Introduction
The Corporate Agreement Deposit refers to the corporate or other organizations eligible for opening settlement account enters into agreement with Hua Xia Bank stipulating the carrying balance in the account, whereas the interest computation for the excess money in the settlement account is computed separately as per the negotiated deposit interest rate regulated by the People's Bank of China.

Tenor
The agreement tenor for negotiated deposit is one year. In absence of written termination or revision imposed by both parties, the tenor is deemed as in automatic renewal. The renewal tenor is one year upon each maturity.
 
Interest Rate
The interest for deposit fund within the carrying balance defined by the company is computed as per current deposit rate stipulated by the People's Bank of China according to the interest settlement date. The interest for deposit fund over the carrying balance is computed separately as per the negotiated deposit interest rate published by the People's Bank of China.