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.

The newsletter covers:

  • What is CHAPS?
  • My personal 35+ year association with CHAPS
  • 1983 BC (Before CHAPS)
  • Clearing House Automated Payment System but no STP
  • The official history of CHAPS
  • Move to Real Time Gross Settlement in 1996
  • CHAPS Today
  • CHAPS Statistics
  • Volumes 1990 to 2019
  • RTGS Renewal Programme
  • Further Reading

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