CHAPS Co. (CHAPS), the UK’s same day high-value electronic payment system, has announced the addition of BNP Paribas as a Direct Participant onto its system.
As a Direct Participant, BNP Paribas can now directly send and receive irrevocable, guaranteed sterling payments with same day finality, rather than through a third-party. Its customers will also benefit from enhanced payment security and mitigation of settlement risk.