Clearing House Interbank Payments System

Definition

CHIPS. A privately-held transferral system that allows banks to settle transactions with each other electronically. It primarily deals with large-value fund transfers, with daily totals of more than $1 trillion. CHIPS is used for transactions that are less time-sensitive, contrary to the Federal Reserve Wire Network, and has fewer members making transfers. It settles transactions by netting.

Copyright©2009 by InvestorWords.com. ALL RIGHTS RESERVED.

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

Related Terms

real-time gross settlement system - More

Popular 'Banking' Terms

negotiable
letter of credit
bank draft
bank
commercial bank

account
overdraft protection
compound interest
overdraft
lockbox

Related Personal Finance Articles

Loading...

Clearing House Interbank Payments System in the news

Loading...

Tools

Clearing House Interbank Payments System is ...

... part of the Banking subject.

Nearby Terms

clearing bank
clearing broker
clearing corporation
clearing firm
Clearing House Automated Payment System
Clearing House Interbank Payments System
clearing margin
clearing member
Clearing Member Trade Agreement
clearing price
clearinghouse

Search volume for Clearing House Interbank Payments System

Review the unprecedented moves the Fed & Treasury took to bring the financial markets back from the precipice

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Get our content on your iGoogle page | RSS

RSS

Add this Glossary to your Site | Bookmark InvestorWords.com
Home | Terms by Subject | Keyword Advertising | About Us | Contact Us
Work for InvestorWords.com
BusinessDictionary.com | InvestorGuide.com | WebFinanceInc.com
Disclaimer and Copyright©