The new rules of the central bank are powerful! POS machine T+0 business will be hit!
The People's Bank of China recently issued a document stating that from 2018, the proportion of deposits paid by institutional customers will increase from about 20% to around 50%.
The specific measures are: 20% of the current centralized deposits will be implemented in January 2018, and will increase by 10% every month from February to April. By April 2018, the centralized deposit ratio will be adjusted to about 50%.
The adjustment of the ratio of the reserve fund will have a certain impact on the liquidity of the payment company's funds. At present, the profit brought by the T0 business to the payment company is considerable!
Although the central bank had previously banned the opening of T0 business to new merchants, it is well known that the actual actual performers are a minority, and most of them are evaded through various disguised ways!
Earlier, the People's Bank of China issued the "Notice on Strengthening Payment Settlement Management to Prevent New Efforts Related to Telecommunication Network Crimes", and the second item in the "Notice", Item 12: Strengthening the settlement management of special merchant funds.
Banks and payment institutions that provide T+0 fund settlement services for special merchants shall strengthen transaction monitoring and risk management for special merchants, and shall not provide T+0 funds for special merchants who have not entered the network for less than 90 days or have continued normal transactions for less than 30 days after entering the network. Settlement service.
From the perspective of non-financial deposits in the current central bank account, the reserve fund is about 500 billion yuan. A 10% increase in the deposit ratio will cause the bank to lose 50 billion liquidity. If the deposit ratio is increased, the bank will pay the deposit. The decline in the base, the bank's liquidity consumption will be less, and the financial side is not disturbed.
The reason why the deposits are to be deposited in a centralized manner is because the payment institutions have opened deposits in a number of banks in their own names. The size of the customer's reserves is huge and the deposits are scattered. There are a series of risks. Hidden dangers. The central bank has pointed out that
There are four main risks to the customer's reserve payment:
First, there is a risk that the customer's reserve fund will be misappropriated by the payment institution. For example, in September 2014, Guangdong Yimin Tourism and Leisure Services Co., Ltd. was involved in illegally absorbing public deposits, resulting in a capital risk exposure of 600 million yuan. In December 2014, Shanghai Changbu Enterprise Services Co., Ltd. misappropriated customers. The reserve fund incident resulted in a capital risk exposure of 780 million yuan, involving 51,400 cardholders.
Second, some payment institutions illegally occupy customer reserve funds for purchasing wealth management products or other high-risk investments.
Third, the payment institution handles cross-bank fund clearing through the provision fund account opened by each commercial bank, over-range operation, and disguise the cross-bank clearing function of the central bank or clearing organization. Even payment institutions have facilitated the provision of channels for criminal activities such as money laundering, and have also increased the risk of cross-system transmission of financial risks.
Fourth, the decentralized deposit of customer reserve funds is not conducive to the payment agency's overall fund management, and there is liquidity risk.
According to previously published data, as of the third quarter of 2016, 267 payment institutions absorbed more than RMB 460 billion in customer deposits. On average, each payment institution opens 13 customer reserve accounts, with a maximum of 70 open accounts.
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