Overview
CHAPS is the UK’s high-value payment system which provides efficient, settlement risk-free and irrevocable payments. It is used to settle high-value wholesale payments as well as time-critical, lower-value payments. Payment obligations between CHAPS Direct Participants are settled individually on a gross basis in RTGS.
This dataset provides the daily total volume and value of payments settled in CHAPS, broken down by ISO 20022 message type. New data is published each month for the previous month.
A historic dataset has been published to provide the aggregated monthly total for CHAPS volume and value of payments dating back to 1990. A series for CHAPS Euro which was in operation between 4 January 1999 and 16 May 2008 has also been published. It provided an RTGS system carrying euro payments between CHAPS Euro members and to institutions addressable across the TARGET infrastructure. Domestic euro payments were those exchanged between members of the CHAPS Euro scheme and settled across accounts at the Bank of England whereas TARGET payments were those cross-border payments settled across the European Central Bank's interlinking system which connected the 19 euro RTGS systems. The value of CHAPS Euro payments are shown as £ sterling equivalent. This series will no longer be published after June 2025.