Overview The Corporate Foreign Exchange Time deposit is a fixed-term foreign exchange ("forex") deposit with ABC by domestic entities or foreign institutions in China, with principal and interest to be withdrawn in a lump sum upon expiration. Deposit terms available for Corporate Foreign Exchange Time Deposit include one month, three months, six months, one year and two years. Features Relatively stable return More interest income than demand deposit Appreciation of forex funds Procedures Opening an account: The customer provides account application, original of business license and specimen seal. ABC will issue "Certificate of Corporate Time Deposit Account" after receiving the money.