1. What kind of foreign exchange account?
According to the Regulations on the Administration of Domestic Foreign Exchange Accounts, the Regulations on the Administration of Overseas Foreign Exchange Accounts and the Operating Rules for Foreign Exchange Income Reservation of Chinese-funded Enterprises, there are two types of current account foreign exchange accounts that need to be approved by the Management and Inspection Department of the State Administration of Foreign Exchange:
1, foreign exchange settlement account;
2. Special foreign exchange account. ?
Chinese-funded enterprises that meet the prescribed conditions may apply to the foreign exchange bureau to open a foreign exchange settlement account with a designated Chinese-funded foreign exchange bank and reserve a certain amount of foreign exchange. ?
Special foreign exchange accounts include: foreign exchange accounts that need to be opened in China for import agents, special trade projects, contracted labor services, donation assistance, special agents, international freight, international remittances, international travel agencies, duty-free goods and temporary receipts to be paid, and foreign exchange accounts that need to be opened overseas for contracted labor services. ?
2. What are the basic requirements for the examination materials of foreign exchange accounts?
1. If it is necessary to open a foreign exchange account, the application for opening an account should be an official letter, with the official seal of the company affixed, and the application content should be clear. The application for opening an account must indicate the source and purpose of foreign exchange funds, the bank and currency of the account, and if it is a special account, it is also necessary to explain the project, relevant information and the time limit for opening an account, as well as other materials required by the foreign exchange bureau; ?
2. To open an account, you need to hold the original and photocopy of the relevant materials required by the foreign exchange bureau;
Extended data:
The establishment and use of foreign exchange accounts have the following five basic principles:
1. The principle of approval system. To open a foreign exchange account, an application shall be submitted to the local foreign exchange administration with the corresponding materials, and a foreign exchange account shall be opened in a local bank with the approval of the State Administration of Foreign Exchange. Banks can only open foreign exchange accounts for customers with the approval of the foreign exchange administration or in accordance with the authority prescribed by law, and handle foreign exchange settlement within the scope of foreign exchange activities allowed by the foreign exchange administration.
2. The principle of quota management. This is the embodiment of the general principle of foreign exchange settlement and sale at present. Although it is a special case of the principle of settlement and sale of foreign exchange, it does not mean that the account balance can be expanded indefinitely, so almost all foreign exchange accounts have quota control or settlement conditions. As a supporting measure of the foreign exchange settlement and sale system, the foreign exchange account management of current account allows enterprises to keep part of foreign exchange on the premise of ensuring the smooth implementation of the foreign exchange settlement and sale system, so as to reduce the bid-ask spread and the loss of handling fees.
It is not only conducive to the allocation of funds for enterprises, but also provides convenience for the settlement of enterprises. The temporarily idle foreign exchange funds in the foreign exchange account can be deposited in the account or converted into foreign exchange time deposits with the approval of the foreign exchange administration department, which is a reasonable economic behavior of the enterprise. Without the approval of the local foreign exchange administration department, it is an act of evading quota management to convert funds in foreign exchange accounts into time deposits.
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3. The principle of authenticity. All kinds of accounts have their own income and expenditure ranges and cannot be used for other purposes. For example, a special fund account cannot be used as a foreign exchange settlement account; The foreign exchange margin account is a special account for letter of credit settlement set up by banks to avoid risks, and foreign exchange receipts and payments are handled directly in the foreign exchange margin account.
The foreign exchange bureau shall verify the use and authenticity of the enterprise's foreign exchange account afterwards and implement the annual inspection system. Accounts that have passed the annual inspection are allowed to continue to be used; For accounts that fail to pass the audit, if there are minor violations, they shall be ordered to make corrections within a time limit and allowed to continue to use after correction. If the circumstances are serious, the use shall be suspended until it is revoked. The suspended foreign exchange account cannot be used for foreign exchange receipts and payments within the prescribed time limit.
4. Compliance principle. A foreign exchange-related unit can only set up one foreign exchange account, and all currencies are regarded as one account in the same bank. The establishment of second or more accounts must be approved by the local foreign exchange administration. Without the approval of the foreign exchange bureau, multiple accounts may not be opened in the same bank or different banks.
5. The principle of exclusivity. Foreign exchange accounts shall be used exclusively by approved institutions and shall not be lent, cross-used or transferred to others for use.
References:
Baidu encyclopedia-foreign exchange account