Spot Foreign exchange (FX) settlement covers both purchase and sale of spot FX:
1.Spot FX purchase means that on the basis of the spot rate in FX market on the very day, CEXIM buys your foreign currencies after negotiating with you, and pays Renminbi to you accordingly.
2.Spot FX sale means that on the basis of the spot rate in FX market on the very day, CEXIM sells foreign currencies to you after negotiating with you, and collects your Renminbi accordingly.
We can provide spot purchase and sale service in a range of freely convertible currencies.
Benefits for Customers
With a simple procedure, your request for balancing FX receipts and payments can be processed promptly and perfectly;
When Do You Choose Spot FX Settlement?
There is an actual business need, in compliance with China’s foreign exchange regulations, such as to convert Renminbi into foreign currencies for payment or to convert foreign currencies into Renminbi for domestic use, etc.
Purchase and sale of spot FX should comply with foreign exchange regulations in China and required documents should be submitted to us;
You can inquire us in advance for large-amount transactions so as to obtain a better quotation.