CIPS: Difference between revisions
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imported>Doug Williamson (Differentiate from SIPS.) |
imported>Doug Williamson (Update first definition. Source - FRBSF - https://www.frbsf.org/banking/asia-program/pacific-exchange-blog/cips-and-the-international-role-of-the-renminbi/) |
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1. | 1. ''Payments - payment systems - China.'' | ||
Abbreviation for the Cross-border Interbank Payment System, headquartered in China. | |||
It provides clearing and settlement systems for cross-border RMB payments and trade. | |||
| Line 17: | Line 19: | ||
* [[China]] | * [[China]] | ||
* [[CIPD]] | * [[CIPD]] | ||
* [[Clearing]] | |||
* [[HKMA]] | * [[HKMA]] | ||
* [[Interbank]] | |||
* [[RMB]] | |||
* [[Settlement]] | |||
* [[Systemically Important Payment System]] | * [[Systemically Important Payment System]] | ||
* [[The RMB takes centre stage: the internationalisation journey]] | * [[The RMB takes centre stage: the internationalisation journey]] | ||
Revision as of 14:47, 30 July 2021
1. Payments - payment systems - China.
Abbreviation for the Cross-border Interbank Payment System, headquartered in China.
It provides clearing and settlement systems for cross-border RMB payments and trade.
2.
Chartered Institute of Procurement and Supply.
(Usually pronounced 'sips', but not to be confused with SIPS = Systemically Important Payment System).
