Corporate Foreign Currency Time Deposit is a deposit where a corporate client agrees on a fixed term with the bank when depositing foreign currency. Upon maturity, Bank of China pays interest at the rate agreed upon on the deposit date. The currencies include US dollar, Hong Kong dollar, Japanese yen, British pounds, Swiss franc, Australian dollar, Canadian dollar, euros, and Singapore dollar.

Small-amount corporate foreign currency time deposit should have a minimal amount greater than the equivalent of 10,000 yuan ($1.41 thousand) and less than the equivalent of $3 million. The deposit terms are one month, three months, six months, one year and two years.

Large-amount corporate foreign currency deposit should have a minimal amount equal to or greater than the equivalent of $3 million. The deposit terms are seven days, 14 days, one month, two months, three months, six months, one year and two years.

The amount standards for small- and large-amount corporate foreign currency time deposits are subject to change based on announcements by regulatory agencies or the bank.

During the agreed term, the full amount of deposit or part of it can be withdrawn earlier, but only once.

Small-amount corporate foreign currency time deposits follow the deposit rates published by Bank of China, or BOC, for the corresponding categories. For large-amount deposits, please consult your local BOC branch.

Withdrawal at Maturity: Interest is calculated based on the principal amount, the term, and the interest rate agreed upon on the deposit date. Interest is settled with the principal. If there is an interest rate adjustment during the term, interest is not calculated in segments.

Full-Amount Early Withdrawal: Interest is calculated based on the principal amount, the actual number of days the deposit was held, and the demand deposit interest rate published by BOC on the withdrawal date. Interest is settled with the principal.

Partial Early Withdrawal: Interest is calculated based on the principal amount of the withdrawal portion, the actual number of days the deposit was held, and the demand deposit interest rate published by BOC on the withdrawal date. Interest is settled with the principal. If the remaining balance is below the minimal deposit amount, the bank will automatically settle the balance and calculate interest at the demand deposit interest rate published by BOC on the withdrawal date.

Overdue Withdrawal: The overdue portion of the principal earns interest at the bank's demand deposit interest rate.

For details on procedures and important notes, please refer to the BOC official website (Chinese version) or consult the local BOC branch.