Import and Export Forward Lock Exchange
What is the forward exchange hedging?
Forward exchange hedging refers to the lock of client’s profit in advance, and the reduction of loss arising from change of exchange rate by specifying the foreign currency, amount, exchange rate and delivery date in future exchange settlement and sale.
1. Product advantages:
① Lock profits in advance to avoid any loss due to exchange rate fluctuations;
② Low-threshold hedging: The minimum amount is only USD 50,000 (the locked exchange amount is integer multiples of 10,000);
③ Without any service charge
2. Guarantee: Bank guarantee=Locked exchange * Forward lock exchange rate * 5%;
3. Other provisions:
① To apply for forward exchange hedging, “optional delivery” is the only choice, which means the delivery within a given period;
② A receipt or payment of exchange cannot correspond to two lock exchange agreements, in principle no partial delivery is allowed, in other words, a single lock exchange must be delivered in one time.
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