Name
Foreign exchange trading
Introduction
Wai Hui Bao, brief for individual firm offer foreign exchange trading business of Bank of China, refers to that the customers with current all-in-one passbook in RMB and foreign currency in Bank of China or hold cash in foreign currency, can change a foreign currency (exchange) deposit into another currency (exchange) deposit according to the buying/selling prices quoted by Bank of China. Support real-time transaction and commissioned entry order.
With the advantage of frequent fluctuations of foreign exchange rate in the international foreign exchange market, customers can convert the deposit among different deposit currencies and earn certain foreign exchange differences, for the purpose of value maintenance and profit earning.
Trading Currency: Direct and cross transactions can be carried out on USD, EUR, GBP, AUD, HKD, CHF, JPY, CAD, and SGD.
The transactions are varied, including counter transactions, telephone transactions, self-service terminal transactions and online transactions.
Our Advantages
Enhance earnings: While obtaining deposit interests, investors can maintain value and even get additional earning of exchange difference by foreign exchange trading.
Transaction methods are varied: The transaction can be carried out via counter service, telephone transaction equipment, etc., at present. With flexible trading methods, you can carry out both trading at market price and agency trading. Reverse transactions can be conducted for many times on that very day, which provides more investment opportunities.
Target Customers
Domestic and foreign individuals with valid identity documents and full capacity for civil conduct, as well as the currency supporting Wai Hui Bao transactions of Bank of China, can conduct the personal firm offer foreign exchange trading.
Process
Customers opening current all-in-one passbook or term all-in-one passbook in Bank of China with their valid identity documents and depositing certain amount of foreign currency of spot exchange or cash, as well as customers holding foreign currency cash, can conduct the transactions in outlets with Wai Hui Bao business of Bank of China.
Customers can open telephone banking services over the counter with valid identity documents and the Great Wall debit card.
Required Documents
Only valid personal identity documents are accepted.
Risk Disclosure
Except for Saturdays, Sundays, market off, other non-trading dates, transactions are carried out on international foreign exchange market for 24 hours a day, investments can be conducted during day and night, with trading hours from 8:00 Monday to 3:00 Saturday (Beijing Time) (except for 3:00-4:00 every morning).
Due to the influence of the international political, economic factors, as well as various unexpected events, there're frequent dramatic fluctuations in exchange rate, therefore, individual firm offer foreign exchange trading contains both risks and opportunities. Since any investment product bears risk features, before making decisions on transaction, investors should understand trading risks, and take into consideration of individual risk tolerance and expected returns.
|
