The Bank hereby confirms that it has the necessary approval from relevant State Administration of Foreign Exchange for the issuance of this letter of undertaking and it undertakes to have this letter of undertaking duly and registered with the said SAFE according to the relevant regulation in due course.

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银行特此确认, 其必需取得有关外汇管理当局对于保证书的批准, 并且保证书需符合外管局相关程序的法规且已适时登记。SAFE即:State Administration of Foreign Exchange 的缩写,外管局

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随便翻译一下