1. Personal foreign exchange settlement and sale business is divided into foreign exchange settlement and sale business. Personal spot foreign exchange or cash payment business is sold at the spot exchange rate announced by the bank.
2. Personal foreign exchange trading business is the trading business between two kinds of foreign exchange provided by banks for individuals. The two kinds of foreign exchange here do not include RMB. Each bank has different qualification requirements for individuals to participate in foreign exchange trading business, with specific reference to bank regulations. Personal foreign exchange trading business can be oriented to people with actual foreign exchange needs or foreign exchange investors.
3. Personal foreign exchange remittance refers to the business of remitting funds provided by banks abroad or receiving remitted funds from abroad. The bank's foreign exchange remittance business only provides channels for individuals to enter and leave the country.
4. For personal foreign exchange option business, the exchange rate and date agreed by option contracts shall be implemented by signing a option contracts with the bank, and the option seller shall be responsible for fulfilling its obligations according to option contracts.