CHIPS is the largest private-sector U.S.-dollar funds-transfer system in the world, clearing and settling an average of $1.5 trillion in cross-border and domestic payments daily. It combines best of two types of payments systems: the liquidity efficiency of a netting system and the intraday finality of a RTGS.
Our unique and patented multilateral offsetting capability helps banks clear more, larger payments using fewer dollars.
20-Hour Processing Day
Banks around the globe can clear and settle payments throughout their business day thanks to our 20-hour processing day.
Safe, Secure, Reliable
CHIPS sets the industry standard for resiliency and reliability in funds transfers. Leading banks worldwide trust us for their U.S.-dollar clearing and settlement services.