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Home > Markets and Payments > RTGS volumes and values
 

RTGS volumes and values

Service availability | Volumes and values

​In its role as provider of reserves accounts and as settlement agent to the major sterling payment and securities settlement systems, the Bank operates the RTGS infrastructure as the accounting system. The infrastructure enables settlement of obligations across the Bank’s balance sheet in ‘central bank money’ for the direct participants of these systems.

The daily averages associated with each payment system that settles across RTGS are detailed in the table below.

Average daily RTGS settlement volumes and values

​Q4 2016 Q1 2017 Q2 2017 Q3 2017 YTD
​CHAPS values (£mn) ​£312,106 ​£313,515 ​£338,736 ​£334,430 £328,737​
​CHAPS volumes ​157,542 ​155,852 ​165,647 ​159,284 ​160,176​
​CREST DvP values (£mn) ​£234,179 ​£252,560 £​269,405 ​£276,443 £266,084​​
​CREST DvP volumes ​12,466 ​12,571 ​12,449 ​11,547 12,185​
​FPS net values (£mn) ​£686 ​£781 ​£761 ​£764 £769​
​Bacs net values(£mn) ​£3,081 ​£3,101 ​£3,442 ​£3,275 ​£3,270​
​C&CC net values (£mn) ​£141 ​£162 £142​ ​£127​ £144​​
​Link net values(£mn) ​£333 ​£299 ​£341 ​£325 £321​
​Visa Europe net values (£mn) ​£1,610 ​£1,594 ​£1,741 £1,668​ £1,666​



 Average daily RTGS settlement volumes and values : Historic

​2011 ​2012 2013​ ​2014 2015​ 2016​
CHAPS values (£mn)​ £254,489 ​£284,591 £277​,229 £268,615​ ​270,400 £298,710
CHAPS volumes​ ​135,555 134,665 138,245​ ​144,353​​ ​148,412​ ​154,006
CREST DvP values (£mn)​ ​£322,118 ​£293,293 £303,717​ £274,257​ £240,480​ ​£220,970
CREST DvP volumes​ ​6,859 ​7,325 ​8,388 ​​9,050 ​9,391 ​10,883
​FPS net values (£mn) ​£188 ​£502 ​£586 £606​ £663​ ​£677
​Bacs net values(£mn) ​£3,269 ​£3,190 ​£3,071 ​£3,122 £3,159​ ​£3,193
​C&CC net values (£mn) ​£220 ​£232 £211​ £196​ £190​ ​£156
​Link net values(£mn) ​£216 ​£235 £249​ £271​ £294​ ​£315
​Visa Europe net values (£mn) ​NA ​NA ​£1,144​ £1,149​ £1,​425​ ​£1,531
 

 
Footnotes

  • All data are daily averages of transactions settled within the RTGS system.
  • CREST DvP activity in RTGS is measured by the debits applied to CREST settlement accounts at the end of each CREST settlement cycle, not the total volume or value of transactions in CREST itself.
  • Retail payment system (FPS, Bacs, C&CC, Link, Visa Europe) values represent the net interbank value of each system’s settlement across RTGS. Net interbank settlement for retail payment systems takes place within defined clearing cycles at specific points during the RTGS operating day. Therefore, no volumes data is available.
  • Visa Europe began settling net interbank obligations across RTGS in November 2013. 
 
 
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