RTGS Renewal: A New Era for CHAPS

Why the time for Direct Participation is now!

The UK’s renewed Real-Time Gross Settlement (RTGS) system is live, and it’s reshaping the future of high-value sterling payments. This report explores the strategic drivers behind the Bank of England’s RTGS transformation and what it means for existing participants of CHAPS and banks considering direct participation.

Inside, you will discover:

• Motivations behind the move and RT2's core objectives 
• Why indirect participants are making the leap to direct access
• How ISO 20022 is enhancing data and transparency
• The importance of collaboration