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CHAP

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CHAP

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Clearing House Automated Payment System

A company that operates a computer system to perform clearing services for funds and some other investment vehicles denominated in the British pound. It is allied with other clearing houses in the Association for Payment Clearing Services. It began operations in 1984.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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