Bank of China Shanghai Duanbao is a RMB option portfolio product, which refers to the combination of options for customers to reverse the foreign exchange put risk with Bank of China according to the actual foreign exchange settlement demand in the future, that is, to buy a foreign exchange put option with a lower exercise price and sell a foreign exchange call option with a higher exercise price, with the same currency, option and contract principal; You can also make a combination of foreign exchange call risk reversal options with Bank of China, that is, buy a foreign exchange call option with a higher exercise price and sell a foreign exchange put option with a lower exercise price, with the same currency, option and contract principal. At present, the option fee of this business is zero, which can lock the exchange price in a fixed range.

Long-term settlement and sale of foreign exchange portfolio products, worry-free guarantee. You don't have to pay the option fee to make this combination product. The best price can be obtained while locking in the worst price of customers' settlement and sale of foreign exchange; In addition, there is no need to lock the maximum expected loss of the portfolio product in advance during the duration of the transaction, so as to determine the credit line occupied or collect the deposit. During the duration of the transaction, there is no need to dynamically add margin.

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

If in doubt, please consult the online customer service of China Bank or download and use the mobile banking APP of China Bank to handle related business.