"Netting"means International Members to net the difference of proceeds and payments with SGEI.

国际会员就其在交易所买卖的成交差额与国际中心进行净额清算。

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BEPS is a bilateral netting payment system in China. Based on the CNAPS infrastructure, it is used for the processing of low-value electronic payments (under RMB 20,000).

BEPS系统是中国的一个双边净额支付系统，它基于中国国家现代支付系统(CNAPS)的基础设施，用来处理小额(低于20,000元人民币)的电子支付。

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The process, known as netting, allows approved companies to consolidate intra-group payments and receipts into a single, "netted, " amount, significantly reducing the time and cost of processing each individual payment.

WSJ: Business Asia: The Quietly International Yuan