Bank of England publishes RTGS CHAPS Industry Forum minutes, discussing extended settlement hours and synchronised settlement
Summary of the RTGS CHAPS Industry Forum - 13 October 2026
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The Bank of England updated the RTGS CHAPS Industry Forum on progress with work on extended settlement hours, synchronised settlement and structured addresses. Implementation work for CHAPS to begin operating at 1:30 is underway, with an initial estimate that around 20% of CHAPS payments will settle before 6 in the morning; responses to the consultation on extended hours will be published in early 2027.
The minutes present the progress and outstanding issues relating to extended settlement hours, synchronised settlement and structured address rules side by side, making it easier to understand the priorities in advancing the UK’s payment infrastructure.
Source:Bank of England · bankofengland.co.uk