In April this year, the Administration of Foreign Exchange issued the Notice on the Specifications for Foreign Exchange Business Data Collection of Financial Institutions (Version 1.3), in which several modules including BOP, ACC, FAL, etc. have been adjusted, and this part has been implemented on September 1 this year. At the same time, in the 1.3 version of the collection specification, three new contents were added, namely, the domestic transfer data between accounts of non resident institutions, the source and use data of large amount foreign exchange settlement and sales funds of institutions, and the information of accounts suspected of foreign exchange violations. This part is planned to be officially launched on January 1, 2023.
In order to better help understand and clarify the relevant content of the second phase of SAFE 1.3, the following is a summary of the second phase of Shanghai and the collection content of the new modules in 1.3 of this collection specification.
• Domestic transfer data between accounts of non resident institutions
Refers to the funds transferred from other domestic non resident accounts (including accounts with the same name) received by non resident institutions through domestic banks.
When a financial institution handles the domestic collection and payment business of a non resident institution account, it does not need the business entity to fill in the domestic collection and payment voucher. After receiving the domestic transfer funds from other non resident accounts in the accounts of non resident institutions, financial institutions shall generate basic information and management information data files according to the requirements of the Domestic Income Declaration Form and submit them to the SAFE.
• Source and use data of large amount foreign exchange settlement and sales funds of institutions
It refers to the data on the use of RMB funds obtained from the settlement of foreign exchange by resident institutions and the source of RMB funds used for the purchase of foreign exchange (including the settlement and sales of foreign exchange in the account and the direct settlement and sales of foreign exchange), that is, the data on the use of RMB funds obtained from the settlement of foreign exchange by institutions through the resident RMB account of the same financial institution and the data on the source of RMB funds used for the purchase of foreign exchange by institutions through the resident RMB account of the same financial institution.
• Account information suspected of foreign exchange violations
It refers to the data fed back by financial institutions according to the query requirements of the SAFE, including query reply information, basic account information and transaction details.
1. Account information of suspected foreign exchange violations
• Personal savings account does not need to be submitted.
• It is issued once every working day at 16:00 p.m. If the bank does not receive the inquiry instruction, it means that there is no inquiry demand on that day.
• "Source and use data of large amount foreign exchange settlement and sales funds of institutions" and "information of accounts suspected of violating foreign exchange regulations" can be submitted separately.
• In the distributed query information, when multiple fields such as entity name, entity type, ID number, query account/card number have values, financial institutions need to submit information that meets all the field requirements at the same time.
• "Whether the account has been frozen and detained through judicial investigation" refers to the current status of the account, regardless of the fact that the account has been frozen and detained but has been unfrozen. The current account status refers to the account status when the bank submits query data.
• IP and MAC address For the payee, the bank can voluntarily fill in the IP and MAC address or fill in the "payee". In the early stage, many banks proposed that some terminal devices could not capture IP and MAC addresses. In view of this situation, banks can fill in the reasons in a standardized way. The common reason is "unable to capture technically". If it is handled at ATM and other equipment, the relevant unique equipment number can be filled in.
2. Source and use data of large amount foreign exchange settlement and sales funds of institutions
• The three types of data only collect the data of bank agency business. Banks only need to submit agency business data, not proprietary business data.
• Data submission is based on the principle of "actual settlement and sales of foreign exchange", and business includes spot, forward, swap, currency swap, etc. If forward, swap, etc. only generate income swap, and no settlement and sales of foreign exchange capital delivery occurs, no reporting is required.
• Business types only include "cash deposit, cash withdrawal, domestic transfer in and domestic transfer out".
• Do not repeatedly collect BOP, data has been submitted in JSH.
• The source/use transaction data triggered by multiple foreign exchange settlement/purchase only needs to be submitted once.
3. Domestic transfer data between accounts of non resident institutions
• The collection scope of "domestic transfer data between accounts of non resident institutions" is the capital transfer data from domestic non resident institutions and domestic non resident individuals received by the Bank's non resident institutions' accounts.
• Non resident institutional accounts include NRA, FTN and OSA, and transaction currencies include local currency and foreign currency. Counterparty identification can be based on account prefix identification (NRA, FT, OSA) or "NonResident" in transaction message.
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