CHS Membership



Uni-Pay

The CHS has expanded on its existing business model to develop a web based service called Uni-Pay. This is a service to help students studying abroad pay course fees in their local currency through our network of local bank accounts.

Click here to view the Uni-Pay brochure.

The CHS welcomes ICEF Online members

Welcome to all the ICEF Online members who have recently joined the CHS. You should have had an email in the past few days with your system password. In this message, you are also asked to check that the currency we have assumed as your base currency for your CHS account is correct. Please notify us immediately if this is not the case. Please take a few moments to read through this site to get a better understanding of how the system works and the benefits it offers to you and your business partners. For any further information, contact Mark Butler.
Contact us:
Clearing House Service
Bleaklow House
Howard Town Mill
Glossop
Derbyshire
SK13 8HT

Tel +44(0)1457 868003
Fax +44(0)1457 869361

Email: chs@cel.co.uk

 
   
++CHS Online

   
  A secure, web based system

 Create payment instructions, set up multiple levels of authorisation tailored to your company requirements, create templates for payments to your business partners, and collect your Statement of Account.

Click here for more info: CHS Online Information
 
   

++The Benefits

   
  Low transaction costs
Because of the volume of payments going through our system we have been able to negotiate very competitive rates with our bankers which are passed on to our Users.

We issue users with a statement for all transactions initiated for a specific period with values in their own currency, irrespective of the payment currency
Users receive a Statement of Account each time they initiate a payment showing the details of the transaction. The statement also includes payments due from other users. Each User operates a CHS account in their local or chosen currency. The statement details are very transparent and will show the exchange rates used for both payments and receipts.

Users can settle many transactions with just one local payment
Instruct the CHS to make payments to various business partners in multiple currencies but you only make one consolidated payment to a local CHS bank account.

Improved cash flow
The CHS works on a weekly cycle making it easy to manage your cash flow position.
 
   

++The Advantages

   
  Extremely competitive exchange rates
We exchange several million USD equivalent through the Clearing House Service each week, allowing us to offer very competitive exchange rates to our users.

Reduced exposure with guaranteed forward foreign exchange deals
Limit any exposure to movements in the currency markets by fixing into forward contracts.

No international transfer fees when working through our local bank account network
Pay into the local CHS account by transfer or cheque and avoid paying unnecessary charges to your bank.

Eliminates users need to maintain foreign currency accounts
The CHS handles all the issues relating to the exchange and transfer of funds anywhere in the world.

Simple web based entry system
Use our secure, web based system to create payment instructions, set up multiple levels of authorization tailored to your company requirements, create templates for payments to your business partners, and collect your Statement of Account.

Reduced administrative burden
Minimise the time and effort spent on transaction processing - let the CHS do all the work.

Significant reduction in the cost of making a cross-border payment
Payments into a local account coupled with the low CHS fee structure means low cost international payments.

 
   

   
 
The easy way to settle your international business!
 
   
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