What is the cashbackforexbtc East forex cashback cashback forex of the agent agent foreign exchange trading, also known as intermediary trading, is to meet the dem Eastforexcashback for payment of different currencies spot or forward, the bank can accept the commission of the banking industry for spot or forward foreign exchange trading spot transactions will be in the transaction within two working days after the date of delivery, forward transactions will be in the agreed future specific time (two working days after the date of the transaction) More than), in accordance with the agreed forexcashbackcalculator, amount and exchange rate for delivery valet foreign exchange trading classification and operation [1] 1. spot foreign exchange trading spot foreign exchange trading refers to the transaction between the two sides according to the day of the foreign exchange market spot exchange rate transaction, and in the second working day after the transaction for delivery of foreign exchange trading delivery day must be the working day of the two sides of the transaction, such as holidays will be postponed to the next working day 2. forward foreign exchange trading Forward foreign exchange trading refers to the buyer and seller first signed a contract, the contract provides for the purchase and sale of foreign exchange quantity, exchange rate, currency and delivery date, to the delivery date according to the contract for delivery of foreign exchange transactions agreed period generally within 1 year, 13 months of forward transactions are most common forward foreign exchange transactions used in the exchange rate called forward exchange rate, forward exchange rate is based on spot exchange rate, by adding or subtracting the forward and spot The difference between the forward and spot exchange rates to determine, if the forward exchange rate is higher than the spot exchange rate is called the rise, if the forward exchange rate is lower than the spot exchange rate is called the discount rise discount amount is determined by the interest rate difference between the two currencies 3. option foreign exchange trading option foreign exchange trading is the forward foreign exchange purchaser (or seller) in the contract validity of any day, the right to request the bank to implement the delivery of a foreign exchange business 4. swap foreign exchange Buy and sell swap foreign exchange trading is to buy in the spot market A currency to sell B currency, while in the forward market to sell A currency to buy B currency transactions, in order to achieve the purpose of value preservation 5. option foreign exchange trading option foreign exchange trading is the forward foreign exchange buyer (or seller) and the other party to sign the purchase (or sell) forward foreign exchange contract, and pay a certain amount of margin, in the validity of the contract Or in the specified expiration date, the right to perform the contract according to the contract agreement price, the actual currency delivery, but also according to the market situation has the right to no longer perform the contract This has the right to perform or not to perform the purchase (or sell) forward contract option foreign exchange business, known as foreign exchange options business The above several types of foreign exchange trading on behalf of the customer specific operations are as follows: banks for the above foreign exchange trading business to go through The State Administration of Foreign Exchange approval, and in addition to the authorization of the head office can be directly with foreign banks to carry out foreign exchange trading business (refers to the foreign flat), the rest of the branches of the foreign exchange trading on behalf of customers flat business must be handled through the head office can be traded in currencies including U.S. dollars, Hong Kong dollars, Deutsche Mark, Japanese yen, British pounds, Swiss francs, French francs, Belgian francs, Dutch guilders, Austrian schillings, Australian dollars, Canadian dollars, Italian lira, Swedish krona, Swedish krona, Italian lira, Swedish krona, Swedish krona, Swedish krona, Italian lira, Swedish krona, Swedish krona. Italian lira, Swedish krona, Danish krone, Singapore dollar, New Zealand dollar, the euro and other freely convertible currencies branches for the sale and purchase of foreign exchange on behalf of customers require customers to submit the "application for the sale and purchase of foreign exchange on behalf of customers", the application form states the type of currency, exchange rate, foreign exchange trading, the type of term, the starting date, and requires the companys corporate seal stamped on the customers of Chinese-funded enterprises require the submission of trade contracts, and does not allow speculative transactions; for The three enterprises and the bank interbank do not need to submit the trade contract, only need to submit a letter of entrustment can be if through the head office has been dealt with, to give the customer notice of the transaction the significance of the valet foreign exchange trading [2] the significance of the valet foreign exchange trading business is: 1, can avoid the exchange rate risk, so that hold a foreign exchange and need to pay another foreign exchange customers, in the payment day can hold enough to pay the amount, to lift the worries; 2. It is conducive to cost accounting, so that the cost is stable and convenient for the arrangement of the use of funds; 3, can be fixed to buy foreign exchange funds in RMB, so that the original arrangement for the purchase of foreign exchange imports due to changes in the exchange rate of RMB funds shortage, expanding additional expenditure; 4, conducive to maintaining the overall interests of the country, saving foreign exchange expenditure. Buy and sell, option foreign exchange trading and option foreign exchange trading 5, currency including U.S. dollars, pounds, marks, yen, Swiss francs, French francs, Belgian francs, Dutch guilders, Australian dollars, Italian lira, Hong Kong dollars, Canadian dollars and other freely convertible currency basic requirements of the