Pre-launch Preparation Work for Participants

1.Verify Minimum Funding Limit

CIPS determines the minimum funding limit for participants based on the average and peak transaction volumes of direct participants over the most recent 90 days. For direct participants participating in timed net settlement, their minimum funding limit shall also include reserved funds.

2.Production Environment Inspection Checklist

CIPS provides the CIPS Direct Participant Production Launch Environment Inspection Confirmation Checklist. Participants shall complete the form in light of actual conditions and submit it back to CIPS

3.Application and Issuance of Digital Certificates

Participants shall fill out the Direct Participant Digital Certificate Management Form. CIPS generates and issues two certificate codes to participants based on information submitted in the form. Upon receiving the credential, participants shall download the certificates and import them into the signing server .

4.Business Permission Application

Participants shall complete the Application Form for Modification of Business Permissions for Direct Participants of Cross-border Interbank Payment System (CIPS) according to their business demands, tick the business permissions to be activated on the form, affix the official seal or signature, and return the form to CIPS.