banking.foundation / Payments / CHIPS
Payment network · Cross-border clearing · United States
CHIPS
The Clearing House Interbank Payments System, a private-sector large-value US dollar system launched in 1970 that clears and settles a large share of cross-border USD payments. Uses continuous multilateral netting against prefunded balances with intraday finality.
- Type
- Cross-border clearing
- Operator
- The Clearing House
- Region
- United States
- Currency
- USD
- Launched
- 1970
- Settlement model
- prefunded continuous net, intraday finality
- Website
- www.theclearinghouse.org
Approximate reference data from public sources · seed-0.1 · 2026-08-28 · not real-time, not advice. See data & methodology.
# this page as data
GET https://banking.foundation/api/v1/payment-networks/chips