Spot Foreign Exchange Purchase and Sale
The Spot Foreign Exchange (forex) Purchase means ABC buys foreign exchange currency from a customer for its equivalent value in RMB at the exchange rate applicable on the transaction day. Spot foreign exchange sale means ABC sells foreign exchange currency to a customer for its equivalent in RMB at the exchange rate applicable on the transaction day.
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Forward Foreign Exchange Purchase and Sale
The Forward Foreign Exchange Purchase and Sale is a transaction where ABC and a customer enter into a Forward Foreign Exchange Purchase and Sale agreement under which the transaction is settled in the agreed foreign currency, amount and exchange rate on a specified date or during a specified period in the future.
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Spot Foreign Exchange Trading
The Spot Foreign Exchange Transaction is a service where ABC purchases or sells forex on behalf of our non-individual customers at spot market prices to meet their demands for payment and value growth.
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Forward Foreign Exchange Transaction
The Forward Foreign Exchange Transaction is a transaction for which ABC enters into an agreement with its customer to settle foreign exchange sale or purchase at agreed exchange rate and in an agreed amount on a specified future date.
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Ultra Forward Foreign Exchange Trading
The Ultra Forward Foreign Exchange Trading refers to forward foreign exchange trading with a delivery term exceeding one year with a minimum trading value per single transaction of USD 1 million or the equivalent.
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Foreign Exchange Forward Interest Rate Agreement
The Forward Interest Rate Agreement is such an agreement that the parties agree to buy or lend a certain amount of nominal principal with the agreed interest rate during a specified period commencing from a future time. It determines the interest rate for the said period of time.
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Foreign Exchange Interest Rate Swap
The Foreign Exchange Interest Rate Swap is an agreement between two parties who exchange interest payments at different interest rates based on a nominal principal amount over an agreed period of time.
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Currency Swap
The Currency Swap is an agreement under which ABC and customers exchange interest payment on equal principal amounts denominated in two different currencies.
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Foreign Exchange Option Trading
The option provides the buyer with the right, but not the obligation, to buy or sell a specific amount of underlying object, at a specified rate (the exercise price), during a specified period.
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Interest Rate Option Trading
The option provides the buyer with the right, but not the obligation, to buy or sell a given amount of underlying object at a specified rate (the exercise price) during a specified period.
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Credit Option Trading
The option provides the buyer with the right, but not the obligation, to buy or sell a given amount of underlying object at a specified rate (the exercise price) during a specified period. The buyer needs to pay a premium to the seller, and the seller is obliged to exercise the option.
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