|
According to the needs of the clients, ICBC uses financial derivative
instruments and creates various investment instruments to meet the
needs of the clients for increasing the returns on the foreign exchange
funds.
1. Main Financing Products
¡ñ Currency Linked
¡ñ Interest Rate Linked
¡ñ Commodity Linked
¡ñ Credit Linked
2. Foreign Exchange Fund Trading Procedures
¡ñ The client needs to sign a Financial Derivative Product Master
Agreement with the bank.
¡ñ The client needs to have sufficient foreign exchange deposit
at the bank or provide other performance guarantees acceptable by
the bank.
¡ñ The bank discloses the foreign exchange trading risks to the
client.
¡ñ The client completes a letter of authorizations on foreign exchange
fund trading and deliver it to the dealers.
¡ñ The bank finishes the transaction, and separately produces a
letter of confirmation on main contents and terms of the transaction
to be signed and verified by the client.
|
