BNP Paribas Disaster Recovery Run on 5 October 2018 - BNP Paribas China
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August 27, 2018 -

BNP Paribas Disaster Recovery Run on 5 October 2018

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Dear customer,

Please be informed that, in order to ensure the quality and stability of the Bank’s services, the Bank will be conducting Disaster Recovery Exercise of banking system on 5 October 2018 according to regulatory requirements. With this exercise, 5 October 2018 will be declared as a normal business day for the Bank.

With regard to the cash pooling service the Bank is providing, this exercise will have below impacts on clients’ accounts and reports:

  • If reverse sweeping is set up, reverse sweeping for sweeping entries on previous working day (30 September 2018) will take place on 5 October 2018.
  • Entrust loan interest under cash pooling for September will be settled on 5 October 2018.
  • Sweeping will take place based on cash pool account balance at the end of day of 5 October 2018.
  • Cash pool daily and monthly reports and advices as of 30 September 2018 will be sent to clients on 5 October 2018, and cash pool reports and advices for the activities on 5 October 2018 will be sent to clients on 8 October 2018.

With regard to payment service the Bank is providing, this exercise will have below impacts on clients’ accounts and reports:

For Outward Low-value Payment (LVP) / Bulk Payment (24×7)

  • Fund will be debited.
  • For payment executed on 5 October 2018, client advice will be sent.
  • MT942 and MT940 will be generated and sent to Connexis Cash.

For Outward Cross border – TT (non-CNY)

  • Client account will be debited.
  • Client advice dated 5 October 2018 will be sent.
  • MT942 and MT940 will be generated.
  • MT950 will be generated.

If you have any concern on above-mentioned impacts, please contact your Relationship Manager or Client service hotline (+86 21 28962626)in the Bank.