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Foreign Exchange Business

Foreign Exchange Margin Deposit

  Introduction

  Foreign exchange margin deposit is the foreign exchange deposit under import letter of credit or L/C remitted from foreign countries.

  Function

  It can secure the foreign exchange fund while gaining interest income.

  Target Clients

  Corporate and institutional customers.

  Business Operation

  1) The margin deposit account should be earmarked

  2) The margin should be matched to certain L/C

  3) The margin deposit should bear interest according to the demand deposit interest rate on the withdrawal day