How to determine the term of interbank lending

First, how to determine the term of interbank lending

Financial institutions should incorporate interbank lending risk management into the overall framework of their own risk management, establish and improve the interbank lending risk management system according to the characteristics of interbank lending business, set up special interbank lending risk management institutions, and formulate internal operating procedures and control measures for interbank lending risk management. Financial institutions shall properly keep all transaction records of their interbank lending transactions and documents, accounts, original vouchers, statements, telephone recordings and other materials related to the transaction records according to law.

1. The longest period for financial asset management companies, financial leasing companies, auto financing companies and insurance companies to borrow funds is 3 months;

2. The longest period for enterprise group finance companies, trust companies, securities companies and insurance asset management companies to borrow funds is 7 days;

3. For policy banks, Chinese-funded commercial banks, authorized branches of Chinese-funded commercial banks, wholly foreign-owned banks, Sino-foreign joint venture banks, branches of foreign banks, urban credit cooperatives and county-level rural credit cooperatives, the longest term of borrowing funds is 1 year;

4. The longest term of borrowing funds by financial institutions shall not exceed the longest term of borrowing funds stipulated by the People's Bank of China. The People's Bank of China may, according to the needs of market development and management, adjust the maximum period of capital lending by financial institutions.

Second, the term of interbank lending.

On the premise of meeting the following requirements, the term of interbank borrowing shall be agreed by both parties to the transaction:

1. The longest period for policy banks, Chinese-funded commercial banks, tier-one branches authorized by Chinese-funded commercial banks, wholly foreign-funded banks, Sino-foreign joint venture banks, branches of foreign banks, urban credit cooperatives and rural credit cooperatives to borrow funds is 1 year;

2. The longest period for financial asset management companies, financial leasing companies, auto financing companies and insurance companies to borrow funds is 3 months.

3. The longest period for the finance company, trust company, securities company and insurance asset management company of the enterprise group to borrow funds is 7 days;