Product Definition  

　　The forward foreign exchange settlement and sales service refers to an agreement between Harbin Bank and the customer, formalized through a forward foreign exchange contract. This contract outlines the currency, amount, exchange rate, and term for a future foreign exchange settlement or sale on a specified date. On the settlement date, the transaction is executed based on the predetermined currency, amount, term, and exchange rate specified in the contract.

　　Product Features

　　1. Product Functions

　　The forward foreign exchange settlement and sales service enables clients to secure the exchange rate between foreign currencies and RMB for future transactions, thereby offering value preservation and risk mitigation. All transactions must adhere to national foreign exchange regulatory policies and be grounded in a legitimate economic background.

　　2. Transaction Currencies

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

　　3. Transaction Period

　　Clients can handle both standard and non-standard forward foreign exchange settlement and sales business. Standard periods include 7 days, 20 days, 1 month, 2 months, 3 months, 4 months, 5 months, 6 months, 7 months, 8 months, 9 months, 10 months, 11 months, and 12 months. Non-standard periods can be chosen according to client needs. For requests exceeding one year, whether to handle the request will be assessed based on specific circumstances. 

　　Clients can also handle foreign exchange settlement and sales service with a selectable date, where, between the start date and the expiry date, clients can choose any working day to handle the foreign exchange settlement and sales according to the agreed currency, amount, and exchange rate.

　　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: To handle forward foreign exchange settlement and sales business, you need to open corresponding foreign exchange and RMB accounts at Harbin Bank.

　　2. Authorization review. A master agreement must be executed with Harbin Bank. Unless otherwise specified, a written trading commission is required for each transaction. The transaction will be reviewed to ensure compliance with national foreign exchange administration regulations and Harbin Bank's risk management policies. Additionally, corresponding transaction guarantees must be provided. If the transaction meets the bank's risk management criteria, credit facilities may be utilized.

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

　　4. Settlement. On the settlement date, the settlement process is completed with Harbin Bank in accordance with the terms outlined in the transaction confirmation, and the required documentation is submitted in compliance with national foreign exchange management regulations. In cases where an extension is requested or default is anticipated, the customer assumes responsibility for any resulting gains or losses.