Industry WIKI

The Clearing House Automated Payment System (CHAPS) is a real-time gross settlement payment system used for sterling transactions in the United Kingdom. It is mainly used by financial institutions to make wholesale financial payments and by large companies to make corporate treasury payments. In 2024, 52.7 million CHAPS payments were made, worth a total of £87.5 trillion. This made up ju

The Cheque and Credit Clearing Company Limited (C&CCC) is a UK membership-based industry body whose 11 members are the UK clearing banks. The company has managed the cheque clearing system in England and Wales since 1985, in all of Great Britain since 1996 when it took over responsibility for managing the Scottish cheque clearing as well, and in the whole of the United Kingdom since the