Foreign exchange spot deal means that two parties enter into deals at the spot exchange rate of foreign exchange markets on the very day and complete corresponding foreign exchange deliveries on the second working day following the transaction date (T + 2).

• Reissue the L/G under the counter L/G.

• Customers entrust the bank with buying one currency and selling another, to achieve the conversion between different foreign currencies.
• This product implements a direct quotation, which is closer to market price levels and will reduce transaction costs for customers.

• Enquiry: the applicant shall determine the detail of foreign exchange spot deal through entrusting in a written form, and make enquiries to Bank of China accordingly.
• Transaction conclusion: after concluding the transaction, Bank of China will deliver the transaction confirmation to the applicant in written form.
• Settlement: the actual settlement shall take place on the settlement date.

• Customers of the bank: Both valid identity documents and signature

• If it happens that the value date is either on non-working day public holiday, then it will be postponed accordingly.
• If requested by customers, Bank of China can conclude foreign exchange transaction with corresponding value dates effective on the very day or to be effective from the following day.