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Chips payment

chips payment

The Clearing House Interbank Payments System (CHIPS) is an electronic payments system that transfers funds and settles transactions in U.S. dollars. CHIPS. CHIPS (Clearing House Inter-bank Payments System) is a privately operated, real-time, multilateral, payments system typically used for large dollar payments. CHIPS uses a sophisticated liquidity savings mechanism to provide fast, final offsetting capability helps banks clear more, larger payments using fewer dollars. chips payment

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Review of Part One - 112. Payments, CHIPS and Fedwire

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