest of domestic foreign exchange loans due with its own foreign exchange, including borrowing new ones to repay old ones.