HomeDefinitionsCompareDebt Clearing House Automated Payments System (CHAPS)The financial definition for Clearing House Automated Payments System (CHAPS):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). Similar MatchesAutomated bond system (ABS)Automated bond system (ABS)The computerized system that records bids and offers for inactively traded bonds until they are cancelled or executed on the NYSE. Automated Clearing House (ACH)Automated Clearing House (ACH)A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float. Automated Customer Account Transfer (ACAT)Automated Customer Account Transfer (ACAT)For transfers of securities from a non-equity trading account to your equity trading account with your broker. Further SuggestionsAutomated Export SystemAutomated Order System (AOS) Automated Pit Trading (APT) Automated teller maching (ATM) Boston Exchange Automated Communication Order Routing Network (BEACON) European Association of Securities Dealers Automated Quotation (EASDAQ) Japanese Association of Securities Dealers Automated Quotation System (Jasdaq) Click to compare definitions of Clearing House Automated Payments System (CHAPS) Click to view definitions beginning cl |