Access the webinar, "ISO 20022 Presents New Opportunities for CHIPS Participants and Corporate," where you will hear how Bank of America is working to bring the benefits of the ISO 20022 message format to their customers following the successful migration of the CHIPS® network in April. Hear about their approach and how The Clearing House and Swift are working together to increase adoption and improve payments efficiency around the globe.
CHIPS, the high-value payment system from TCH, is highly efficient in its use of liquidity when compared to other major payment systems around the world, and effectively serves as the liquidity savings mechanism for the entire U.S. large-value payments system. It also underscores the nature of CHIPS as an early settlement system that reduces operational risk for participants, end users, and the financial system generally, and distinguishes CHIPS as a critical element of the nation’s payments infrastructure.
Hear from Jamie McAndrews, an economic consultant and CEO of TNBUSA Inc., and Richard Dzina, Senior Vice President, at The Clearing House, discuss how CHIPS more efficiently uses liquidity, which is a benefit not only to the banks on the CHIPS network, but also to the entire high-value payment system in the United States. Listen to this episode.
The Strategic Role of the CHIPS® Network in Modern Liquidity Management
In a landscape defined by quantitative tightening and increased regulatory pressure, financial institutions are turning to the CHIPS® network for intelligent liquidity deployment. This white paper explores how CHIPS leverages patented multilateral netting, advanced settlement algorithms, and intraday finality to reduce systemic risk and dramatically improve liquidity efficiency. With flexible funding tools and the ability to settle high-value payments in real time, CHIPS enables participants to free up billions of dollars in capital while maintaining control and resilience.
To learn more, download the white paper: The Strategic Role of the CHIPS® Network in Modern Liquidity Management.
Assessing the Efficiency of CHIPS: FNA Simulation Prepared for The Clearing House
The liquidity savings mechanism utilized by CHIPS, the largest private sector high-value clearing and settlement system in the world, generates powerful liquidity savings for CHIPS participants and the financial system. An independent review of CHIPS conducted by FNA, a technology firm that specializes in advanced network analytics and simulation, found that CHIPS is “extremely efficient” in its use of liquidity across all performance metrics.
To learn more, download the study: Assessing the Efficiency of CHIPS®
CHIPS Liquidity Savings Mechanism is the Most Efficient in the World
This study describes how CHIPS is highly efficient in its use of liquidity when compared to other major payment systems around the world, and effectively serves as the liquidity savings mechanism for the entire U.S. large-value payments system. It also underscores the nature of CHIPS as an early settlement system that reduces operational risk for participants, end users, and the financial system generally, and distinguishes CHIPS as a critical element of the nation’s payments infrastructure.
To learn more, download the study: The Use of Liquidity in CHIPS®