Mandate practice

2026

← Glossary

CHAPS, FPS, and BACS

UK sterling payment schemes — CHAPS (same day), FPS (near real-time) and BACS (batch). Access is through a UK bank or FCA-authorised institution with scheme membership.

VeriRail: VeriRail helps you sequence the story: why you need sterling, how settlement works, and what controls sit behind it — before you promise timelines to a reviewer.

When the next conversation with a bank, EMI, PSP or FX provider matters, the work is the Founder Advisory Seat — M.M. Thakur beside you on flow of funds, account-route readiness, DDQ and RFI answers, closures and live calls. Bank account first. Rails second. FX third. Compliance throughout.

Apply for a Fit Call

The Library is the framing. The Advisory Seat is the work.