Clearing House Automated Payment System: Difference between revisions
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* [[Infrastructure]] | * [[Infrastructure]] | ||
* [[NewCHAPS]] | * [[NewCHAPS]] | ||
* [[Real-time gross settlement system]] | * [[Real-time gross settlement system]] (RTGS) | ||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
Revision as of 19:40, 26 June 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.
