Clearing House Automated Payments System

/ˌklɪərɪŋ haυs ˌɔ:təmeɪtɪd 'peɪmənts ˌsɪstəm/ noun
a computerised system which is organised by the banks and used for clearing cheques.
Abbreviation CHAPS

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • Clearing House Automated Payments System — ( CHAPS) A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment… …   Financial and business terms

  • CLEARING HOUSE AUTOMATED PAYMENTS SYSTEM — (CHAPS) система электронных клиринговых расчетовкомпьютеризированная клиринговая система для стерлинговых денежных операций; действует с 1984 г. и включает в себя 14 банков членов Ассоциации расчетных палат и около 450 банков участников. Входит в …   Словарь электронного бизнеса

  • Clearing House Automated Payments System - CHAPS — A British company that facilitates the trading of European currency. CHAPS provides same day fund transfers for the sterling and the euro. CHAPS transfers are used when money needs to be moved from one account to another. CHAPS transfers are… …   Investment dictionary

  • Clearing House Automated Payment System — ˌClearing House ˌAutomated ˈPayment ˌSystem abbreviation CHAPS noun BANKING a system for making payments between different banks in Britain and Europe …   Financial and business terms

  • Clearing House Automated Transfer System — The Clearing House Automated Transfer System, or CHATS, is a Real Time Gross Settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a private company jointly owned by the Hong Kong …   Wikipedia

  • Clearing house (finance) — A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions. These transactions may be executed on a futures exchange or securities exchange, as… …   Wikipedia

  • Clearing House Association, LLC — The Clearing House Association, LLC is the nation’s oldest banking association representing 17 of the world s largest commercial banks, which collectively employ over 2 million people and hold more than half of all U.S. deposits. It is a… …   Wikipedia

  • Automated Clearing House — (ACH) is the name of an electronic network for financial transactions in the United States. ACH processes large volumes of both credit and debit transactions which are originated in batches. Rules and regulations governing the ACH network are… …   Wikipedia

  • clearing house — An adjunct to a futures exchange through which transactions executed on its floor where trades are settled by a process of matching purchases and sales. A clearing organization is also charged with the proper conduct of delivery procedures and… …   Financial and business terms

  • Automated Clearing House - ACH — An electronic funds transfer system run by the National Automated Clearing House Association. This payment system deals with payroll, direct deposit, tax refunds, consumer bills, tax payments and many more payment services. The use of electronic… …   Investment dictionary

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