CHIPS (Clearing House Interbank Payments System)
The Clearing House Interbank Payments System (CHIPS) is the primary private US interbank clearing network for large-value domestic and international USD transactions. Settled in real-time through a clearing ledger, it processes transactions representing the majority of international USD wire volume.
Aliases: Clearing House Interbank Payments System
Standards & Citations
- 🌐 ISO 9362 / ISO 13616: International standards for financial identifiers (ISO OBP).
- 🏢 SWIFT Registration Authority: Designated ISO registration authority (swift.com).
- 📂 swiftbic.org Data Register: Provenance registry for bank code data (Data Sources).