Clearing House Interbank Payments System (CHIPS)
What is it? An automated clearing system used primarily for international payments. This system is owned and operated by the New York Clearinghouse banks and engages Fedwire for settlement.Added By: Morgan
The Clearing House Interbank Payments System (CHIPS) definition has been viewed 1063 Time(s)!
Send To Friends!
If you'd like to send the Clearing House Interbank Payments System (CHIPS) definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Clearing House Interbank Payments System (CHIPS). If you need any more information on this term, please don't hesitate to contact us.