CHIPS

  • 2 Posts
  • 1 Sections
  • 1 Types
Definitions
CHIPS (Clearing House Interbank Payments System)
CHIPS Clearing House Interbank Payments Real-Time Payments Financial Transactions U.S. Payment Systems
The Clearing House Interbank Payments System (CHIPS) is a U.S. private-sector, real-time interbank payments system for the transfer of large value transactions.
Read more about CHIPS (Clearing House Interbank Payments System).
Definitions
Clearing House Interbank Payments System (CHIPS)
CHIPS Clearing House Large-Value Transactions Financial Institutions Clearing House Payments Company Bank Settlement U.S. Financial System
CHIPS is a U.S. bank clearinghouse for large-value dollar transactions, owned by financial institutions and operated by the Clearing House Payments Company. It facilitates the efficient settlement of large financial transactions between banks.
Read more about Clearing House Interbank Payments System (CHIPS).

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.