Clearing House Automated Payment System: Difference between revisions
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imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
imported>John Grout No edit summary |
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(CHAPS) | (CHAPS) | ||
''Funds transfer'' | |||
As a result of its migration to a new platform, it | A UK-based payment system for high-value, sterling real time gross settlement of transactions ([[RTGS]]) operated by the Bank of England through a subsidiary. It also offered euro payments but this service was discontinued in 2008. | ||
It uses the [[MIRS]] settlement system back-up system offered by [[SWIFT]] as its offshore, distributed processing back-up. | |||
As a result of its migration to a new platform, it was for a while also called NewCHAPS. | |||
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* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
[[Category:Technical_skills]] | |||
[[Category:Treasury_operations]] | |||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
[[Category:Technology]] | |||
Revision as of 12:37, 25 March 2015
(CHAPS)
Funds transfer
A UK-based payment system for high-value, sterling real time gross settlement of transactions (RTGS) operated by the Bank of England through a subsidiary. It also offered euro payments but this service was discontinued in 2008.
It uses the MIRS settlement system back-up system offered by SWIFT as its offshore, distributed processing back-up.
As a result of its migration to a new platform, it was for a while also called NewCHAPS.
