CNH and One-leg-out payment: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
(Create page. Source: The Treasurer, Aug 2018, p15.)
 
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The currency of the People's Republic of China (PROC), when it is traded offshore.
''Payment Services Directive 2 (PSD2)''.


A one-leg-out payment is one where only one of two payment service providers involved is located in the European Union (EU).


The yuan is a heavily regulated currency but as part of the process of internationalising the currency the Chinese authorities have allowed a market in offshore deposits to develop.
Also known as 'one leg' payments.


The currency traded offshore is known as the renminbi CNH whereas the onshore currency is known as the renminbi CNY. 


<span style="color:#4B0082">'''''Transparency and cost'''''</span>


CNH is sometimes known as 'offshore CNY' or 'offshore RMB'.
:"PSD2 is set to bring improved transparency, as payments going out of the EU will be required to have transparency on cost, opening the way to better management of one-leg-out payments."


Of these three codes, only 'CNY' is an official ISO currency code.
:''The Treasurer magazine, August 2018, p15.''






== See also ==
== See also ==
* [[Dim sum bond]]
* [[European Union]]
* [[ISO currency codes]]
* [[Payment service provider]]
* [[Offshore]]
* [[Payment Services Directive]]
* [[Onshore]]
* [[Payments and payment systems]]
* [[RMB]]
* [[PSD2]]
* [[The RMB takes centre stage: the internationalisation journey]]
* [[Single Euro Payments Area]]
* [[Yuan renminbi]]
 
 
 
===Other links===
[http://www.treasurers.org/node/10186?utm_source=Communicator&utm_medium=Email&utm_content=Untitled13&utm_campaign=Monthly+Newsletter+-+June+2014: EACT position paper on PSD2]

Revision as of 15:34, 3 August 2018

Payment Services Directive 2 (PSD2).

A one-leg-out payment is one where only one of two payment service providers involved is located in the European Union (EU).

Also known as 'one leg' payments.


Transparency and cost

"PSD2 is set to bring improved transparency, as payments going out of the EU will be required to have transparency on cost, opening the way to better management of one-leg-out payments."
The Treasurer magazine, August 2018, p15.


See also


Other links

EACT position paper on PSD2