Product Definition  

　　RMB foreign exchange swap refers to the agreement between Harbin Bank and the customer to conduct two exchange transactions involving the same amount of foreign currency and RMB with different settlement dates and opposite directions. The transaction with the earlier settlement date is called the near-end transaction, and the one with the later settlement date is called the far-end transaction.  

　　Product Features  

　　1. Product Functions  

　　RMB foreign exchange swaps can be employed as a hedging instrument to mitigate the impact of exchange rate fluctuations on trade profits, thereby serving as a means of value preservation and risk management. 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, GBP, AUD, CAD, RUB and other currencies.

　　3. Transaction Period

　　Clients can handle RMB foreign exchange swap transactions with standard terms or non-standard terms. Standard terms are divided into 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, 12 months, etc. Non-standard term transactions can be arranged according to customer requirements. For terms exceeding 1 year, feasibility will be determined based on the situation.  

　　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 must open a corresponding foreign exchange and RMB account with 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, you finalize the settlement with Harbin Bank in accordance with the terms outlined in the transaction confirmation and submit the necessary documentation as required by national foreign exchange regulations. Should you request an extension or anticipate a default, you will be held accountable for any associated gains or losses.