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AFD BankFinder Manual: CHAPS Tab

CHAPS Tab

Using the CHAPS (Clearing Houses Automated Payment System) Tab - Applies to branches on the UK (BACS) Clearing System Only

The Results Tab

The fields displayed on this tab are as follows:

CHAPS £
This group of fields relate to CHAPS sterling payments.

Field Description
Status Indicates if the branch can accept CHAPS Sterling payments and whether or not it is an agency.
Last Change The date on which CHAPS sterling data for this record was last amended.
Closed Clearing The date when the status of the branch was set to 'N' (does not accept CHAPS sterling payments) if applicable.
Settlement The name and code of the Bank that will settle payments for this branch (CHAPS ID).   

CHAPS €
This group of fields relate to CHAPS Euro payments.

Field Description
Status Indicates if the branch can accept CHAPS Euro payments and whether or not it is a direct branch (part of the SWIFT closed group).
Last Change The date on which CHAPS Euro data for this record was last amended.
Return When set to 'R' indicates that this is the branch to which returned payments should be sent for this CHAPS Euro Member.
Routing Bank This is the CHAPS Euro Routing Bank BIC.  It specifies the SWIFT closed user group BIC to which CHAPS Euro payments for this branch should be routed and will be present for every CHAPS Euro Branch.  This will belong to the Settlement Bank (as described below).  Clicking on this will lookup that Bank BIC and Branch BIC for you.
Branch This is the CHAPS Euro Routing Branch BIC.  It specifies the actual branch.    Clicking on this will lookup that Bank BIC and Branch BIC for you.
Settlement The name and code of the Bank that will settle payments for this branch (CHAPS ID).
Closed Clearing The date when the status of the branch was set to 'N' (does not accept CHAPS Euro payments) if applicable.

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