Clearing House Automated Payment System: Difference between revisions
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imported>Doug Williamson (layout) |
imported>Doug Williamson (Layout.) |
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''Funds transfer - infrastructure''. | |||
(CHAPS). | (CHAPS). | ||
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. | 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. | ||
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* [[Faster Payments Service]] | * [[Faster Payments Service]] | ||
* [[Fedwire]] | * [[Fedwire]] | ||
* [[Infrastructure]] | |||
* [[NewCHAPS]] | * [[NewCHAPS]] | ||
* [[Real-time gross settlement system]] | * [[Real-time gross settlement system]] | ||
Revision as of 17:47, 6 January 2022
Funds transfer - infrastructure.
(CHAPS).
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.
