What does the cryptic crossword clue "Folding elegantly, banking system backed mate in Paris (7)" mean?

The definition is "Folding". The wordplay uses a reversal. GIRO (reversal="banking system") + AMI (synonym="French for friend – ‘mate in Paris’") = ORIGAMI; definition: "Folding" The answer is ORIGAMI.

Folding elegantly, banking system backed mate in Paris (7)

Independent Cryptic #11691 | 18 Down | 2024-03-30 flower

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