CHAPS: The UK's RTGS
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In this week’s subscriber edition of Payments, Payments, Payments we take a look at the UK’s Real Time Gross Settlement (RTGS) system operated by the Bank of England.
Having already looked at Bacs and Faster Payments in last two subscriber newsletters it seems natural to consider CHAPS.
What is CHAPS?
The Bank of England describe CHAPS as:
CHAPS is a sterl…
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