CIPS: Difference between revisions
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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/) |
imported>Doug Williamson (Layout.) |
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2. | 2. ''Procurement.'' | ||
Chartered Institute of Procurement and Supply. | Chartered Institute of Procurement and Supply. | ||
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* [[HKMA]] | * [[HKMA]] | ||
* [[Interbank]] | * [[Interbank]] | ||
* [[Procurement]] | |||
* [[RMB]] | * [[RMB]] | ||
* [[Settlement]] | * [[Settlement]] | ||
Revision as of 16:17, 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. Procurement.
Chartered Institute of Procurement and Supply.
(Usually pronounced 'sips', but not to be confused with SIPS = Systemically Important Payment System).
