The deposit threshold is no less than RMB10,000. Last month, China and Indonesia signed an agreement to encourage the use of local currencies – the Chinese yuan (RMB) and the Indonesian roupiah (Rp) – in trade and investment transactions between the two countries. The agreement would also have an impact on political relations between the two countries. On February 18, 2014, the Australian Securities Exchange Limited (“ASX”) and BoC signed a clearing and settlement agreement to RMB (Australia). In April, the RBA announced that it would invest up to 5% of its foreign exchange reserves in RMB Sovereign bonds.  On November 17, RBA and PBoC signed an agreement to establish formal RMB clearing agreements in Australia and PBoC granted Australia an RQFII ratio of RMB 50 billion, which will allow FI in Australia to invest with RMB in the Chinese bond and equity markets.  After an agreement has saved the RMB account for two years, when customers still have to use such an account, customers will renew their bank of China Limited Agreement Deposit in RMB Contract. All companies, institutions, public bodies, military departments, social organisations, qualified independents can apply for a contractual deposit in RMB transactions. The portion of the deposit balance on the settlement account opened by the client above the ceiling of the selected agreement is wrapped in the contractual deposit aggregate and is paid quarterly with the interest rate of the contractual deposit. The contractual contribution has a higher return than the current deposit, but the liquidity is basically the same as that of the current account. This agreement is an important step in strengthening bilateral financial cooperation between China, the world`s largest exporter, and Southeast Asia`s largest economy, Indonesia. 4.
Fast and convenient service: Corporate clients must make a contract filing in the RMB contract only after consultation with the Bank of China, and the corresponding account keeping is automatically managed by computers, simply and with great efficiency. The filing of enterprise contracts refers to a type of deposit in which the depositor opens a contractual deposit account on the settlement account on the basis of the “contract deposit contract” signed with the bank and sets the limit of the amount to be withheld in the settlement account. Then the higher amount is transferred to the bank account in the contractual account and is paid separately with the interest rate of the contractual deposit. 1. High mobility: The contractual deposit in RMB is with flexibility features and for corporate clients, after opening transactions of the deposit agreement in RMB, their daily billing operations are always free of impact, while funds remain free to enter and exit as usual. If the average monthly balance of a contract savings account in RMB is insufficient for two or more years, such an account is treated as a basic deposit account or a general savings account after demine, instead of no longer being applicable to the interest rates of the contractual savings in RMB. their shares are calculated below the companies` current interest rates.