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Payments Education

Introduction to CHIPS

Type: Webinar
Duration: 60 Minutes
Date & Time:

Member Fee: $0
Non-Member Fee: $349

Audience: BSA Officers, Compliance, Operations, Payments Personnel, Risk, Senior Payments Personnel, Treasury, Wire Personnel

CHIPS is the largest private sector U.S. dollar clearing system in the world, clearing and settling approximately $1.6 trillion in domestic and international wire payments per day.  Leveraging the most efficient liquidity savings mechanism available today, CHIPS provides fast and final wire transfer payments.  CHIPS is the private-sector counterpart to Fedwire®.  During this session attendees will be introduced to the CHIPS network; topics discussed include:
 
• Overview of Wire Transfer Networks
• History of CHIPS
• Participants and Payment Flow
• Clearing and Settlement
• Liquidity Savings Mechanism
• Legal Governance
 

Discounted rates will appear when signed in as a TCHPA FI Member or Corporate Subscriber.