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Purchase and Sale of Spot Foreign Exchange


 

Introduction

This type of transactions covers both spot foreign exchange purchase and spot foreign exchange sale. Spot foreign exchange purchase means that designated foreign exchange banks buy foreign exchange from enterprises and institutions or individuals at exchange rates in purchase and sale of foreign exchange markets on the very day, and pay corresponding RMB. Spot foreign exchange sale means that designated foreign exchange banks sell foreign exchange to enterprises and institutions or individuals at exchange rates in purchase and sale of foreign exchange markets on the very day, and charge corresponding RMB.

Features

Such products are able to lock up current foreign exchange costs, preserve value while mitigating corresponding risk, and meet customers' foreign exchange needs.

Target Customers

Domestic institutions as well as other customers approved by State Administration of Foreign Exchange.

Application Qualifications

When handling purchase and sale of spot foreign exchange transactions, customers are required to comply with corresponding regulations of State Administration of Foreign Exchange on management of foreign exchange purchase and sale transactions.

Our Advantages

As a bank specialized in foreign exchange and foreign trade historically, Bank of China has accumulated rich experiences in handling purchase and sale of spot foreign exchange transactions. Currently, Bank of China takes up about one third of the share of purchase and sale of  foreign exchange transaction market. Bank of China has an advantage in undertaking large-amount transactions.

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