Domestic Payment (CN)

China Domestic Payments are made from one CN domiciled CNY account to another CN domiciled CNY account. Domestic Payments are submitted in batches. A batch can contain one to 25,000 payment instructions to a maximum value of $99,999,999,999.99. Refer to cut-off times for payment processing and cut-off times.

Methods of creating CN Domestic Payments:

• Upload a file
• Use a payment template
• Use a past payment
• Use the Create Payment screen - see below:

To create a Domestic Payment from the Create Payment screen, go to the Create Payment screen, click Domestic Payment or Domestic Salary Payment and complete the sections below.

Beneficiary Details

To reduce the risk of fraud, ANZ recommends you always confirm beneficiary details when processing a payment.

1. Click Add to add a payment instruction to the list
   
2. Add Beneficiary
   Add Beneficiary from your Payee List

   Click in the Beneficiary Name field and select a beneficiary from the drop-down list. You can also use the Search Beneficiaries feature to find a beneficiary in your Payee List.
   Add New Beneficiary

   1. Click in the Beneficiary Name field and click Add New Beneficiary
      If Add New Beneficiary isn't visible, you do not have entitlements to create payees.
   2. Enter Beneficiary Name
   3. If you are adding the beneficiary to your Payee List, enter the Beneficiary Name (Local Language)
   4. Enter the beneficiary's Account Number
   5. Select an Account Type (Resident Individual, Non-Resident Individual, Resident Corporate, Non-Resident Corporate)
   6. If you are sending a Beneficiary Advice, enter an Email Address
   7. Enter the Address and City where the beneficiary resides
   8. Select the beneficiary's Country from the drop-down list
   9. Select the applicable Clearing Code from the drop-down list. The options available are based on the Country of the beneficiary.
   10. Click on the Search icon to display the Find a Clearing Code pop-up window
       
   11. Enter one or more search criteria and click Search
       
   12. Select the beneficiary bank from the search results list
   13. Click Add this beneficiary to Address Book if you will be paying this beneficiary again
       
   14. Click Proceed
3. Enter the Amount to pay the beneficiary
4. Click Beneficiary Payment Details to update the following:
   Payment Details & Charges

   1. If required, change the Payment Method for the beneficiary
   2. Select who will incur the transfer charges associated with the payment: 
      • BEN: the beneficiary pays all transfer charges and receives the payment minus the transfer charges 
      • OUR: you pay all transfer charges and the beneficiary receives the full amount of the payment
      • SHA: you pay outgoing transfer charges and the beneficiary pays the correspondent bank charges. The beneficiary will receive the payment minus the correspondent bank charges. 
      Available if the Payment Method is High Value Payment System (HVPS).
   3. If required, update the Client Reference. This field can be up to 16 characters and will appear as part of the narrative on the debit account and beneficiary's statements and on payment reports. 
   4. Enter a Credit Statement Narrative up to 160 characters that will appear as part of the narrative on the beneficiary's statement
   FX Details (required if debit and credit currencies are different and Individual Debits is selected)

   Using a carded rate to fund the payment? No action is required, just leave the Rate Type as is.

   

   Using a Contract to fund the payment? Follow the steps below.

   To obtain an FX Contract, contact your local ANZ Markets dealer. Contracts will appear in ANZ Transactive – Global for selection after they have been booked.

   1. Select Contract from the Rate Type drop-down list
      
   2. Click Add FX Contracts
   3. Select one or more FX Contracts to add to the payment and click OK
      
      Up to five Contracts can be added unless you select Use Dynamic Rate for Remaining Amount. In this case, only four Contracts can be added.
   4. Select the Use Dynamic Rate for Remaining Amount checkbox if you need additional funds not covered by the FX Contract(s).
   Remittance Information (optional)

   • Enter Invoice Details up to 80 x 60 lines of information that will appear on the Beneficiary Advice and the Payment Detail Report
   • Enter Instruction Remarks
     Available if Payment Method is Low Value Payment or High Value Payment
   • Tick the Email Beneficiary Advice checkbox and enter an email address where the Beneficiary Advice will be sent to
     • You cannot edit the email address if the checkbox is not ticked
     • Pre-populated email addresses are derived from the beneficiary details in the Payee List
     • A sample Beneficiary Advice can be found here
   Supporting Documents

   Complete this section if you need to upload a file to accompany your payment. Click Attach Document to find and attach the required file.

