I. Product Introduction

CIPS Full Amount Payment is a value-added service launched by CIPS in collaboration with banks to meet the needs of market entities for delivering the principal amount. Based on international messaging standards such as ISO 20022 and unified business processing procedures, this service ensures that the recipient receives the full amount, while participating institutions can collect relevant fees through designated accounts after the remittance is completed.

II. Applicable Users and Application Scenarios

It is aimed at banking and financial institutions, non-bank financial institutions, enterprises, etc., and is suitable for business scenarios that need deliver the principal amount to end customer.

III. Product Advantages

Standardization: With unified service standards, it provides full amount payment services to the market in collaboration with banks.

Easy operation: With simplified IT development process and easy operations, users can simply click to initiate full amount payment.

Visible progress: With CIPS Payment Status Service (CPSS), you can also track the progress of payment.

IV. Core Features and Business Characteristics

1. Initiate full amount payment 

2. Support business identification

3. Support fee collection function

V. Application Cases

With the innovative CIPS Full Amount Payment, Bank A successfully enabled full amount payment through CIPS for Company B, becoming the first to implement cross-border RMB full amount payment business application. According to the needs of the paying customer, this remittance should be made in full amount. Banks along the payment chain are responsible for handling the business according to the requirements of full amount payment. After the payment is completed, the banks can collect relevant fees through vostro account or initiate fee claims. Company B stated that the implementation of CIPS Full Amount Payment  enriches the cross-border RMB fund settlement mode, brings convenience to enterprises using cross-border RMB for settlement, helps enterprises better manage liquidity, and saves capital costs.

Bank C, together with a financial company D under a state-owned enterprise, has piloted the application of CIPS Full Amount Payment, realizing full amount cross-border payment of RMB. Company D stated that in the traditional cross-border payment, to deliver the principal amount is one of the challenges faced by the payer. Due to the uncertainty of the amount deducted by the intermediary bank, the payer cannot predict the final amount received before payment. CIPS Full Amount Payment service effectively solves this problem, brings more efficient straight through processing capability, and provides cross-border payment services with predictable amount received.

VI. Service Manager and Contact Information

Shi Lei 021-63121279

cpb@cips.com.cn

I. Product Introduction

Multi-bank Account Statement is a value-added service developed by CIPS based on the advantages of the CIPS system's unified business standards and international standards such as ISO 20022. Multinational corporations and their subsidiaries usually open accounts with multiple banks. To achieve centralized management of funds within the group, it is necessary to establish information exchange channels with each bank to obtain account statement information. With this service, participating banks can provide customers with basic account information, account balances and transaction details based on the unified CIPS standards, meeting the needs of multinational groups for centralized management of multiple bank accounts of their subsidiaries and improving capital operation efficiency.

II. Applicable Users and Application Scenarios

This service is applicable for banking and non-banking financial institutions, and enterprises. It is suitable for scenarios where multinational corporations manage their group members with multiple banks globally.

III. Product Advantages

Standardization: Unified format for convenient receipt and processing of account reconciliation information by enterprises.

Efficiency and convenience: Quick view of domestic and overseas member accounts.

Rich information: Business information such as account name, account balances, counter party name and transaction details.

IV. Core Features and Business Characteristics

1. Statement Collection

2. History Statements Inquiry

V. Application Case

Bank A's Hong Kong Branch and Dubai Branch, as overseas direct participants of CIPS, have taken the lead in launching CIPS  Multi-bank Account Statement service with Company B, a financial company under a state-owned enterprise. Company B stated that it was very difficult to timely grasp the account statements of members as their accounts are opened with multiple banks in different countries and regions. After launching this service, they could quickly receive information on the account balances and transaction details of members' accounts with Bank A's Dubai Branch, providing more efficient support for the subsidiary's business operations in the Middle East region.

VI. Service Manager and Contact Information

Shi Lei 021-63121279

cpb@cips.com.cn

I. Product Introduction

Payment Status Service is a value-added service provided by CIPS based on the concept of “co-construction, sharing, and win-win”. It incorporates and adopts international standards such as Legal Entity Identifier (LEI) and ISO 20022, supporting participating institutions to provide feedback to CIPS and obtain information on the processing status of cross-border remittance transactions, as well as to understand payment information and the payment process.

