Product Definition

　　In addition to managing the standard T+0 foreign exchange settlement and sales transactions, you have the option to negotiate with Harbin Bank to secure an exchange rate in advance. Subsequently, you can complete the settlement or sale of foreign exchange based on the agreed terms within 1 or 2 working days following the agreed transaction date, when the foreign exchange income or expenditure takes place.

　　Product Features

　　1. Product Functions

　　Hedging Against Exchange Rate Risk: T+1/T+2 foreign exchange settlement and sales products can secure an exchange rate in advance, thereby protecting your trade profits from the impact of exchange rate fluctuations.

　　Reduce Exchange Costs: T+1/T+2 foreign exchange settlement and sales product can reduce transaction counterparties' exchange costs, benefiting contract negotiation and transaction completion.

　　2. Transaction Currencies

　　USD, HKD, EUR, JPY, RUB, and other currencies.

　　3. Transaction Period

　　The settlement date for spot foreign exchange settlement and sales settlement and sales (T+1/T+2) is within 2 working days after the transaction day.

　　4. Client Scope

　　Domestic institutions that are eligible to conduct foreign exchange settlement and sales business in accordance with the national foreign exchange administration policies.

　　Processing Procedure

　　1. Account Opening: You need to open corresponding foreign exchange and RMB accounts at Harbin Bank.

　　2. Authorization Review: Unless otherwise specified, you are required to submit a foreign exchange settlement or sale authorization letter to Harbin Bank and provide the necessary margin. The transaction will be reviewed to ensure compliance with national foreign exchange administration regulations and Harbin Bank's risk management policies.

　　3. Transaction Processing: Upon the successful completion of a transaction, Harbin Bank will issue a transaction confirmation letter.

　　4. Settlement: On the expiry date, you are required to settle the funds with Harbin Bank in accordance with the terms specified in the transaction letter.