The Cross-border Payment System Of Rmb Based On Internet Technology

At present,China's commercial banks deal with cross-border RMB payment business.They usually deliver cross-border payment messages through the global message switching system SWIFT,and then rely on the second generation of big amount payment system CNAPS to complete offshore liquidation,which is not suitable for cross area settlement.At the same time,the SWIFT message does not support Chinese,and some message fields are incompatible with large systems,affecting the efficiency of liquidation.In order to meet the increasing cross-border commercial bank payment services,to create a fair competition in the international environment,and to promote the internationalization of the RMB,the People's Bank of China organized the construction of a Renminbi cross-border payment system(CIPS);commercial banks as direct participants of CIPS system need to develop system access and related business processing function,end cross-border RMB the payment system construction of commercial bank.This paper is based on the process of the construction of RMB cross-border payment system by China Everbright Bank,and studies the cross-border payment system of RMB.In order to reduce the complexity of message conversion,all packets are described in XML format.According to the actual situation of RMB cross-border payment system,necessary format constraints are made.In order to facilitate the access of the system participants,the commercial bank headquarter has been connected to the People's Bank of China through a special line to achieve "one point access" mode.In order to improve the efficiency of the liquidation of funds,the commercial bank opened a liquidation account in the people's Bank to achieve a “one point liquidation” model.The system automatically handled business without manual intervention.The unified transaction interface and business process of intra office business can solve the past handover of tellers' cross-border payment business,and improve the efficiency of RMB cross-border payment business and enhance the core competitiveness of banks.