Opening a new account in the foreign exchange market means buying or exchanging one currency for another. For example, if you start a transaction order for converting US dollars into Swiss francs, the customer can exchange 10000 US dollars into the corresponding Swiss francs. At the same time when this report is completed, 10000 dollars can be exchanged for about 1 1400 francs. As a rule, the customer does not have this amount (the contract is based on the exchange rate of 1: 100), so first of all, this amount becomes a debt accordingly. When a customer opens a new account, the data shows that it needs 1 1400 francs. In order to get this amount, it is necessary to withdraw 10000 USD from the customer's account. In other words, if the customer obtains Swiss francs through a loan, the loan is a paid service. The customer must pay the corresponding interest, and the customer's dollar account will get the profit from it. It is precisely because we can't predict in advance how long the customer will choose the operation process, so we choose to explain this problem with the shortest loan time and completely free delivery means. Usually, the interest users need to pay is based on the midnight distribution exchange rate, LIBOR is the loan exchange rate, and LIBID is the free trade exchange rate. According to this calculation method, when the customer signs the agreement, the annual LIBOR of the franc is 0.58% and the LIBOR of the US dollar is 2. 18%. Because customers adopt the free trade allocation mode of US dollars, the US dollars they get are far greater than the interest used to pay for the purchase of francs.

According to the regulations, all settlement business will be calculated on a daily basis, that is, from the day of circulation to the next day, from the next morning (6: 00 Beijing time) to the third day, from the third day to Thursday, until the rest day. Therefore, if our deadline is from Wednesday morning to Thursday, then the settlement days are three days, and the expenses or liquidation are calculated in three working days. There is no settlement business on rest days (Friday morning to Saturday, Saturday morning to Sunday).