CHIPS uses a sophisticated liquidity savings mechanism to provide fast, final offsetting capability helps banks clear more, larger payments using fewer dollars. CHIPS (Clearing House Inter-bank Payments System) is a privately operated, real-time, multilateral, payments system typically used for large dollar payments. CHIPS stands for Clearing House Interbank Payments System, and it's the largest private-sector, US dollar-based, money transfer system in the U.S. It's a.
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