Foreign Exchange Deposit
ForeignExchangeDeposits What is a forex discount brokers forexbonusrebate deposit Foreign exchange deposit, also known as "foreign currency deposit", refers to various forexrebatesbrokers cashback forex bank accounts expressed in convertible currencies. Checks forexdiscountbrokers other credit instruments, and the customer has a regular or irregular repayment obligations of the fiduciary behavior, that is, the depositor incurred a debt; and from the banks customer, is to foreign currency cash, foreign currency bills of exchange or checks and other credit instruments deposited in the bank, and can be regularly or irregularly to the bank to recover the credit behavior, that is, to the bank to obtain foreign exchange claims Open foreign exchange deposit business, is Chinas foreign exchange designated banks (hereinafter referred to as deposit Bank) to raise foreign exchange funds and expand the sources of foreign exchange funds of the important channel, but also it is the operation of a basic business and foreign exchange funds deposited in the bank, is the enterprise and individual use of foreign exchange funds and obtain interest income a way, but also enterprises engaged in other foreign exchange business to take a basic means of foreign exchange deposit classification From the deposit bank, its absorption of the foreign exchange deposits can be classified from different (a) unit foreign exchange deposits and individual foreign exchange deposits From the account opening object, it can be divided into unit foreign exchange deposits, individual foreign exchange deposits 1, unit foreign exchange deposits refers to the foreign exchange deposits deposited in our foreign exchange designated banks by the institutions, organizations, enterprises (including foreign institutions and foreign-invested enterprises in China) and foreign and Chinese enterprises and organizations outside of China 2、Personal foreign exchange deposits refer to the foreign currency (foreign currency and foreign notes) deposited by residents (including Chinese residents and foreigners in China, overseas Chinese, compatriots in Hong Kong, Macao and Taiwan) and personnel sent abroad, in Hong Kong, Macao and Taiwan for study, work, further training, scientific research, lectures and other individuals (such as foreigners living abroad or in Hong Kong, Macao and Taiwan, overseas Chinese and compatriots in Hong Kong, Macao and Taiwan) in our designated foreign exchange banks. At present, according to the different requirements of deposit management, the Bank of China classifies the above-mentioned unit and individual foreign exchange deposits into foreign currency deposits of type A, foreign currency deposits of type B, foreign currency deposits of type C and foreign debt special account deposits of type A and foreign debt special account deposits are mainly unit foreign exchange deposits, foreign currency deposits of type B and foreign currency deposits of type C are mainly individual foreign exchange deposits. Banks do not classify foreign exchange deposits according to the classification standards of the Bank of China, i.e., they are generally classified into two categories: unit foreign exchange deposits and individual foreign exchange deposits (savings deposits) according to the object of account opening (2) Domestic interbank foreign exchange deposits and foreign interbank foreign exchange deposits For interbank foreign exchange deposits, they can be classified into domestic interbank foreign exchange deposits and foreign interbank foreign exchange deposits according to the location of the deposit object 1. Foreign exchange deposits refer to the foreign exchange deposits of domestic financial institutions in the same industry, such as the foreign exchange deposits in the foreign exchange deposit accounts opened by non-bank financial institutions in the Bank of China. 2. Foreign interbank foreign exchange deposits refer to the foreign currency deposits in RMB or other convertible currencies deposited by foreign banks (including Chinese banks in foreign countries, Hong Kong and Macao) in the designated foreign exchange banks in China At present, in addition to foreign currency deposits in RMB, such deposits mainly include US dollar deposits and sterling deposits. At present, in addition to foreign exchange RMB deposits, there are mainly USD deposits and GBP deposits, etc. USD deposits and overdrafts of banks of other countries in our foreign exchange designated banks are subject to interest calculation; deposits in foreign exchange RMB accounts are not subject to interest, overdrafts are subject to interest; GBP deposits and overdrafts are subject to interest. Foreign exchange deposits from the deposit period to be divided, can be divided into time foreign exchange deposits and demand foreign exchange deposits 1, time foreign exchange deposits refers to the deposit bank and the customer agreed to a fixed period of time can be withdrawn from the foreign exchange deposits at present, time foreign exchange deposits are mainly to take the whole deposit mode, foreign exchange deposited in the bank, by the bank according to the amount of deposits to develop a registered type of deposit slip to the unit or individual, the unit or individual must be based on The unit or individual has to withdraw the deposit according to the different deposit periods agreed at the time of deposit (at present, there are mainly four files of 3 months, half a year, 1 year or 2 years, and the deposit can be renewed at maturity; the time deposit of the Bank of China for foreign-invested enterprises and domestic financial institutions is divided into six files of 7 days notice, 1 month, 3 months, 6 months, 1 year and 2 years), with the deposit slip at maturity. 