1. The comprehensive position of bank foreign exchange settlement and sale shall be managed according to the following principles.

2. Unified examination and approval by legal persons. Bank positions shall be uniformly examined and approved in accordance with the principle of legal person supervision, and shall not be examined and approved separately by bank branches (except foreign bank branches).

3. Limit management. The comprehensive position of bank settlement and sale of foreign exchange shall be subject to positive and negative interval limit management.

4. The foreign exchange bureau shall, in accordance with the following provisions, verify and adjust the position limit of bank settlement and sale of foreign exchange.

meaning

(1) Banks refer to commercial banks, urban credit cooperatives, rural credit cooperatives and other financial institutions and policy banks established in People's Republic of China (PRC) according to law.

(2) Settlement and sale of foreign exchange business refers to the exchange business between RMB and foreign exchange handled by banks for customers or for their own business activities, including spot settlement and sale of foreign exchange business and RMB and foreign exchange derivatives business.

(3) Spot settlement and sale of foreign exchange means settlement and sale of foreign exchange within two working days after the transaction is concluded, and the settlement price is the exchange rate on the day of the transaction.

Refer to the above content: Baidu Encyclopedia-Comprehensive position of foreign exchange settlement and sale