Introduction

The spot exchange settlement and sales is the general designation of spot exchange settlement and spot exchange sales. The spot exchange settlement refers to the business of the appointed foreign exchange bank purchasing the foreign exchange from an enterprise, government institute or individual at the spot exchange rate in settlement and sales market on that day and paying corresponding RMB amount. The spot exchange sales refers to the business of the appointed foreign exchange bank selling the foreign exchange to an enterprise, government institute or individual at the spot exchange rate in settlement and sales market on that day and colleting corresponding RMB amount.

Classification

It can be divided into corporate and private (individual) spot exchange settlement and sales based on different subjects.

Characteristics

Lock the current costs, maintain the value, avoid the risk and meet the currency exchange demand of client.