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International Precious Metals Hedging Products

Definition

Customers deal the international precious metals forward transactions with the Bank in US dollar, and then transact an opposite direction transaction to original transaction two business days prior to the maturity of the transaction, and only settle the differential amount on the maturity date, but no exchange of actual delivery of precious metals.

Functions

The product enables customers to hedge the risk by lock in the future exchange rate, that is, lock the future costs or benefits.

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