CHAPS
The Clearing House Automated Payment System (CHAPS) is the UK's high-value, real-time gross settlement (RTGS) clearing system for sterling-denominated payments, managed by the Bank of England. It is used for high-value transactions that require absolute settlement finality on the same day.
Aliases: Clearing House Automated Payment System
Standards & Citations
- 🌐 ISO 9362 / ISO 13616: International standards for financial identifiers (ISO OBP).
- 🏢 SWIFT Registration Authority: Designated ISO registration authority (swift.com).
- 📂 swiftbic.org Data Register: Provenance registry for bank code data (Data Sources).