The Research On The Management Of The People's Bank Of China Changsha Center Sub-branch Cash Clearing Operations Outsourcing

Cash Clearing refers to using standard parameter programmatic mechanical for sorting, recognizing and also distribute damaged and non-damaged cash. Cash Clearing is the most important way to help monetary operation and improve cash clean. People's bank of China and some of commercial banks engage in specialized cash distribution since Cash Clearing starts. However, with China's rapid economic development, the amount of cash in circulation is growing RMB, to return cash sorting tasks increasingly difficult, the existing clearing capabilities and model will become increasingly inadequate to meet the needs of currency in circulation.Professional financial external agencies provide financial service for non-core business could help financial institutions not only on cost saving but also obtain the latest standard management process. In this way, the financial institutions could focus on core business and improve their competitiveness.In this paper, People's Bank of China Changsha Central Sub-branch cash clearing outsourcing management as a case study. First of all, based on the Cash Clearing business ‘overview and existing issues in People's Bank of China Changsha Central Sub-branch, we depth analysis of the cash clearing outsourcing advantages and disadvantages; secondly, on the basis of the developed countries outsource sorting analysis of relevant experience, combined with the practical and the People's Bank of China's currency-related regulatory requirements, the cost analysis, organization and management, supervision and evaluation etc., made cash clearing outsourcing design;Finally, around cash clearing outsourcing risk exists, elaborated measures on risk prevention, emergency management and other areas, and the expected results of the outsourcing were Prospect.In this paper, through the research and design of cash clearing outsourcing,provides a better solution for the People's Bank of China Changsha Central Sub-branch cash clearing business and RMB cash supply and clean quality, provide a reference for the relevant business, in other areas of Hunan province. Meanwhile, has a certain practical significance to maintain the RMB credit and the national currency image.