Overview

Clearing House Interbank Payments System


Show Summary Details

Quick Reference

(CHIPS)

A US bank clearing house for large-value dollar transactions. It is owned by financial institutions and operated by the Clearing House Payments Company (formerly the New York Clearing House Association). Any bank may participate providing that it has a regulated US presence. See also fedwire.

Subjects: Financial Institutions and Services.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.