更好满足CIPS业务发展需要 央行拟修订人民币跨境支付系统业务规则

Core Viewpoint - The People's Bank of China has revised the "Rules for Cross-Border Payment System of Renminbi (Draft for Comments)" to better accommodate the expansion and management needs of participants in the Cross-Border Interbank Payment System (CIPS) [1][2]. Group 1: Revision Considerations - The revision aims to better meet the expansion and management requirements of CIPS participants, as the original rules were insufficient due to the growth of CIPS business and participant scale [2]. - The updated rules will enhance the management mechanism for participants, ensuring that the needs for expansion are effectively met and improving the overall management level of CIPS participants [2]. Group 2: Specific Content of the Rules - The revised rules clarify aspects such as account management, business processing, settlement mechanisms, risk management, and emergency response [3]. - In account management, the rules standardize the opening of accounts for participants and operating institutions, the ownership of settlement funds, and liquidity management [3]. - For business processing, the rules specify the types of business participants can engage in and regulate actions such as message permission applications, system logins, and business type entries [3]. - The settlement mechanism is defined, including queue management, business cancellation and return, and accounting and reconciliation for participants [3]. - Regarding risk management and emergency response, the rules require CIPS operating institutions and participants to establish emergency response mechanisms, early warning systems for operational anomalies, and backup systems for timely fault handling [3].