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RMB Margin Deposit


RMB Margin deposit means the deposit that the depositor uses as cash collateral while doing related bank business at the account bank.
When the client applies to open bank acceptance bills of exchange, letter of credit, bank guarantee or conduct foreign exchange or gold trading business, it must deposit the margin with the bank in full amount or partly. If the margin deposit is calculated with current account interest rate, the interest will be settled quarterly according to the current account interest rate issued by the bank; If the margin deposit is calculated with time deposit interest rate, the interest will be settled together with the principal upon maturity according to the time deposit interest rate of the same period issued by the bank.




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