   A maximum of five files can be uploaded. The total size of all files cannot exceed 5MB. The supported file extensions are doc, docx, jpg, jpeg and pdf.
   Additional Information

   If your beneficiary requires additional regulatory information, complete this section. Mandatory fields are marked with an asterisk.

   If you complete the BOP form in ANZ Transactive - Global, you do not need to provide a hard copy of the form to the Bank.

   FIELD	HOW TO COMPLETE
   Provided BOP form manually to bank	If you have provided the BOP (Balance Of Payments) form manually to the bank, select this checkbox. NOTE: If selected the remaining fields will no longer be visible.
   Amount in Words*	Enter the amount of the payment in words. NOTE: This will be auto-populated in English if an amount has been entered.
   BOP Transaction Code 1*	Select the appropriate BOP Transaction Code.
   BOP Transaction Description 1*	This will be auto-populated based on the BOP Transaction Code 1 selected. You can update the description if required.
   BOP CCY1*	This will be auto-populated based on the Payment Currency or Debit Currency being used.
   BOP Amount 1*	Enter the BOP Amount for BOP Transaction Code 1.
   BOP Transaction Code 2	If required, select the appropriate BOP Transaction Code. NOTE: This needs to be a different Transaction Code to BOP Transaction Code 1.
   BOP Transaction Description 2	This will be auto-populated based on the BOP Transaction Code 2 selected. You can update the description if required.
   BOP CCY 2	If you are using BOP Amount 2, enter the transaction currency.
   BOP Amount 2	Enter the BOP Amount 2 for BOP Transaction Code 2. NOTE: BOP Amount 1 plus BOP Amount 2 should equal the total BOP amount.
   Unit Code*	Enter the 9 digit Unit Code of your organisation.
   Beneficiary Resident Country/Region Name*	This will be auto-populated based on the remitter’s bank country name.
   Beneficiary Resident Country/Region Code*	This will be auto-populated based on the remitter’s bank country name.
   Payment Nature*	Select the nature of the payment from the drop-down list. NOTE: This should be based on the declaration document.
   Tax Free Goods*	Select Yes or No.
   Type of Payment*	Select the type of payment from the drop down list.
   Contract Number*	If there is a contract for this transaction, enter the Contract Number or enter "N/A".
   Invoice Number*	If there is an invoice for this transaction, enter the Invoice Number or enter "N/A".
   Safe Batch/Registration Number	Enter the 20 digit Safe Batch/Registration Number or enter "N/A".
   BOP Reporting Type*	Select the BOP reporting type from the drop-down list.

5. Repeat above steps to add each beneficiary to the payment

To remove one or more payment instructions from the list, tick the checkbox next to the instruction number and click Remove.

FX Details (complete if debit and credit currencies are different and Individual Debits is not selected)

Using a carded rate to fund the payment? No action is required, just leave the Rate Type as is.

Using a Contract to fund the payment? Follow the steps below.

To obtain an FX Contract, contact your local ANZ Markets dealer. Contracts will appear in ANZ Transactive – Global for selection after they have been booked.

1. Select Contract from the Rate Type drop-down list
   
2. Click Add FX Contracts
3. Select one or more FX Contracts to add to the payment and click OK
   
   Up to five Contracts can be added unless you select Use Dynamic Rate for Remaining Amount. In this case, only four Contracts can be added.
4. Select the Use Dynamic Rate for Remaining Amount checkbox if you need additional funds not covered by the FX Contract(s).