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.

Book the Founder Session

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