Forward foreign exchange transactions refer to foreign exchange transactions in which buyers and sellers make delivery within the agreed time limit according to the agreed exchange rate. The applicant issues instructions to the Bank of China to handle forward foreign exchange transactions, and determines the transaction details through written entrustment. After the transaction is completed, China Bank will issue a transaction confirmation, and the payment will be realized on the delivery date (a certain period after the second working day after the transaction date). According to the needs, banks can be required to balance transactions during the trading period or extend transactions before the maturity date.

Foreign exchange interest rate swap, also known as interest rate swap, refers to the debtor's operation of converting his own floating interest rate debt into fixed interest rate debt or converting fixed interest rate debt into floating interest rate debt according to the interest rate trend of the international capital market. The bidding customer sends a foreign exchange interest rate swap instruction to the Bank of China, and determines the transaction details in the form of application. After the transaction is completed, the bank will issue a transaction confirmation to the applicant, and the interest will be calculated from the value date. On the interest swap date, the exchange will be carried out according to the agreed interest rate conditions to realize the receipt and payment. According to the needs, you can apply to the bank for a flat or restructuring transaction during the transaction.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

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