Clearing House Interbank Payments System
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Related to Clearing House Interbank Payments System: Fedwire
Clearing House Interbank Payments System (CHIPS)
An international wire transfer system for high-value payments operated by a group of major banks.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
CHIPS
Clearing House Interbank Payments System. A wire transfer system allowing participating banks to exchange large amounts of money between themselves as needed. See also: Fedwire.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved