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Clearing House Automated Payments System (CHAPS) |
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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).Clearing House Automated Payments System (CHAPS) Similar MatchesStock Exchange Automated Quotation systemStock Exchange Automated Quotation systemThe computerised system at the London Stock Exchange which continuously updates prices and trade reports for UK securities (shares, gilts etc). SEAQ lists the market makers' bid and offer prices, together with the Normal Market Size at which those prices will be honoured. Shares traded using SEAQ are said to be traded on the 'quote book'.The very largest companies quoted on the London Stock Exchange are traded on the Stock Exchange Electronic Trading Service (SETS) which automatically matches buyers and sellers, and which is known as the 'order book'. SEAQ is used for those stocks which are too small to be traded on SETS. Automated Export SystemAutomated Export SystemElectronic filing of Shippers Export Declaration (SEDs)with US Customs prior to departure. Japanese Association of Securities Dealers Automated Quotation System (Jasdaq)Japanese Association of Securities Dealers Automated Quotation System (Jasdaq)Japanese equivalent of Nasdaq. Bankers Automated Clearing ServicesBankers Automated Clearing ServicesBACS is an APACS clearing company which provides an automated clearing service for payments originated by Settlement Members or those they sponsor. Automated Pit Trading (APT)Automated Pit Trading (APT)Introduced in 1989, APT is the LIFFE screen-based trading system that replicates the open outcry method of trading on screen. APT is used to extend the trading day for the major futures contracts as well as to provide a daytime trading environment for non-floor trading products. Further SuggestionsAutomated bond system (ABS)automated pit trading Stock Exchange Automated Quotation (SEAQ) International Automated Order System (AOS) European Association of Securities Dealers Automated Quotation (EASDAQ) European Association of Securities Dealers Automated Quotation Opening Automated Report Service Automated teller maching (ATM) automated teller machine Security Industry Automated Corporation (SIAC) Automated Customer Account Transfer (ACAT) Stock Exchange Automated Trading System PLUS Boston Exchange Automated Communication Order Routing Network (BEACON) Automated Clearing House (ACH) clearing house automated payment system |
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