Editor's introduction: During business email list the handover process of B-end products, account docking matters will be involved. How much do you know about account docking matters of B-end financial products? The author has compiled some related basic concepts to share with you.
In the past few days, I have just been discussing account docking with the payment company. Many products on the B-side will also involve account docking, such as e-commerce trading platforms for bulk commodities and financial platforms. I will sort out some commonly used basic concepts that have been collected and learned. , one is to strengthen one's own knowledge and memory, and the other is to give some reference to those who need to know.
1. Reserve account
The account opened by the payment company in the bank is called the reserve account, and the reserve account is divided into depository accounts, payment accounts, and remittance accounts; personal accounts, corporate accounts; member sub-accounts, merchant sub-accounts, and intermediate guarantor accounts.
2. Clearing and Settlement
Liquidation: Liquidation is the equivalent of figuring out how much the parties should get, but the money is not actually given or received. The clear words mainly refer to the processing of information flow.
Settlement: It is the process of moving money, paying the other party or receiving the amount due. Settlement is the action of money flow.
For example: the concept of liquidation involves the operation of reserve funds between the bank and the People's Bank of China.
Here is a simple example to introduce the process of clearing and settlement between major banks: A uses an ICBC card to withdraw 5,000 yuan at CCB, the ATM machine feeds back information to ICBC, and the ICBC system confirms that there is a balance of 5,000 in the A card, and feeds back to CCB, CCB The ATM issued the banknotes, and the ICBC system confirmed that the balance of 5,000 was deducted, and the withdrawal was completed.