On December 17, 2020, the science and Technology Department of the people's Bank of China issued the interface message specification v1.0 of RMB cross border collection and payment information management system (second generation), which officially launched the submission of RCPMIS II. The blink of an eye has come to may 2022, less than two months from the switching time required by the people's Bank of China. It is believed that the R & D and testing work of each bank has entered the final sprint stage, or the testing work has been completed and waiting for switching.

In the last two months, in addition to the in-line testing, what else do we need to do? In order to ensure the smooth and orderly launch of the system, what should the whole switching plan be like? Riking has sorted out three things you need to pay attention to before going online. I hope it can be helpful to you.

1、System joint commissioning and acceptance

RCPMIS II is divided into two submission methods: direct connection and inter connection. For banks connected to the PBC RCPMIS system through direct connection, the PBC has mandatory system joint commissioning requirements for direct connection submission, while for banks connected through inter connection, they can voluntarily participate in joint commissioning according to their own needs. The RCPMIS system developers of the people's Bank of China conducted publicity to banks in January this year and conducted joint commissioning of open systems in three batches. At present, according to the test plan, the third batch of joint commissioning banks have started the system acceptance. Riking has sorted out some common points for attention in the acceptance:

Q: There are so many businesses on the joint commissioning application form, do all need to be accepted?

A: 9111, 9033 / 9034 and 9120 are businesses that must be checked. 2187 needs to judge whether to submit through the dump interface. If it is submitted through the dump interface, it should be checked. If it is submitted through the RCPMIS web system, it should not be checked. Other businesses are accepted according to the businesses checked in the application form. If the sub information of individual business is not supported, it needs to be explained in the signature part of the application form.

Q: Is it necessary to check and accept the access through inter link file upload?

A: It can support joint commissioning without acceptance, and only the interface access mode needs acceptance.

Q: Some of our statements do not have business at present, but there may be business in the future. Do you need to apply for joint debugging of such statements? If you don't apply for joint debugging, can you submit it directly once subsequent business occurs?

A: As long as the selected business can be submitted successfully, it will be accepted. Subsequent business expansion requires re acceptance.

Q: Which businesses need to submit an application on the web page before changing or revoking, and the message can be submitted only after it is approved?

A: At present, the joint commissioning environment is configured with three businesses: 2104, 2119 and 2121. The specific production configurations are subject to production.

Q: The declaration number of 2112 must exist in 2101. Will 2112 be automatically revoked when we submit the revocation of 2101, or do we need to withdraw 2112 first and then revoke 2101?

A: 2112 needs to be revoked first and then 2101. It will not be revoked automatically.

2、 On site acceptance of the people's Bank of China

Institutions that access RCPMIS II through direct connection shall, according to the requirements of the notice of the macro Prudential administration of the people's Bank of China on direct connection of RMB cross border collection and payment information management system (second generation) and related matters, take the legal person (or the main reporting bank) as the unit after completing the internal system development and joint commissioning test, Submit application materials to the branch above the central branch of the provincial capital (capital) city of the people's Bank of China (hereinafter referred to as the branch of the people's Bank of China in the place of registration) for acceptance.

Application materials include:

1) System access application;

2) Record information form of direct connection of the second generation RMB cross border collection and payment information management system.

Acceptance contents include:

1) Whether the key fields of the direct message come from the business system, and whether manual modification is allowed in the process of extracting from the business system to the information submission system and from the information submission system to RCPMIS;

2) Whether the necessary internal control system has been established and the timeliness requirements of data submission have been met technically;

3) Whether the direct message conforms to the interface specification and business logic;

4) Whether relevant systems are established and technically ensure that the abnormal feedback documents of RCPMIS can be handled in time;

5) Whether there is a feasible emergency plan for data submission.

Institutions that access RCPMIS II through inter connection shall submit the application for system acceptance to the branch above the central branch of the provincial capital (capital) city of the people's Bank of China (hereinafter referred to as the branch of the people's Bank of China in the place of registration) after completing the system preparation and internal test according to the requirements of the notice on the connection workflow between RMB collection and payment information management systems (second generation) issued by Yin Hong Shen [2021] No. 1044.

Application materials include:

1) Application form for on-site acceptance of inter connection into RCPMIS (second generation);

2) Acceptance application report of inter connected RCPMIS second generation system.

Acceptance contents include:

1) Data accuracy, i.e. whether various business information sent by the message meets the requirements of information submission specification, whether all elements of the message information sent are filled in accurately, and whether the source data sent by the message (including basic information such as business occurrence date, amount and customer name) is consistent with the business data;

2) Data integrity, such as whether the relevant messages involved in a specific business scenario are submitted, whether the information elements of each message are completed, and whether the message can be uploaded successfully;

3) Timeliness of submission, that is, the sending time of the message complies with the relevant provisions of the people's Bank of China.

*It should be noted that Shanghai is currently affected by the epidemic, and the acceptance work will be arranged after returning to work.

3.Historical data migration and parallel arrangement

In order to ensure the smooth and orderly transition of the first and second generation, the PBC arranged the migration of the first and second generation of PBC end data and the parallel arrangement after switching to online.

The specific scheme of data migration is:

The development company will complete the migration of the first and second generation data by the people's Bank of China, and the bank will carry out the data migration itself according to the actual needs. According to the information currently available, for the data submitted by the first generation, the people's Bank of China is allowed to directly renew part of the reports on the basis of the first generation. The remaining reports need to be resubmitted by the second generation after canceling the original message of the first generation. The list of renewable reports is as follows:

At the same time, riking suggests that in addition to the above eight tables, banks can consider migrating 2180 financial derivatives transaction information, because there is a field "original transaction declaration number" in the second generation message 2181 derivatives valuation information, and there is correlation verification with 2180 declaration number. In order to ensure the quality of bank data submission, RCPMIS II system developed by riking has cross table verification of 2180 and 2181. If the data migration of 2180 report can effectively avoid the occurrence of submission errors.

After completing all the online preparations such as acceptance and data migration, the bank can switch to the second generation online after receiving the notice of acceptance from the people's Bank of China. According to the current arrangement, the final switching time is set on June 30, 2022. Before that, the first and second generation systems of the people's Bank of China will operate in parallel. After switching to the online, the bank should use the second generation system as the main submission method, and the first generation system will remain in operation.

The above is RCPMIS II online tips carefully sorted out by riking for all bank friends. I hope it can help you. Finally, I also wish you a smooth online!

4. Contact us

Today, riking has provided mature and reliable regulatory compliance solutions for hundreds of financial institutions at home and abroad. In the future, riking will work for more partners to jointly promote the digital development of regulatory technology and improve the quality of financial services. If you have relevant business needs, you can call directly for more details. We will provide policy consultation, system development, technical support and other services according to your needs.

Tel: 400-921-0806