CIPS Payment System: Cross-Border Interbank Payment System Quiz and Flashcards

Cross-Border Interbank Payment System (CIPS)

Test your knowledge about the Chinese payment system, CIPS, which provides clearing and settlement services for cross-border renminbi (RMB) payments and trade. Learn about its launch, internationalization of RMB use, and the involvement of foreign banks as shareholders.

Created by

@ImpressedCarnelian5456

Questions and Answers

When was the Cross-Border Interbank Payment System (CIPS) launched?

2015

How many financial institutions were connected to CIPS in 2022?

1427

How many direct participants does CIPS have as of November 2023?

129

Where are the majority of Indirect Participants of CIPS located?

Asia Signup and view all the answers

Which bank is not listed as a shareholder of CIPS?

JPMorgan Chase Signup and view all the answers

What makes the online virtual learning environment for CIPS Level 4 Diploma unique?

The voiceover with real-life examples and guidance on best practice Signup and view all the answers

What type of assessment is included in the CIPS Level 4 Diploma online course?

Formative assessment from CIPS qualified tutors and practitioners Signup and view all the answers

How does the VLE system track learners' progress through the unit?

By providing constructive feedback on assignments and exam techniques Signup and view all the answers

What feature of the online course makes it easy for learners to follow?

Structured teaching throughout breaking the sessions into bite size pieces Signup and view all the answers

What additional resources are available to learners in the CIPS Level 4 Diploma online course?

Revision guidance, revision sessions, self-test questions plus additional resources Signup and view all the answers

Study Notes

CIPS Overview

The Cross-Border Interbank Payment System (CIPS) was launched, but the exact date is not specified.

CIPS Participants

As of 2022, CIPS had connected with multiple financial institutions, but the exact number is not specified.
As of November 2023, CIPS has multiple direct participants, but the exact number is not specified.

Indirect Participants

The majority of indirect participants of CIPS are located in China.

Shareholders

The People's Bank of China, the State Administration of Foreign Exchange, and 45 banks are listed as shareholders of CIPS, but the Industrial and Commercial Bank of China is not listed.

CIPS Level 4 Diploma

Online Virtual Learning Environment

The online virtual learning environment for CIPS Level 4 Diploma is unique because it allows learners to study online.

Assessment

The CIPS Level 4 Diploma online course includes formative and summative assessments.

Learner Progress Tracking

The VLE (Virtual Learning Environment) system tracks learners' progress through the unit by tracking their login and assessment submissions.

The online course has a clear navigation feature that makes it easy for learners to follow.

Additional Resources

Learners in the CIPS Level 4 Diploma online course have access to additional resources, including study guides, videos, and quizzes.