INTERNATIONAL BUSINESS

 Introduction:

It is business that being entrusted by customers, our Bank shall exchange one foreign currency to another foreign currency based on offer of foreign exchange rate from inter-bank foreign exchange market.

Feature;

i.It help customers to prevent risk of foreign exchange and lower the cost of foreign exchange by business of purchase and sale of foreign exchange;

ii.Agent business of purchase and sale of foreign exchange is divided into spot agent business of purchase and sale of foreign exchange and forward agent business of purchase and sale of foreign exchange. Spot agent business for corporate customers well meets the requirements of receipt and payment of funds, moreover, compared with other foreign exchange methods, it significantly reduces the cost of transactions; in addition, forward agent business helps customers to lock the cost of forward foreign exchange to achieve rate risk control.

Service object:

Domestic institution and individual who comply with regulations of SAFE are qualified to buy and sell foreign exchange.

Business process;

i.Customers shall formally present the application in the form of《Letter of entrustment on foreign exchange》on which currency, amount, requirement on rate and date of delivery shall be specified, and reserved legal seal shall be stamped.

ii.After the examination of per trade background of transaction and authentication of the legal seal, our Bank shall inform customer to prepare enough fund, then delivery shall be made.