DBpedia – Linked Data Fragments

Matches in DBpedia 2015-10 for { ?s ?p "The Clearing House Interbank Payments System (CHIPS) is a United States private clearing house for large-value transactions. By 2010 it settling well over US$1 trillion a day in around 250,000 interbank payments. Together with the Fedwire Funds Service (which is operated by the Federal Reserve Banks), CHIPS forms the primary U.S. network for large-value domestic and international USD payments (where it has a market share of around 96%). CHIPS transfers are governed by Article 4A of Uniform Commercial Code.Unlike the Fedwire system which is part of a regulatory body, CHIPS is owned by the financial institutions that use it. Banks typically prefer to make payments of higher value as long as they are less time-sensitive in nature by CHIPS instead of Fedwire, as CHIPS is less expensive (both by charges and by funds required). One of the reasons is that Fedwire is a real-time gross settlement system, while CHIPS allows payments to be netted."@en }

• Clearing_House_Interbank_Payments_System abstract "The Clearing House Interbank Payments System (CHIPS) is a United States private clearing house for large-value transactions. By 2010 it settling well over US$1 trillion a day in around 250,000 interbank payments. Together with the Fedwire Funds Service (which is operated by the Federal Reserve Banks), CHIPS forms the primary U.S. network for large-value domestic and international USD payments (where it has a market share of around 96%). CHIPS transfers are governed by Article 4A of Uniform Commercial Code.Unlike the Fedwire system which is part of a regulatory body, CHIPS is owned by the financial institutions that use it. Banks typically prefer to make payments of higher value as long as they are less time-sensitive in nature by CHIPS instead of Fedwire, as CHIPS is less expensive (both by charges and by funds required). One of the reasons is that Fedwire is a real-time gross settlement system, while CHIPS allows payments to be netted.".