T8: Volume of transactions processed by selected payment systems
(millions, unless otherwise stated; total for the year)| Year | |||||
|---|---|---|---|---|---|
| 2011 | 2012 | 2013 | 2014 | 2015 | |
 Large-value payment systems | |||||
| CHAPS Sterling | |||||
| Total gross volume | nap | 34 | 35 | 37 | 38 |
| Breakdown of 'total gross volume' by instrument type | |||||
| Credit transfers | nap | 34 | 35 | 37 | 38 |
| Direct debits | nap | 0 | 0 | 0 | 0 |
| Cheques | nap | 0 | 0 | 0 | 0 |
| Card and e-money payments | nap | 0 | 0 | 0 | 0 |
| Other payment instruments | nap | 0 | 0 | 0 | 0 |
| Partial breakdown of 'total gross volume' | |||||
| Of which: volume of settlement in the PS in question for other PSs | nap | nav | nav | nav | nav |
| Breakdown of 'volume of settlement in the PS in question for other PSs' by PS whose transactions are settled | |||||
| Concentration ratio in terms of volume (%) | nap | 73.00 | 73.00 | 72.00 | 71.00 |
| Retail payment systems | |||||
| BACS | |||||
| Total gross volume | nap | 5,616 | 5,695 | 5,841 | 6,080 |
| Breakdown of 'total gross volume' by instrument type | |||||
| Credit transfers | nap | 2,200 | 2,170 | 2,169 | 2,172 |
| Direct debits | nap | 3,417 | 3,525 | 3,672 | 3,908 |
| Cheques | nap | 0 | 0 | 0 | 0 |
| Card and e-money payments | nap | 0 | 0 | 0 | 0 |
| Other payment instruments | nap | 0 | 0 | 0 | 0 |
| Number of netting cycles | nap | 1 | 1 | 1 | 1 |
| Cheque/credit | |||||
| Total gross volume | nap | 667 | 587 | 518 | 445 |
| Breakdown of 'total gross volume' by instrument type | |||||
| Credit transfers | nap | 54 | 47 | 41 | 28 |
| Direct debits | nap | 0 | 0 | 0 | 0 |
| Cheques | nap | 613 | 540 | 477 | 416 |
| Card and e-money payments | nap | 0 | 0 | 0 | 0 |
| Other payment instruments | nap | 0 | 0 | 0 | 0 |
| Number of netting cycles | nap | 1 | 1 | 1 | 1 |
| LINK | |||||
| Total gross volume | nap | nav | nav | nav | nav |
| Breakdown of 'total gross volume' by instrument type | |||||
| Credit transfers | nap | nav | nav | nav | nav |
| Direct debits | nap | nav | nav | nav | nav |
| Cheques | nap | nav | nav | nav | nav |
| Card and e-money payments | nap | nav | nav | nav | nav |
| Other payment instruments | nap | nav | nav | nav | nav |
| Number of netting cycles | nap | nav | nav | nav | nav |
| Fast payment systems | |||||
| Faster Payments Service | |||||
| Total gross volume | nap | 811 | 968 | 1,101 | 1,247 |
| Breakdown of 'total gross volume' by instrument type | |||||
| Credit transfers | nap | 811 | 968 | 1,101 | 1,247 |
| Direct debits | nap | 0 | 0 | 0 | 0 |
| Cheques | nap | 0 | 0 | 0 | 0 |
| Card and e-money payments | nap | 0 | 0 | 0 | 0 |
| Other payment instruments | nap | 0 | 0 | 0 | 0 |
| Number of netting cycles | nap | 3 | 3 | 3 | 3 |