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NRA account

NRA account

Due to the establishment of China (Chongqing) pilot Free Trade Zone, in order to meet the settlement needs of institutions in the zone, the administrative measures of the State Administration of foreign exchange on issues related to the management of domestic foreign exchange accounts of overseas institutions, the administrative measures for RMB bank settlement accounts of overseas institutions, and the notice on issues related to the opening and use of RMB bank settlement accounts of overseas institutions, etc In order to support the application of RMB NRA account in the bank's internal system, some transactions and the second generation payment system platform of our bank's integrated business system are optimized.

Program advantages:

1. The compatibility between general settlement account and NRA settlement account is realized
2. The user experience has been improved
3. Reduce the amount of code modification, save cost and reduce risk
4. Multiple platforms operate synchronously and coordinate modification, which greatly improves efficiency
5. The development environment is ordinary, reducing the development difficulty

6. It provides a better channel for banks to attract foreign customers.


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