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Product Name
Foreign Exchange Forward Deal
Product Description
Foreign Exchange Forward Deal refers to the foreign exchange transaction on a foreign exchange rate, currency, and amount agreed by the buyer and seller under a foreign exchange contract, and settled later on an agreed day. CNH forward service (an off-shore CNY forward) is available at Bank of China (Canada).
Product Features
It can help customers lock the forward exchange rate, so as to lock the cost and/or benefits in the future, which play the role of value maintenance and risk elimination.
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