This type of transactions covers both spot foreign exchange purchase and spot foreign exchange sale. Spot foreign exchange purchase means that SRCB buys foreign exchange from enterprises and institutions at buying rate announced by SRCB, and pay corresponding RMB. Spot foreign exchange sale means that SRCB sells foreign exchange to enterprises and institutions at selling rate of foreign exchange announced by SRCB, and charge corresponding RMB.

Features

Such products are able to lock up current foreign exchange costs, preserve value while mitigating corresponding risk.

Target Customers

Domestic institutions.

Application procedure

1.Apply directly at SRCB outlets

2.SRCB checks whether the application documents comply with corresponding regulations of State Administration of Foreign Exchange on management of foreign exchange purchase and sale transactions.