CHAP

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CHAP

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.
References in periodicals archive ?
Chaps & Co is not the only brand that offered out-of-the-box Ramadan experience.
Demi Lovato's denim chaps will be appearing in Worst Dressed lists until she's a grandmother.
"ChAPS has continued to grow since we officially set up in 2011, and we have a dedicated group of staff and volunteers working across Cheshire on a varied programme of activities," says managing director Jo Garner.
Sun Yu, general manager, Bank of China Limited, London branch, said: 'We are delighted that we are now a shareholder and the first Asian-headquartered Direct Participant in CHAPS. After joining CHAPS, we have completed another vital step towards the internationalisation of our direct clearing network, now covering the world's major currencies.
Chaps manager Katie Double says: "The Chaps team are absolutely delighted by the generous donation raised by Lovell at the golf tournament.
The decision to extend the settlement day comes after a review began in early 2014 by the Bank of England as settlement agent for the major sterling payment and securities settlement systems, changes were then chosen by CHAPS and CREST system operators.
Chaps chief executive Phil Kenworthy said that any customer waiting for a Chaps payment to be settled should speak to their bank.
And no, Kevin, that does not mean a chap who reads the Metro on the bus to work in the morning.
"It's unfair that chaps who spend most of their time filling their pipes, pressing their trousers and mixing dry Martinis don't get a chance to compete," he told AFP.
Whilst we're not being made to give up making the chaps, the paperwork involved is just too much.
In some studies the engagement is with texts, such as commentaries, allegories and translations, that deal with Ovid directly (Chaps. 1 and 2); others pursue more subtle and covert allusions, in reworkings of particular fables or motifs (Christine de Pizan's Mutacion de Fortune and Chemin de long estude (Chaps.
For example, he highlights general ANE covenant treaties and how they are paralleled by similar covenant treaties in the Old Testament (chaps. 2-3); he compares the creation of the city of David in 2 Sam 5:6-16 with the Enuma Elish stories from Mesopotamia (chap.