ICBC is the largest clearing bank in China, with the most advanced capitalForeign currencyIndustrial and Commercial Bank of China (ICBC) has been able to provide all the capital remittance and internal clearing systems in the worldFreely convertible currencyClearing services.
As a countryDesignated foreign exchange bankICBC can provide agency foreign exchange settlement and sales services for banks without business qualification.The listing issued by ICBC every dayExchange rate14 of themForeign currencyCurrency can be used for foreign exchange settlement and sales.These currencies are: USD, HKD, JPYeuro(EUR), GBP, CHF, CAD, AUD, SGD, DKK, NOK, SEK, MOPNZD（NZD）。Industrial and Commercial Bank of Chinaforeign exchange rateThere are five list prices, namely:Foreign exchange middle rate, Foreign exchangeBuying price(Bankforeign currencySettlement price), foreign exchangeSelling price(Bank spot exchange selling rate), foreign exchangeCash buying rate(bank cash settlement rate), selling rate of foreign exchange cash (bank cash selling rate).
Agency foreign exchange financing
: The main tools of ICBC's agent foreign exchange financing business are all kinds of foreign exchangeStructured deposits, that is, on the basis of ordinary foreign exchange deposits, the final income of deposits is transferred to one or morefinancial products Price performance to provide higher than averageTime depositInterest rate.The financial products linked to the agreement can beexchange rate, interest rate, stockindex, commodities and bonds, etc.
Agency foreign exchange risk
: ICBC's agency foreign exchange risk management business is based on theFinancial management objectives, through the use of various financial instruments, especially various derivative financial instruments and their combinations, to assist banks in understanding the expected income structure anddebt structure Make adjustments to make sure that the future cash inflow matches the currency and term of the future cash outflow, so as to avoid the risk of the domestic and foreign economic environment andexchange rateForeign exchange risk caused by interest rate change, and reasonable controlfinancing cost 。
6、 Features and advantages
ICBC has always regarded the realization of internationalization as one of the strategic objectives of development, and placed the development of international business at the forefront of the development of the whole bank.ICBC's international business has a long history and good reputationCorrespondent bankFinancial support.
Foreign exchange business is one of the important businesses of ICBC, mainly including agency of foreign exchange fund clearing andForeign exchange fund businessEtc.
Foreign exchange business
2、 Product Introduction
Agency fund clearing
Our bank is located overseasAccount BankForeign currency clearing accountSWIFT systemAnd the fund transfer system provides foreign exchange fund clearing agency business for interbank and non bank financial institutions.Our bank provides customers withOutward remittanceAndInward remittanceDisbursementService, acting as an agent for customers to settle foreign exchange funds in multiple currencies.I act as a customerProvisionsThe account exceeds the minimum stipulated in the agreementdepositThe interest shall be partially paid, and the interest rate shall be determined by both parties through consultation with reference to LIBOR.At the same time, ICBC can provide customers withStructured depositsThe foreign exchange fund management business within the Bank will increase the ways for customers to improve their capital income level.
Interbank and financial institution customers with corresponding business qualifications.
Interbank and financial institution customers with corresponding business qualifications can apply.
Foreign exchange learning
Announce
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First point: make good use ofFinancial budgetRemember not to use the funds necessary for life as capital.Make good use of financial budget, remember not to use the funds necessary for life as capital is the first rule for novices to speculate in foreign exchange.If you want to become a successful foreign exchange trader, you must first have sufficient investment capital. If there is a loss, it will not affect your life.
Second, make good use of stop loss orders to reduce risks.At the same time of foreign exchange speculation, we should establish a tolerable loss range and make good use of stop loss transactions to avoid huge losses.The loss range should be set at 3% - 10% of the total amount of the account according to the fund situation of the account. When the loss amount has reached your tolerance limit, do not look for excuses to try to gamble, but immediatelyclose a position。In foreign exchange trading, stubbornness is a terrible thing.
Third point: learn to thoroughly implement the trading strategy, and do not find excuses to overturn the original decision.The biggest fatal injury of foreign exchange speculation is when you (when the loss has expanded) start to find an excuse not to admit losses and close the position, thinkingquotationIt may turn around at once.Don't let the risk exceed the originally set tolerance range. Once the loss has reached the originally set limit, don't hesitate to close the position immediately.The foreign exchange market is unpredictable. Since losses have occurred, we should not allow it to expand.
Point 4: Record the factors that determine the transaction.It is better to record the factors that determine the transaction every day, see if there is any event news or other reasons at that time, let you make a transaction decision, analyze it after doing the transaction, and record the profit and loss results.To learn basic knowledge, you can go to the download channel of Global Jinhui.
Fifth, the most basic and important principle of foreign exchange speculation is to follow the trend and not to go against it.The loss position shall be terminated as soon as possible;Profitable position can be held as long as possible.Another important rule is not to allow losses to occur on previously profitable positions. In the face of the sudden reversal of the market, instead of closing positions without profits, do not allow previously profitable positionsPosition, become a loss.