II. Applicable Users and Scenarios

It is suitable for scenarios where market entities need to under stand the latest progress in their cross-border business transac tions, targeting banking, non-banking financial institutions and enterprises.

III. Product Features

Standardization: Based on international standards such as LEI, it offers rich payment status information.

Visible Progress: It supports users in querying business progress.

Efficient Feedback: Participating banks can provide feedback on current processing progress on the same day.

IV. Core Features and Business Characteristics

1. Payment tracking

2. Receipt tracking

V. Application Cases

A local investment company A in Macau has overseas investment projects in Malaysia and needs to remit RMB investment funds to the Malaysian company through Bank B. Therefore, it is very concerned about the status and timeliness of the funds. In the past, the company's financial personnel had to frequently call the account manager of Bank B's Macau Branch to inquire about the status of the funds, which took a lot of time in daily communication with the bank. After the CIPS Payment Status Service was launched, Bank B’s Macau Branch pushed the real-time payment status to Company A, helping the company to simultaneously understand the payment-related information and saving communication time, alleviating its anxiety over the status of the funds.

VI. Service Manager and Contact Information

Shi Lei 021-63121279

cpb@cips.com.cn

I. Product Introduction

International Letter of Credit Service (L/C) is an information service developed by CIPS to facilitate market entities to conduct cross-border trade settlement with RMB as the settlement currency. This service enables standardized information exchange between banks and between banks and enterprises throughout various L/C processes – including issuance, amendment, presentation, and cancellation – by adopting internationally compliant business message standards. By leveraging standardized and unified message interaction, the service digitizes, standardizes, and streamlines L/C operations, significantly enhancing cross-border settlement efficiency, reducing communication costs, and providing more efficient and convenient cross-border financial services to support international trade activities.

II. Applicable Users and Application Scenarios

This service is applicable for banking and non-banking financial institutions, and international trade enterprises. It is well-suited for international trade settlement scenarios such as bulk commodities and complete equipment import and export.

III. Product Advantages

Standardization: Pioneering the development of internationally compliant L/C business messages to enhance information exchange efficiency and automation levels, achieving "single-point access with full-network coverage", thereby reducing development costs.

Comprehensive Functionality: Covers the entire L/C life cycle from issuance to cancellation, supports full online operations to achieve closed-loop transaction processing; and also offers flexible feature selection based on business needs, ensuring adaptability to real-world application scenarios.

User-friendly Operation: Features one-click smart templates for simplified operations, supports specialized functions like L/C pre-issuance drafts to meet customized service demands between banks and enterprises, streamlining transaction execution and enhancing service experience.

IV. Core Features and Business Characteristics

1. Import L/C: supports pre-issuance drafting, issuance, amendment, and document receipt of L/C.

2. Export L/C: supports credit advising, document examination, document presentation, and related processes of L/C.

V. Application Cases

Company A, a leading domestic advanced manufacturing enterprise, planned to procure production equipment worth RMB 5 million. At 10:00 AM, Company A submitted an L/C issuance application to Bank B through the CIPS International Letter of Credit Service; by 3:00 PM the same day, the system confirmed Bank B's successful issuance of the international L/C.

Company A stated that previously, L/C issuance required preparing paper documents in advance, and multiple visits to bank branches with corporate seals, often necessitating repeated revisions due to incomplete materials. After deploying the CIPS International Letter of Credit Service, users simply upload electronic documents via their corporate system, automatically validated before one-click L/C application submission, while synchronously receiving digital processing confirmations, achieving end-to-end online processing from application to receipt. A staff member commented: ''Previously, tracking progress required repeated phone calls while awaiting receipts. Now, we monitor transaction status in real-time directly from our office.'' Additionally, leveraging CIPS's unified interface, partner banks with activated service capabilities can directly process transactions without redundant system development. This collaboration with Bank B marks Company A's inaugural adoption of the CIPS International Letter of Credit Service, with plans to expand LC transaction collaborations through the CIPS platform with global banking partners.

