Forward settlement and sale of foreign exchange business refers to the agreement signed between the customer and the bank to stipulate the foreign exchange currency, amount, term and implementation exchange rate for future settlement and sale of foreign exchange, and the settlement and sale of foreign exchange business shall be carried out according to the currency, amount and exchange rate agreed in the agreement when it expires.

CCB's forward settlement and sale of foreign exchange includes RMB forward transactions in nine freely convertible currencies that CCB can settle overseas.

There are 65,438+04 fixed-term and optional transactions, with terms ranging from 7 days, 20 days, 65,438+0 months to 65,438+02 months. Plus deferred transactions, the longest term of forward foreign exchange settlement and sale transactions can reach 2 years.