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Series

CHAPS Co Website

Catalogue reference: T 662

What's it about?

T 662

This series contains dated gathered versions (or 'snapshots') of the CHAPS Co website. [Please note: These records may be accessed via the UK Government Web Archive].

Full description and record details

Reference
T 662
Title
CHAPS Co Website
Date
From 2012
Description

This series contains dated gathered versions (or 'snapshots') of the CHAPS Co website. [Please note: These records may be accessed via the UK Government Web Archive].

Arrangement

Please see information at Divisional level.

Held by
The National Archives, Kew
Legal status
Public Record(s)
Language
English
Creator(s)
  • Bank of England, 1694-1694
  • Treasury, 1667-1667
Physical description
archived website(s)
Access conditions
Open
Immediate source of acquisition
Gathered from original website.
Accruals
Future website versions may be anticipated.
Administrative / biographical background

CHAPS (Clearing House Automated Payment System) is a sterling same-day system that is used to settle high-value wholesale payments as well as time-critical, lower-value payments like buying or paying a deposit on a property.

CHAPS was originally established in London in February 1984 by the Bankers Clearing House. In December 1985 it transferred to the CHAPS and Town Clearing Company Limited. This company also operated the 'town clearing' system, where cheques cleared the same day between the 'town' bank branches in central London; 'town clearing' had been the forerunner of the CHAPS system and was finally closed in 1995. With the closure of the town clearing, the operating company was renamed to CHAPS Clearing Company Limited (informally 'CHAPS Co'). Responsibility for the CHAPS system transferred to the Bank of England in November 2017.

Record URL
https://beta.nationalarchives.gov.uk/catalogue/id/C16597663/

Catalogue hierarchy

Over 27 million records

This record is held at The National Archives, Kew

324,581 records

Within the department: T

Records created or inherited by HM Treasury

You are currently looking at the series: T 662

CHAPS Co Website