SMART SETTLEMENT

Smart Settlement

SMART SETTLEMENT

Cross-border Payment & Settlement, Multi-currency Clearing, and Smart Contract Automation—real-time multi-currency settlement across BRICS

CROSS-BORDER PAYMENT SYSTEM

Cross-border Payment & Settlement

CROSS-BORDER PAYMENT & SETTLEMENT SYSTEM

Cross-border payment channels across BRICS supporting real-time settlement in CNY, RUB, BRL, INR, and ZAR

📊

BRICS Live FX Board

BRICS EXCHANGE RATE MONITOR
LIVE
--:--:--
🇨🇳
CNY Chinese Yuan
CNY/USD
7.2456
▲ +0.0012
Updated at 14:32:05
🇷🇺
RUB Russian Ruble
RUB/CNY
0.0782
▼ -0.0003
Updated at 14:32:05
🇧🇷
BRL Brazilian Real
BRL/CNY
1.3867
▲ +0.0045
Updated at 14:32:05
🇮🇳
INR Indian Rupee
INR/CNY
0.0856
▲ +0.0008
Updated at 14:32:05
🇿🇦
ZAR South African Rand
ZAR/CNY
0.3892
▼ -0.0011
Updated at 14:32:05
💰
¥0
Today's settlement (100M)
📈
0
Live transactions
⚡
2.8s
Avg. settlement time
🛡️
99.8%
Success rate

SENDER

Bank of China (BOC)
¥ 1,250,000
IC
ICBC
¥ 850,000
CC
CCB
¥ 620,000
Daily volume ¥ 285M
CIIP
Cross-border Clearing Center
2.8s
Avg. settlement time

RECEIVER

🇷🇺
Sberbank
₽ 7,850,000
🇧🇷
Banco do Brasil
R$ 4,200,000
🇮🇳
State Bank of India
₹ 52,000,000
Settled today 156 txns · 99.8% success rate
Payment Initiated Rate Locked Clearing Confirmed Funds Received
MULTI-CURRENCY CLEARING & SETTLEMENT

Multi-currency Clearing

MULTI-CURRENCY CLEARING & SETTLEMENT SYSTEM

Clearing Process

CLEARING PROCESS

Receive Instruction
Position Calculation
Confirmation Complete
1
Instruction Received
Receive multi-party payment instructions and verify transaction legitimacy
2
Multi-currency Position Calculation
Calculate payables/receivables and net positions
3
Net Clearing Confirmation
Confirm net amounts and generate clearing instructions

Settlement Process

SETTLEMENT PROCESS

Fund Transfer
Receipt Confirmation
Archive & Certify
1
Fund Transfer Execution
Execute multi-currency fund transfers per clearing results
2
Receipt Confirmation
Both parties confirm receipt and generate settlement certificates
3
Settlement Archived
Blockchain certification—inmutable and traceable

Settlement Products

Core Product
💱

Multi-currency Settlement

MULTI-CURRENCY SETTLEMENT

Real-time settlement in five BRICS currencies with T+0 crediting

Real-time Low cost
Credit Enhancement
📜

Letter of Credit

LETTER OF CREDIT

Fully online L/C issuance, notification, and negotiation reduces cross-border trade risk

Secure Online
Risk Protection
🛡️

Bank Guarantee

BANK GUARANTEE

Online e-guarantees for performance, advance payment, and bid bonds secure cross-border contracts

Protected Fast

Settlement Speed & Fee Comparison

Method Settlement Time Fee Rate Use Case Currencies
Multi-currency Real-time Settlement T+0 0.05% Small trade 5 currencies
L/C Settlement T+1~T+3 0.15% Large trade 5 currencies
Guarantee Settlement T+1~T+5 0.20% Engineering contracts CNY/RUB
Traditional SWIFT T+2~T+5 0.35%+ General use All currencies
SMART CONTRACT AUTO-EXECUTION

Smart Contract Automation

SMART CONTRACT AUTO-EXECUTION

Condition-triggered auto-settlement reduces manual intervention and default risk with embedded compliance controls

Contract Execution Flow

📝 Contract Initiated INITIATE
Define trigger conditions and execution rules
🔍 Compliance Review AUDIT
AML/sanctions screening and compliance checks
✍️ Digital Signing SIGN
Dual e-signatures with timestamp certification
⚡ Condition Triggered TRIGGER
Automatic IoT/ERP/logistics data validation
💰 Auto Settlement SETTLE
Automatic fund transfer and settlement certificate generation
1,258
Active Contracts
99.9%
Execution Success Rate
0.8s
Avg. Execution Time

Auto-settlement Scenarios

📦 Scenario 1: Auto-disbursement on delivery

Goods arrive at warehouse → IoT confirms receipt → smart contract triggers → buyer payment auto-transferred to seller

⚡ Trigger: IoT warehouse confirmation
✅ Result: Payment received (T+0)
📜 Scenario 2: Auto-payment on L/C maturity

L/C maturity reached → document check → compliance passed → auto payment executed

⚡ Trigger: maturity date + complete documents
✅ Result: Auto payment to beneficiary account
🏗️ Scenario 3: Milestone auto-settlement

BIM confirms milestone → third-party inspection uploaded → contract triggers milestone payment → funds transferred to contractor

⚡ Trigger: BIM milestone + inspection passed
✅ Result: Milestone payment received
COMPLIANCE & RISK CONTROL

Compliance & Risk Control

COMPLIANCE & RISK CONTROL

Risk Control Process

End-to-end Protection
Identity Verification
List Screening
FX Compliance
Real-time Monitoring
1
AML Screening
Counterparty verification and suspicious transaction alerts
2
Sanctions Screening
OFAC/EU/UN sanctions list matching
3
FX Compliance Check
Cross-border FX regulation compliance verification
4
Tax Compliance Review
Cross-border tax filing with double taxation treaty application
5
Real-time Transaction Monitoring
Anomaly detection and large transaction reporting

Compliance Checklist

5/6 items completed
  • ✓
    KYC Customer Verification
    Know Your Customer · Approved
  • ✓
    Trade Background Verification
    Trade Background Verification · Approved
  • ✓
    AML Compliance Review
    AML Compliance · Approved
  • ✓
    Sanctions Screening
    Sanctions Screening · Approved
  • !
    FX Quota Approval
    FX Quota Approval · Pending
  • ✓
    Cross-border Data Compliance
    Cross-border Data Compliance · Approved