Ruyijie

General

It means that a customer may transact RMB-FX trading at different agreed delivery price within agreed delivery line and term after the customer enters into an agreement on forward RMB-FX trading with fixed aggregate amount and fixed term.

Features

1.        Easy operation: For a customer with frequent transaction of RMB-FX trading, this product will provide a package of solutions for fixing the exchange rate of foreign exchange receipts and disbursements, which makes the operation of the customer easier.

2.        Solving time deviation and strengthening flexibility of the customer’s capital: Many customers make frequent transactions on RMB-FX trading and their cash flow dates are not fixed. However, their cash flow of normal operation is relatively regular and the total sum in a certain period may be determined. Therefore the customers need to make settlement whenever the capital becomes payable or purchase foreign currencies at times. This product provides an ideal solution for the time deviation of the customer’s daily foreign exchange receipts and disbursements and endows the customer’s capital with maximum flexibility.

Conditions for application

More than three working days of the bank and within a year; Specific transaction term is subject to the requirements of the customer.

Price of Ruyijie products

The trade price shall be subject to the trade price at each branch of CGB.

Cases

A customer makes transactions of forward settlement of exchange with CGB, the total sum of which is USD 12 million to be delivered in six deliveries with USD 2 million for each delivery. (See the following table for detail.)

No. of delivery

Line of the current delivery

Rate of forward settlement of exchange

Starting date

Closing date

1

USD 2 million

6.8485

20080724

20080824

2

USD 2 million

6.8390

20080825

20080924

3

USD 2 million

6.8315

20080925

20081024

4

USD 2 million

6.8020

20081025

20081126

5

USD 2 million

6.7810

20081127

20081224

6

USD 2 million

6.7640

20081225

20090125

Total: USD 12 million

Note:

1.        The sum for each delivery shall not exceed the line of that delivery and the aggregated unused delivery lines of the prior deliveries.

2.        The customer makes settlement of exchange with CGB at the rate of 6.8485 for the Delivery 1. If the sum of delivery for Delivery 1 does not reach USD 2 million, the balance due will be transferred to Delivery 2 and settled at the rate of 6.8390 with CGB. The maximum delivery line of Delivery 2 is the sum of Delivery 1’s unused line and the line of Delivery 2. For example, if a customer completes a sum of USD 1 million in Delivery 1, the maximum line for Delivery 2 is: (2 million – 1 million) + 2 million = USD 3 million. If the lines for Deliveries 1 and 2 do not reach their respective maximum line, the aggregated balance dues will be transferred to Delivery 3 and settled at the rate of 6.8315 of Delivery 3 with CGB by analogy.

Service Channel

Business Outlets

Kind Reminders

Capital transaction credit line by CGB is required for the transaction of this service. For application of capital transaction credit line, please contact relationship manger of local branch.

Related Financial Instruments

RMB/foreign exchange rate

Inquiry at business outlets