2. Demand foreign exchange deposits are divided into checking account deposits and passbook account deposits according to the different access methods For example, foreign trade enterprises open import deposit accounts in banks due to the need of import agents and enterprises borrow foreign debts and open special accounts in banks for foreign debts, etc., which belong to this type of checking account deposits; passbook deposits are deposited and withdrawn by passbook and deposit vouchers, such as personal demand foreign exchange deposits, which belong to this type of passbook account Deposits (4) Foreign currency deposits and foreign exchange deposits From the different forms of funds deposited, it can be divided into foreign currency deposits and foreign exchange deposits Foreign currency deposits, that is, deposits of foreign currency notes, such deposits, customers can generally withdraw foreign currency notes at any time, but only after 3 months of deposit, the deposit bank can be entrusted to remit foreign currency deposits according to the needs and through the procedures of approval and purchase and sale of banknotes can be entrusted to the deposit at any time Banks according to the relevant provisions directly to remit, unit foreign exchange deposits are generally foreign exchange account deposits, and individual foreign exchange deposits are foreign exchange account deposits and foreign currency account deposits the difference between foreign exchange deposits types of currency according to Chinas foreign exchange management regulations, units and individuals hold in U.S. dollars, British pounds, German marks, Japanese yen, Hong Kong dollars, French francs and other six freely convertible currencies expressed in foreign currency (including cash), can According to the provisions of the direct foreign exchange account deposits or foreign currency account deposits, such as foreign exchange held in Canadian dollars, Dutch guilders, Swiss francs, Belgian francs and other four currencies expressed in foreign currency (excluding cash, the four currencies of the cash can be converted into one of the above six currencies according to the RMB exchange rate announced by the State Administration of Foreign Exchange on the date of deposit to open a foreign currency account), units or individuals take the initiative to request, can be deposited in the foreign exchange account, temporarily not for foreign currency account In addition, units holding foreign exchange certificates or foreign exchange RMB due to business needs may open foreign exchange certificate accounts or foreign exchange RMB accounts in designated foreign exchange banks after approval by the foreign exchange administration. At present, our country operates foreign exchange deposit business of foreign exchange designated banks, in the process of paying interest on deposits, generally according to the following provisions: 1, units and individuals in the banks foreign exchange deposits, in addition to international organizations to give assistance and donations and administrative funds allocated by the state treasury department such as foreign exchange deposits and other units in addition to the domestic institutions, organizations, enterprises and other units of demand foreign exchange deposits checking account does not 2, the basic formula for calculating interest is: interest = principal x deposit period x interest rate where the principal is the principal part of the deposit account expressed in the allowed currency deposit period refers to the time of deposit, regardless of the month big, small, leap year, flat year, each month is calculated by 30 days (the 31st and 30th of the big month is considered the same day), a year is calculated by 360 days. In addition, when calculating interest, the number of days of deposit is always counted, that is, from the date of deposit to the day before the date of withdrawal, without interest on the date of withdrawal Interest rate is the ratio of interest to principal, divided into annual interest rate, monthly interest rate and daily interest rate Chinas foreign currency deposit interest rate is published in the annual interest rate 3, foreign exchange certificates in the foreign exchange account demand deposit, according to the RMB demand deposit interest 4, time deposits Interest is calculated according to the interest rate set at the time of deposit, such as early withdrawal, interest is calculated according to the interest rate of the demand deposit on the date of withdrawal, such as late withdrawal, the overdue portion of interest is calculated according to the interest rate of the demand deposit. " (or a currency unit similar to "yuan", such as Deutsche Mark, Swiss franc, etc.) as the starting unit of interest, the interest is not calculated to the cent below the yuan, rounded to the nearest cent 7. In addition, the foreign exchange deposit of Bank of China also adopts the way of fixed and live, and the maturity date is not specified when opening the account. If the actual number of days of deposit reaches the corresponding grade of time deposit, it will be treated as the grade of time deposit, and interest will be calculated at 10% discount of the interest rate of the grade.
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