Corporate treasury in the context of "Financial management"

A treasury is either

• A government department related to finance and taxation, a finance ministry; in a business context, corporate treasury.
• A place or location where treasure, such as currency or precious items are kept. These can be state or royal property, church treasure or in private ownership.

The head of a treasury is typically known as a treasurer. This position may not necessarily have the final control over the actions of the treasury, particularly if they are not an elected representative.

The Clearing House Automated Payment System (CHAPS) is a real-time gross settlement payment system used for sterling transactions in the United Kingdom. It is mainly used by financial institutions to make wholesale financial payments and by large companies to make corporate treasury payments. In 2024, 52.7 million CHAPS payments were made, worth a total of £87.5 trillion. This made up just 0.1% of the total number of payments in that year, but was 88% of the total value of payments.

CHAPS was originally established in London by the Bankers Clearing House in February 1984, transferring to the CHAPS and Town Clearing Company Limited in December 1985. This company also operated the 'town clearing', where cheques cleared the same day between the 'town' bank branches in central London. Town clearing had been the forerunner of the CHAPS system, and was finally closed in 1995.