VI. Service Manager and Contact Information

Shi Lei 021-63121279

cpb@cips.com.cn

I. Product Introduction

Payment Route Guide is a service introduced by CIPS Co, Ltd (the Company) to address market concerns such as asymmetrical cross-border RMB payment Payment Route information, incomplete Payment Routes, delayed updates, and unsuccessful payments resulting from Payment Route errors. It efficiently facilitates RMB remittances to the intended destination promptly, effectively, and accurately. This service effectively tackles the challenges faced by financial institutions, particularly small and medium-sized ones, in conducting cross-border business.

II. Applicable Scenarios

This service is suitable for those who wish to enhance their business development by utilizing payment route data, including CIPS participants, financial institutions, enterprises, and other entities involved in cross-border RMB transactions.

III. Target Customers

CIPS participants, financial institutions, and enterprises with need for cross-border payment.

IV. Product Features

Extensive coverage: It spans over 190 countries and regions worldwide, comprising more than 5,000 banking institutions.

High quality: Collaborate with participants to collectively maintain payment route data, offer dynamic data update, promptly update valid routes, remove invalid routes, and ensure the quality of payment route data.

Enhanced customer experience: Offer payment route inquiries, intelligent recommendations, auxiliary information, visual displays, and other functions to enhance overall user experience.

Extensive scenarios: Provide services through multiple channels, such as an app, a web version, an API, and a message data set interface. It allows for quick queries on mobile phones and can be integrated into internal systems to seamlessly work with other business systems. This facilitates flexible usage by market institutions in various business scenarios.

V. Main Functions

1. Optimal Payment Routes. Provide customers with efficient, convenient, and accurate inquiry services for cross-border payment routes. This includes displaying detailed information such as recommendations for all possible routes, preferred route suggestions, route lengths, usage frequency, etc., to assist customers in selecting the fastest payment routes.

2. Collaborative development of Payment Routes. CIPS and CIPS participants work together to maintain data on payment routes, establish a mechanism for dynamic data updates, and provide high-quality information on payment routes.

3. Inquiry about CIPS participants' information. Provide customers with information services including the CIPS ID corresponding to CIPS participants, CNAPS Code, Legal Entity Identifier (LEI), Business Identification Code (BIC Code), Chinese and English names, as well as direct and indirect participation relationships.

4. Message Assistant. Improve business processing efficiency and save costs by providing front-line operators with accurate CIPS remittance element entry guidance through the CIPS message filling standard function.

VI. Service Manager and Contact Information

Hu Maozhi 021-23012947; Lin Fengming 021-23012941

Email: sjb@cips.com.cn

I. Product Introduction

Data Insights offers participants access to in-house business statistics queries, multi-dimensional and multi-perspective analysis tools for business data, as well as customized data service reports and visual data display functions. Created by a team of professional data analysts, the product is built on a unified framework for cross-border business data analysis and indicator system to cater to the daily needs of participants in terms of data queries, statistics, and analysis.

II. Applicable Scenarios

This product is suitable for business personnel to conduct multi-dimensional analysis of the institution's business situation.

III. Target Customers

CIPS participants.

IV. Key Features

Authoritative data: Based on the actual settlement operations of CIPS, the data is both authoritative and reliable.

Appropriate indicators: The data indicators system is well-structured and the data is easily comparable and comprehensible.

Intuitive interface: The interface is user-friendly and packed with content, while business analysis (BI) tools are implemented to achieve data indicators' visualization, intuitiveness, and concreteness, ultimately empowering users to comprehend the overall situation and enhance decision-making efficiency.

Rich in content: It encompasses various dimensions of data content, including time series, countries/regions, business types, and running accounts, which can be tailored to meet the unique needs of participants.

V. Main Functions

1. Operational statistics. In a visualized manner, efficiently retrieve the business statistics information related to payments, receipts, refunds, inquiries, and verification for both the institution and its agent banks.

2. Data analysis. Visualize and display operational data from CIPS participants, allowing for flexible selection of time periods, countries/regions, business types, and running accounts for retrieving multi-dimensional data.

3. Customized data analysis and reporting. Provide professional and tailor-made services for a wide range of data requirements from institutions, enabling the freedom to choose statistical indicators, dimensions, and more based on individual needs.

VI. Manager of Services and Contact Information

Hu Maozhi 021-23012947; Lin Fengming 021-23012941

Email: sjb@cips.com.cn