Q：
|
Is there any limit on the balance of the special account for repayment of principal and interest?
|
A：
|
The balance of the special account for principal and interest repayment cannot exceed the sum of the principal, interest under the foreign debt in the next two instalments and related expenses payable (except for the outstanding accumulated debt before the transfer in date).
|
Q：
|
Can the foreign exchange funds transferred into the special account for repayment of principal and interest be converted to CNY again?
|
A：
|
No, without the approval of the foreign exchange bureau, foreign exchange funds that have been purchased for foreign exchange and transferred to the special account for principal and interest repayment according to regulations cannot be settled into CNY again.
|
Q：
|
How many foreign debt special accounts can be opened for one single foreign debt?
|
A：
|
A maximum of two special accounts can be opened for one foreign debt.
|
Q：
|
How many special accounts for repayment of principal and interest can be opened for one single foreign debt?
|
|
A：
|
A maximum of one special account for repayment of principal and interest can be opened for one foreign debt.
|
Q：
|
Can different foreign debts use the same foreign debt special account?
|
|
A：
|
No, for different foreign debts, separate foreign debt special accounts shall be opened.
|
Q：
|
Is it possible to open more foreign debt accounts than the prescribed number?
|
A：
|
Yes, due to special business needs, if a non-bank debtor needs to choose an account opening bank outside the jurisdiction to which it belongs, or if the number of foreign debt accounts opened exceeds the prescribed number, it shall apply with the local foreign exchange bureau for approval.
|
FAQ
