Feb 06, 2021 05:52 PM (GMT+8) · EqualOcean
On February 5, China International Finance Co., Ltd. successfully handled a differential settlement forward foreign exchange settlement and sales business for ping an international finance leasing (Tianjin) Co., Ltd., realizing the zero breakthrough of CICC's foreign exchange settlement and sales business on behalf of customers. In this transaction, Ping an international finance leasing (Tianjin) Co., Ltd. made a one-year forward purchase of foreign exchange with nominal principal of US $30 million, which was settled by RMB balance at maturity to hedge the exchange rate risk of foreign currency liabilities.