Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Clearing House Interbank Payments System — The Clearing House Interbank Payments System (CHIPS) is the main privately held clearing house for large value transactions in the United States, settling well over US$1 trillion a day in around 250,000 interbank payments. Together with the… … Wikipedia
Clearing House Interbank Payments System — ( CHIPS) An international wire transfer system for high value payments operated by a group of major banks. The New York Times Financial Glossary * * * Clearing House Interbank Payments System ˌClearing House ˌInterbank ˈPayments ˌSystem , CHIPS… … Financial and business terms
Clearing House Interbank Payments System — CHIPS A US bankers clearing house for paying and accepting funds. It is an electronic system operated through terminals in bank branches. Participating banks must be members of the New York Clearing House Association or affiliates of it, for… … Accounting dictionary
Clearing House Interbank Payments System - CHIPS — The primary clearing house in the U.S. for large banking transactions. CHIPS settles over 250,000 of trades per day, valued in excess of $1 trillion. CHIPS and the Fedwire funds service used by the Federal Reserve Bank combine to constitute the… … Investment dictionary
Clearing House Automated Transfer System — The Clearing House Automated Transfer System, or CHATS, is a Real Time Gross Settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a private company jointly owned by the Hong Kong … Wikipedia
Clearing house (finance) — A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions. These transactions may be executed on a futures exchange or securities exchange, as… … Wikipedia
Clearing House Association, LLC — The Clearing House Association, LLC is the nation’s oldest banking association representing 17 of the world s largest commercial banks, which collectively employ over 2 million people and hold more than half of all U.S. deposits. It is a… … Wikipedia
New York Clearing House — The New York Clearing House Association, the nation’s first and largest bank clearing house, was created in 1853, and has played a variety of important roles in supporting the development of the banking system in America’s financial capital.… … Wikipedia
Clearing (finance) — In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying… … Wikipedia
Payment system — A payment system is a system (including physical or electronic infrastructure and associated procedures and protocols) used to settle financial transactions in bond markets, currency markets, and futures, derivatives or options markets, or to… … Wikipedia
