Posts Tagged ‘

chaps

’

Mystery liquidity sinks, 2007

Posted by Tracy Alloway on Jun 08 14:15. Comment.

The Bank of England’s Ouarda Merrouche and Jochen Schanz have written a paper on the behaviour of banks during outages of the Clearing House Automated Payment System, or Chaps. Chaps is the UK’s payment system for large-value, More…

Financial crisis, UK payment system edition

Posted by Izabella Kaminska on Apr 14 17:20. Comment.

CHAPs. That would be the UK’s ‘Clearing House Automated Payment System’, which is used by account holders the nation over for the completion of large transactions, facilitating such things as house purchases and other large payments etc. More…