Customers should follow the principle of necessity in handling RMB-to-foreign exchange option business and abide by the relevant provisions of the State Administration of Foreign Exchange on foreign exchange settlement and sale business. It basically meets the application conditions for handling forward foreign exchange settlement and sale business.

1. Customers can buy foreign exchange call or put options business or RMB-to-foreign exchange options portfolio business, but it is not allowed to sell options separately for the time being, except for the reverse liquidation of the options.

2. When exercising, the customer shall pay the principal of the option contract in full at the agreed exercise price, and in principle, the price difference shall not be paid. Customers can buy foreign exchange put options with their deposits in the current account foreign exchange account of the opening bank, and can make full delivery or differential delivery. However, if the customer withdraws the margin before the option expires, he must reverse the liquidation of the option contract with the corresponding amount.

If the cash flow of the customer's foreign exchange receipts and payments partially disappears due to the change of the basic commercial contract, the bank may partially exercise the principal of the customer's option contracts after providing the certificate of change and the letter of commitment and confirming it by the bank.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GO APP to handle related business.