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  5. Clearing House Interbank Payment System

Clearing House Interbank Payment System

Definition of 'Clearing House Interbank Payment System'

Electronic means of settling banking payments in New York.

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Related Terms

CHIPSCHAPSClearing HouseClearing House Automated Payment SystemNet Margining SystemCentralClearing BankMargin CallWire TransferBilateral PaymentStock Exchange Electronic Trading SystemBACSClearing SystemClearing MemberCentral Moneymarkets OfficeDiscount Market DepositAccepting HouseSecurities HouseMatched Bargain Trading SystemSETS

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