What is the cashback forex and sale of forex discount brokers forexbonusrebate forexdiscountbrokersettlement and sale of foreign exchange refers to the enterprise foreign exchange income are to the exchange rate of the day to the foreign exchange designated forexrebatesbrokers settlement, by the bank to the RMB enterprises need foreign exchange, then hold a valid certificate directly to the foreign exchange designated bank to buy foreign exchange foreign exchange designated bank is approved by the State Administration of Foreign Exchange to operate settlement and sale of foreign exchange business banks to buy foreign exchange, called the "settlement of foreign exchange ", the bank sells foreign exchange, called the "sale of foreign exchange" from the current reality in China, the bank settlement market constitutes the basis of the spot foreign exchange market, and the current bank settlement system basically belongs to a forced settlement system settlement and sale of foreign exchange calculation method Now the export settlement for example, as follows : An export company sold a batch of goods to a company in New York, the value of 50,000 U.S. dollars after the shipment of goods, the export company with a spot letter of credit and a full set of freight documents to the Bank of China for negotiated settlement of the day the ratio of the U.S. dollar to RMB is: 100 U.S. dollars = 827.27 / 827.57 yuan, bank charges for 0.15%, the annual interest rate of 8%, round-trip postage according to 15 days to deduct interest. The export companys actual balance of RMB 411635.73 yuan The specific calculation is as follows: (1) bank charges are: 50,000 × 0.15% = 75 (U.S. dollars) (2) bank interest deducted for 15 days is: 50,000 × 8% ÷ 360 × 15 = 166.67 (U.S. dollars) (3) the export companys actual U.S. dollars are: 50,000 - 75 - 166.67 = 49758 (U.S. dollars) -166.67 = 49758.33 (U.S. dollars) (4) the export company according to the purchase price of the day the U.S. dollar will be 49758.33 U.S. dollars sold to the Bank of China after the actual amount of RMB: 49758.33 × 8.2727 = 411635.74 (RMB yuan)