Clearing House Interbank Payments System

The Clearing House Interbank Payments System (CHIPS) is a United States private clearing house for large-value transactions. By 2010 it was settling well over US$1 trillion a day in around 250,000 interbank payments. Together with the Fedwire Funds Service (which is operated by the Federal Reserve Banks), CHIPS forms the primary U.S. network for large-value domestic and international USD payments (where it has a market share of around 96%). CHIPS transfers are governed by Article 4A of Uniform Commercial Code.

单词	Clearing House Interbank Payments System
释义	Clearing House Interbank Payments System 英语百科 Clearing House Interbank Payments System The Clearing House Interbank Payments System (CHIPS) is a United States private clearing house for large-value transactions. By 2010 it was settling well over US$1 trillion a day in around 250,000 interbank payments. Together with the Fedwire Funds Service (which is operated by the Federal Reserve Banks), CHIPS forms the primary U.S. network for large-value domestic and international USD payments (where it has a market share of around 96%). CHIPS transfers are governed by Article 4A of Uniform Commercial Code.
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