Carry trade and Clearing House Automated Payment System: Difference between pages
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''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. | |||
== See also == | == See also == | ||
* [[ | * [[BACS]] | ||
* [[ | * [[Clearing House Interbank Payment System]] | ||
* [[ | * [[CREST]] | ||
* [[ | * [[Faster Payments Service]] | ||
* [[ | * [[Fedwire]] | ||
* [[ | * [[Infrastructure]] | ||
* [[ | * [[Migration]] | ||
* [[ | * [[NewCHAPS]] | ||
* [[ | * [[Platform]] | ||
* [[ | * [[Real-time gross settlement system]] (RTGS) | ||
* [[ | * [[Payments and payment systems]] | ||
* [[ | * [[Society for Worldwide Interbank Financial Telecommunications]] (SWIFT) | ||
[[Category: | [[Category:Technical_skills]] | ||
[[Category: | [[Category:Treasury_operations]] | ||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
[[Category: | [[Category:Technology]] | ||
Revision as of 16:07, 9 July 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.