What are the product advantages of China Bank Company customers who can knock out forward foreign exchange transactions?

Knockable forward foreign exchange trading refers to the signing of forward contracts between buyers and sellers, and one party can buy or sell an agreed amount of currency at a price higher than the normal forward exchange rate on the delivery date. The preconditions for the realization of the above-mentioned forward contract are: both parties set a "knock-out" exchange rate, and if the spot exchange rate of the market never touches the "knock-out" exchange rate before the delivery date, the above-mentioned contract can be fulfilled; Otherwise, the above contract will be cancelled automatically.

2. Product advantages

By combining two foreign exchange options (that is, buying and selling two options at the same time), this product effectively combines the exchange rate level that is better than the agreed price of traditional forward foreign exchange transactions; At the same time, because the cost of buying and selling options offsets each other, it can achieve "zero cost" to customers. It not only meets the exchange needs of customers between different foreign currencies, but also locks in the forward exchange rate, reducing the risks brought by exchange rate fluctuations.

3. Supported currencies

Major convertible foreign currencies

Step 4 apply to customers

It is suitable for customers who need to buy and sell foreign currency in the future, and is used for the settlement of import and export trade of the company and the payment of letter of credit deposit.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

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