Company Overview
- Headquarters
- US
- Website
- chapsco.co.uk
- Employees
- 16
- Founded in
- 1984
- Industry
- Financial Services
Financials & Stats
Revenue
$50B
Who is CHAPS Clearing Company Ltd
CHAPS Clearing Company Limited is a company based in the United Kingdom. The company employs 16 people and generates $50 million in annual revenue. CHAPS Clearing Company Limited operates the Clearing House Automated Payment System (CHAPS), a real-time payment system that guarantees finality for any value in "Central Bank money." CHAPS serves 23 direct participants, over 5,000 financial institutions through agency arrangements, and is used by banks, building societies, and payment service providers for various transactions. CHAPS is known for its efficiency, risk-free environment, and reliability, providing a same-day payments mechanism for sterling RTGS payments. A significant portion of CHAPS's daily transactions involve wholesale payments, acting as a portal for international sterling flows. For more information, visit chapsco.co.uk.
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