The State Administration of Foreign Exchange publishes data on the settlement and sale of foreign exchange and foreign-related payments received by banks on behalf of customers in March 2024.
Statistics from the State Administration of Foreign Exchange show thatBlackjackcafeIn March 2024, the bank settled foreign exchange of 1.3061 trillion yuan and sold foreign exchange of 1.4242 trillion yuan. From January to March 2024, banks settled foreign exchange of 3.8514 trillion yuan and sold foreign exchange of 4.0276 trillion yuan.
In dollar terms, in March 2024, the bank settled foreign exchange of 184 billion US dollars and sold foreign exchange of 200.7 billion US dollars. From January to March 2024, the bank settled foreign exchange of 542.2 billion US dollars and sold foreign exchange of 567 billion US dollars.
In March 2024, the bank's foreign-related income for clients was 4.3013 trillion yuan and foreign payments were 4.4039 trillion yuan. From January to March 2024, the bank's foreign-related income totaled 11.7805 trillion yuan and foreign payments totaled 11.7584 trillion yuan.
In terms of US dollars, in March 2024, the bank's foreign-related income for clients was US $606 billion and foreign payments were US $620.5 billion. From January to March 2024, the bank's foreign-related income totaled US $1.6586 trillion and foreign payments totaled US $1.6555 trillion.
Attached: explanation of nouns and related instructions
The balance of payments refers to all economic transactions between Chinese residents and non-residents.
Bank settlement and sale of foreign exchange refers to the foreign exchange settlement and sale business handled by banks for customers and themselves, including forward settlement and sale of foreign exchange performance and option exercise data, excluding inter-bank foreign exchange market transaction data. The statistical time for the settlement and sale of foreign exchange by banks is when the exchange between RMB and foreign exchange occurs. Among them, the settlement of foreign exchange refers to the foreign exchange owner selling foreign exchange to the bank, and the foreign exchange sale refers to the bank selling foreign exchange to foreign exchange users. The difference between the settlement and sale of foreign exchange is the difference between the settlement and sale of foreign exchange.
The signing of forward settlement and sale of foreign exchange refers to the negotiation and signing of the forward settlement (sale of foreign exchange) contract with the customer, stipulating the foreign exchange currency, amount, exchange rate and time limit for the settlement of foreign exchange (foreign exchange sale) in the future; when the foreign exchange income (expenditure) is due, that is, the settlement of foreign exchange (foreign exchange sale) shall be handled in accordance with the currency, amount and exchange rate specified in the forward foreign exchange settlement (foreign exchange sale) contract.
The long-term settlement and sale of foreign exchange refers to the behavior that the customer can reverse the original transaction and close some or all of the forward position because the real demand background has changed and the customer is unable to fulfill the obligation of capital delivery.
The extension period of forward settlement and sale of foreign exchange refers to the behavior that the customer adjusts the delivery time of the original transaction due to the change of the real demand background.
The accumulated outstanding amount of the forward settlement and sale of foreign exchange at the end of the current period refers to the balance of the forward settlement and sale contracts signed between the bank and the customer that has not yet expired at the end of the current period; the difference refers to the difference between the outstanding forward settlement of foreign exchange and the balance of foreign exchange sales.
The Delta net exposure of unexpired options refers to the spot exchange rate exposure implied in the accumulated unexpired contracts at the end of the current period for the options business handled by banks to customers.
Bank receipts and payments on behalf of customers refer to the receipts and payments made by domestic non-bank resident institutions and individuals (collectively referred to as non-bank departments) through domestic banks and non-resident institutions and individuals, excluding cash receipts and payments and foreign-related receipts and payments made by banks themselves. Specifically include: cross-border receipts and payments between non-banking departments and non-residents through domestic banks (including foreign exchange and RMB), and domestic receipts and payments between non-banking departments and non-residents through domestic banks (excluding RMB receipts and payments between domestic resident individuals and domestic non-resident individuals), when the statistics time point handles foreign-related receipts and payments for customers at domestic banks. Among them, the foreign-related income of banks refers to the income of non-bank departments from non-residents through domestic banks, and the external expenditure of banks refers to the payments made by non-bank departments to non-residents through domestic banks.