CHAPS is the only UK payment system that guarantees real-time finality, of any value, in "Central Bank money" as each payment instruction settles.
Why CHAPS?
CHAPS continues to be one of the largest Real-Time Gross Settlement systems (RTGS) in the world. As of July 2011 the total value processed since the start of CHAPS exceeded one quadrillion pounds.
Find out moreMembership
CHAPS' membership is international; consisting of both retail and wholesale banks. Currently CHAPS has 19 direct Members and over 4,500 indirect participants who settle their payments through CHAPS.
Find out moreHow to join
CHAPS encourages new membership applications. Its membership criteria are open and transparent and a fair pricing strategy is operated.
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