Inter-bank forward foreign exchange transactions refer to RMB-to-foreign exchange transactions that are delivered by both parties at the agreed foreign exchange currency, amount and exchange rate on the agreed future date. According to the Notice of China People's Bank on Accelerating the Development of Foreign Exchange Market (Yinfa [2005] No.202), participants in the inter-bank forward foreign exchange market must be members of China Foreign Exchange Trading Center. Members of policy banks, commercial banks, trust and investment companies, financial leasing companies, finance companies and auto financing companies can participate in inter-bank forward foreign exchange transactions, but they must obtain the qualification of financial derivatives trading issued by the CBRC; Members of other non-bank financial institutions must obtain the approval of their regulatory authorities; Members of non-financial enterprises must be approved by the State Administration of Foreign Exchange. The State Administration of Foreign Exchange shall implement legal person filing management for participants in the inter-bank forward foreign exchange market. Eligible members of the trading center apply to the trading center with the required documents, and the trading center will report to the State Administration of Foreign Exchange for the record after preliminary examination. The State Administration of Foreign Exchange shall record and review the institution in accordance with the procedures stipulated in the Notice.