CIPS

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).

See also

• Cash management in Asia: extracting signal from noise
• Chartered Institute of Procurement and Supply
• China
• CIPD
• Clearing
• Hong Kong Monetary Authority (HKMA)
• Interbank
• Procurement
• RMB
• Settlement
• Systemically Important Payment System
• The RMB takes centre stage: the internationalisation journey