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    Clearing House Interbank Payments System (CHIPS)

    What Is the Clearing House Interbank Payments System (CHIPS)? The Clearing House Interbank Payments System (CHIPS) is the primary clearing house in the U.S. for large banking transactions. As of 2015, CHIPS settles over 250,000 of trades per day, valued in excess of $1.5 trillion in both...
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    • chips clearing house interbank payments system
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