Services

Agency FX Transaction is an intermediary service that the bank takes advantage of its transaction network to convert, at the instructions of the client, its FX deposit among currencies and terms for the client. It will help the client to manage his FX assets, optimize the assets structure, avoid FX risks and maximize the interest.

You'll find agency services of spot FX transaction, forward FX transaction and swap:

Agency Spot/Forward FX Transaction: to buy or sell on behalf of the client spot/forward FX at the client's order and charge a certain percentage of commission for the service rendered.

Agency Swap Transaction: Swap here refer to interest swap, that is, the bank buy in and sell out simultaneously FX of same currency, equal amount, but of different terms to take advantage of the interest margin or avoid FX risk. Also, it is a fee-based service.

Features

•  Lock up the FX risk to reduce uncertainty of future interest.

•  Attain higher interest.

•  Win better return by taking advantage of FX spread.

Handling

Clients that possess FX deposit or make international settlement and maitain RMB deposit accounts with the bank can apply for the agency FX transaction service to protect their FX deposit or international trade against the influence of the fluctuation of foreign currency exchange rates.

A certain amount of premium is required as guarantee.