The customer deposits a deposit (which needs to be frozen at the same time) and sells an ordinary European foreign exchange option product to the bank according to his own judgment. At the same time, the branch shall freeze the customer's corresponding margin, in which the freezing period shall not be shorter than the option period, the margin amount shall be equal to the option face value, and the margin currency shall be the same as the option call currency. In addition to deposit interest, customers can also get option fees. When the option expires, if the exchange rate change is unfavorable to the bank, the bank will not exercise the option and unfreeze its deposit at the same time; If the exchange rate changes are beneficial to the bank, the bank will exercise the option to convert the customer's deposit principal into the corresponding linked currency at the agreed exchange rate. The currency of foreign exchange option fee is the same as the customer's deposit currency.

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.

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