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 Glossary   >   C   >   "Clearing House Interbank Payments System (CHIPS)" Definition   

        Clearing House Interbank Payments System (CHIPS)

An international wire transfer system for high-value payments operated by a group of major banks.

Clearing House Interbank Payments System (CHIPS)


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Clearing House Interbank Payments System (CHIPS) - An international wire transfer system for high-value payments operated by a group of major banks.


Clearing House Interbank Payments System (CHIPS) : an international wire transfer system for high-value payments operated by a group of major banks.