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Corporate Foreign Exchange Time Deposit

Overview

The Corporate Foreign Exchange Time deposit is a fixed-term foreign exchange ("forex") deposit with ABC by domestic entities or foreign institutions in China, with principal and interest to be withdrawn in a lump sum upon expiration.

Deposit terms available for Corporate Foreign Exchange Time Deposit include one month, three months, six months, one year and two years.

Features

Relatively stable return

More interest income than demand deposit

Appreciation of forex funds

Procedures

Opening an account: The customer provides account application, original of business license and specimen seal. ABC will issue "Certificate of Corporate Time Deposit Account" after receiving the money.

Withdrawal: When the deposit becomes due, the customer presents the foregoing certificate and specimen seal. Upon review and verification, ABC performs withdrawal procedure and finally returns that foregoing certificate to the customer.
Note: Please contact your local branch for detailed information about the service.

Customer Service Center : 95599

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