Tracking property completions in near real time with CHAPS purpose codes

Tracking property completions in near real time with CHAPS purpose codes. Simran Mehta and Valentina Macchiati UK property transactions can be identified and observed directly within minutes of payment settlement using CHAPS, the UK’s high-value payment system. Taking advantage of the migration to the ISO 20022 payment standard in June 2023, and the introduction of mandatory purpose codes from May 2025, we have developed a real-time … Continue reading Tracking property completions in near real time with CHAPS purpose codes →