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C’mon, CHAPS, let’s have the truth

From Property Talk Live on August 7, 2015

Last month it was announced that the CHAPS payment system will be extended by one hour and forty minutes from summer 2016. In future, these systems will close at 18:00 for direct participants, such as the major banks.

This is because:

“The change better aligns the CHAPS settlement day with the typical business…
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Source: Property Talk Live