Generally speaking, this is a loose measure for poor foreign debts that are about to expire but cannot be repaid. Exempted account refers to an account exempted from international loans from other countries. Bank loan exemption means that the loan will not be repaid after the loan. Without the approval of the People's Bank of China, no one may waive the loan, and no unit or individual may force the lender to waive the loan except with the approval of the People's Bank of China.

Function of bank card

As a currency enterprise, banks are an important part of financial institutions, which is conducive to the financing and circulation of social capital. Banks are intermediaries between lenders and depositors. By absorbing deposits, banks gather idle monetary assets and small monetary savings in society and lend them to people in need by means of loans. Banks can be used as payment intermediaries, and banks handle related collection, payment and settlement for commodity producers and businessmen.