영국의 CHAPS와 캐나다의 LVTS의 비교에 관한 고찰 이병렬 창원대학교 국제무역학과 강사 최해범

A Comparative Study between the CHAPS of England and The LVTS of Canada

The Clearing House Automated Payment System (CHAPS) is the UK s same day high value payment system. CHAPS is the only UK payment system that guarantees real time finality, on any value, in ‘Central bank money’ as each payment instruction settles. Since 1996, CHAPS has used an enhanced Real Time Gross Settlement (RTGS) system where each individual payment is settled in real time across its Direct Participants’ settlement accounts at the Bank of England. While, The LVTS (Large Value Transfer System) is the high value electronic wire system that facilitates the transfer of irrevocable payments in Canadian dollars across the country. Through LVTS, funds can be transferred between participating financial institutions virtually instantaneously in a fully collateralized environment. Thus in this article, first of all, I considered features of payment system between LVTS and CHAPS. Second, I analyzed the governing structure and legal background. Third, I focused on the operational policy and risk aversion policy. Lastly, I suggested that the payment and banking system have to assume, with good reason, more efficiently accurately and securely operation together with conclusion.