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A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment Clearing Services (APACS).

Copyright © 2005, Campbell R. Harvey. All Worldwide Rights Reserved. Do not reproduce without explicit permission.

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Keywords

Clearing House Automated Payments System (CHAPS)

Clearing House Automated Payments System

CHAPS

clearing

clearing house

sterling

sterling funds

APACS