escrow foreign exchange trading [3] (a) the amount of the starting point for each transaction of the escrow foreign exchange trading for a certain amount of U.S. dollars or (B) performance guarantee entrusted to the principal of forward foreign exchange trading, must provide a performance guarantee, can use the full amount of cash advance deposit, can also provide its account bank guarantee (C) delivery on schedule forward foreign exchange transactions once the transaction, it is irrevocable, must be on schedule for delivery procedures, such as special circumstances, the need for early or delayed delivery, should be in the delivery date A few working days to amend the application, agreed by both sides, to redefine the new date of delivery of all the additional expenses arising from the modification of the applicant to bear (d) the charges for the sale and purchase of foreign exchange on behalf of the customer foreign exchange business charges, according to the international foreign exchange market practice, to take the difference between the purchase and sale, or another fee regardless of the way, can not exceed the transaction amount of One-thousandth of the account processing procedures for the sale and purchase of foreign exchange on behalf of customers [3] (a) accept the application where the bank is entrusted with foreign exchange trading customers, should be submitted to the bank foreign exchange trading application form, and the principal guarantee form, need to open a foreign currency account in the bank or foreign exchange margin account bank managers received the customers signature for foreign exchange trading application and the principal guarantee, to check the customer to purchase or The type of currency to be purchased or sold, the amount, the exchange rate level, settlement date, etc., in the Banks deposit account number is correct and there is not enough deposit balance, whether the signature and the reserved seal match, after the audit is correct, can be accepted for foreign exchange transactions (b) for the settlement of the accounting for the sale of foreign exchange agents can not be through the RMB hedge accounting, can be directly for the hedge, through the operation of the hedge accounting account for accounting, to Balance between two different foreign currency accounts bank in behalf of the customer to buy and sell foreign exchange, if the customer requests to buy foreign currency for the A currency, the customer requests to sell foreign currency for the B currency, the accounting entries of the hedge are as follows: 1. Accounting for spot foreign exchange trading in the international market when the settlement, the entry: debit: deposit foreign interbank A currency credit: operating hedge A currency debit: operating hedge B currency credit: deposit foreign interbank B currency With the customer when the settlement of the entry: debit: customer deposits B currency credit: operating hedge B currency debit: operating hedge A currency credit: customer deposits A currency 2. Accounting for forward foreign exchange transactions (1) in the international market forward foreign exchange contracts signed when the accounting entries: debit: period of receipt of forward foreign exchange foreign banks A currency credit: operating hedge A currency debit: operating hedge B currency credit: period of payment forward foreign banks B Currency (2) and domestic customers signed forward foreign exchange sales and purchase contracts, accounting entries: debit: the period of receipt of forward foreign exchange domestic customers B currency credit: operating hedge B currency debit: operating hedge A currency credit: the period of payment of forward foreign exchange domestic customers A currency (3) foreign exchange sales and foreign banks due to delivery, accounting entries: debit: deposit foreign interbank A currency credit: the period of receipt of forward foreign exchange foreign banks A currency debit: the period of payment Forward foreign exchange a foreign bank B currency credit: deposit foreign interbank B currency (4) foreign exchange trading and domestic customers due for delivery, accounting entries: debit: customers foreign exchange deposits or related accounts B currency credit: period of receipt of forward foreign exchange domestic customers B currency debit: period of payment forward foreign exchange domestic customers A currency credit: customers foreign exchange deposits or related accounts A currency 3. transfer period foreign exchange trading (1) spot buy A currency sell B currency Currency, the entry and the same as the above entry for spot foreign exchange trading (2) forward sell A currency, buy B currency, the entry and the above entry for forward foreign exchange trading the same, but the currency is the opposite of the valet foreign exchange trading business accounting checks [4] 1. by looking at the relevant approval documents, check whether the bank is authorized to handle the valet foreign exchange trading business, there is no over the scope, over the authority to handle the business 2. through the foreign exchange trading business Check whether the transaction amount and currency are consistent, whether the customers application and agreement are confirmed by the customers signature, whether the transaction confirmation is approved and signed by the authorized person, whether the exchange rate is reasonable, whether there are any abnormalities, and whether there are any unauthorized transactions to be corrected. 3. Through on-site inspection and inquiry, check whether the implementation of the system of separation of funds transaction and accounting, funds clearing business, whether there is a phenomenon of part-time, mixed post 4. The fees charged in the business of buying and selling [5] banks in the business of buying and selling foreign exchange on behalf of customers, can be used in the international foreign exchange market customary way of foreign exchange trading spread or another practice of charging a handling fee dumb trading spread or charging a handling fee can not exceed 1 part of the handling fee received foreign exchange