1. Bank settlement and sale of foreign exchange refers to the settlement and sale of foreign exchange handled by banks for customers and themselves, including the performance of forward settlement and sale of foreign exchange and the exercise data of options, excluding the transaction data of inter-bank foreign exchange market. The statistical time of bank settlement and sale of foreign exchange is when RMB is exchanged with foreign exchange.
Among them, foreign exchange settlement refers to the sale of foreign exchange by foreign exchange owners to designated foreign exchange banks, and foreign exchange sale refers to the sale of foreign exchange by designated foreign exchange banks to foreign exchange users. The difference between settlement and sale of foreign exchange is the difference between settlement and sale of foreign exchange.
The difference between the settlement and sale of foreign exchange banks will be traded in the inter-bank foreign exchange market through banks, which is a major source of changes in China's foreign exchange reserves, but it does not mean the increase or decrease of foreign exchange reserves.
2. China's foreign exchange market is divided into two levels:
The first level is the retail market between customers and designated foreign exchange banks, also known as the bank settlement and sale market;
The second level is the inter-bank market where banks buy and sell foreign exchange, also known as the inter-bank foreign exchange market, including transactions between banks and between designated foreign exchange banks and the central bank.
Bank settlement and sale of foreign exchange market is China's foreign exchange retail market. Under the system of foreign exchange settlement and sale, the bank handling foreign exchange settlement and sale business is the designated foreign exchange bank. Designated foreign exchange banks shall, according to the benchmark exchange rate published by the People's Bank of China, determine the exchange rate within the prescribed scope, and handle foreign exchange settlement and sale business for enterprises and individuals.
3. Trading limit refers to the commodity trading limit of the number of futures contracts that everyone can buy and sell every day in the futures market.
According to the credit status of the cardholder, the issuing bank gives the cardholder the transaction limit of each credit card used. Business exceeding the trading limit must be authorized by the issuing bank and accepted by special merchants and business institutions. The trading limit of specialized banks is stipulated according to different trading types and cards. In a sense, the transaction limit is actually the authorized limit of a special merchant or commercial organization, that is, credit card transactions exceed the authorized limit and must be consulted for authorization.