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Should non-working days be excluded from the term of forward settlement and sale of foreign exchange?
Yes Forward settlement and sale of foreign exchange refers to the operation of foreign exchange transactions and settlement between banks and customers at a certain exchange rate on an agreed date in the future. When calculating the term of forward foreign exchange settlement and sale, the influence of non-working days is usually considered, so the term of forward foreign exchange settlement and sale will exclude non-working days, because banks do not conduct foreign exchange settlement and trading on non-working days, and can only conduct foreign exchange transactions and settlement on working days.