Clearing = Bookkeeping
Clearing =
Settlement Settlement = Transfer
Kiyobun:
10:01 Beijing time
Remit 300W from the business hall of Bank A, xxx Road, Xicheng District, Beijing to the business hall of Bank B, xxx Road, Huangpu District, Shanghai
Remit 2600 yuan from the business hall of Bank B, xxx Road, Shapingba District, Chongqing to the sub-branch of xxxA, Jianghan District, Wuhan City, etc.
The transaction information of Bank A and Bank B all over the country at this moment will be recorded one by one by the clearing centers of the people's banks at the municipal level.
Liquidation:
In the end, this information will be aggregated to the settlement center of the provincial PBOC and then aggregated by the provinces to the PBOC clearing center. Finally, it was calculated that at 10:01, the national bank A paid a total of 200 million to the B bank, and the B bank paid a total of 100 million to the A head bank. The two were offset, and the A bank paid the B bank 100 million.
Settlement:
According to the results of the account check, Bank A transferred 100 million from the reserve account of the People's Bank of China to the reserve account of Bank B. The receipts and payments of the transactions between the customers of Bank A and the customers of Bank B are summed up and filled in the 100 million yuan debited from the reserve fund account of Bank A, and the 100 million yuan added in the reserve fund account of Bank B will be distributed to the corresponding customers.
PBOC's main payment systems:
Small batch payment system:
In addition to system maintenance, it works 7X24 hours a year, and the single transaction amount is less than 5W through the system.
High-value real-time payment system:
If the amount of a single transaction is greater than 5W, it will go through this system. It will work 5X21 hours throughout the year, 5 working days from Monday to Friday, and one working day will be calculated as 23:30 to 20:30 the next day.
Online payment system:
Work 7X24 throughout the year, and a single transaction of mobile banking and online banking is less than 5W in real time.
Clearing companies like UnionPay are responsible for connecting POS card swiping, ATM inter-bank transfer, and inter-bank withdrawal into the PBOC's payment system.
Wanglian will be responsible for Alipay, WeChat, and Meituan to connect to the PBOC's payment system.