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International Settlement System

The system, with its excellent business models, employs advanced distributed architecture with blockchain and AI technologies to fully support international business development, operation, and management.

Overview

GienTech's International Settlement System possesses high-level intelligence and automation. It is a key system for banks to organize jobs, process jobs, manage businesses, and control risks in regard to international settlement and trade finance. After 27 years' development, the system has iterated to the fifth generation and has been widely used in Chinese mainland, Hong Kong SAR, Macao SAR and the Taiwan Region of China. The system also supports the development of foreign exchange businesses. In China, more than 45% of corporate banks that conduct business internationally use our system, and the related annual settlement volume approaches nearly USD 1 trillion.

Application scenarios
International settlement

The system can be used to handle all kinds of settlement businesses such as cross-border foreign exchange remittance, settlement and sale of foreign exchange, international letter of credit, documentation collection, cross-border RMB business. On the system, users can complete the process management, business data management, management of communications, expense and accounting settlement, foreign exchange supervision and reporting, anti-money laundering, and data analysis with respect to the aforementioned businesses.

Settlement by domestic letter of credit

The system can be used to handle the issuance and notification of domestic letter of credit and related businesses. Traditional domestic letter of credit (offline) and PBC domestic electronic letter of credit can be handled. This facilitates efficient, automatic, and intelligent processing for various types of businesses such as letter-of-credit issuance in and out of banks.

Foreign guarantees

The system can be used to handle businesses related to foreign letter of guarantee such as issuance and notification. The system can be used to automatically generate, send, receive, and parse MT 760 and other messages, as well as comprehensively manage the validation, reduction, claim, and payout of foreign letter of guarantee.

Foreign exchange funds

The system can be used to connect to the foreign exchange trade center to automatically initiate and process business transactions such as position closing for the settlement and sale of foreign exchange, foreign exchange funds borrowing and lending, foreign exchange funds deposit, foreign exchange trading, and manage foreign exchange funds positions.

Trade financing

The system can be used to handle traditional trade financing such as letter-of-credit packing loans, import/export bill advance, import/export refinancing, credit insurance financing, export tax refund loans and other financing businesses such as forfaiting (self-holding/immediate resale/intermediary/agent), pool financing, and factoring. The system can efficiently complete the processes including professional audit, financing issuance, financing return, and financing management.

Advantages
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