prescribed payments system - Related Articles
The Payment Services Directive: A Crucial Step Toward Payment Harmonization Across the EU
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7656 Loan Dictionary - C group - Clearing Corporation, Clearing Corporations, Clearing Float, Clearing House, Clearing House Automated Payments System (chaps), Clearing House Electronic Subregister System (chess), Clearing House Funds, ...
payments systems disruptions
A type of systemic liquidity risk. The risk of funding problems arising from the failure to receive funds due to the bank. A payments system disruption need not result from an operational or computer failure.
Payments System Collective term for mechanisms (both paper-backed and electronic) for moving funds, payments and money among financial institutions throughout the nation.
National payments system
[64] The Federal Reserve plays an important role in the U.S. payments system. The twelve Federal Reserve Banks provide banking services to depository institutions and to the federal government.
CHAPSee: Clearing House Automated Payments System CHESS See: Clearing House Electronic Subregister System CHFThe ISO 4217 currency code for Swiss Franc.
Clearing House Automated Payments System (CHAPS) A computerized clearing system for sterling funds that began operations in 1984.
In particular, Dow (2000) analyzes systemic risk in four different ways: disruption of payments system due to the default of one or more banks, the depression of asset banking values, ...
Yeager, drawing on earlier work by Fischer Black, Eugene Fama, and Robert Hall, have proposed another kind of laissez-faire payments system that they claim would maintain monetary equilibrium at a stable price level.
agreement by member banks in the Clearing House Interbank Payments System (CHIPS) in New York to limit the payments they are willing to accept from each other to an agreed-upon level.
The Federal Reserve plays a major role in the nation's payments system through distribution of currency and coin, processing of checks, ...
Clearing House Interbank Payments System - CHIPS
The primary clearing house in the U.S. for large banking transactions. CHIPS settles over 250,000 of trades per day, valued in excess of $1 trillion.
To promote efficiency in the payments system and provide certainly about the date that deposited funds will become available to the receiving depository institutions (and the payee), ...
A condition in a daily settlement system whereby a payments system user maintains a overdraft during the day that is expected to be resolved by the end of the day. For example, in the U.S.
CHIPS
Clearing House Interbank Payments Systems (US)
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Clearinghouse Interbank Payments System - CHIPS:An automated clearing system used primarily for
international payments. This system is owned and operated by the New York Clearinghouse banks and
engages Fedwire for settlement.
CHIPS - Is the Clearing House Interbank Payments System.
Churning - Is an excessive amount of trading of customer funds by a broker. The intent is to generate commission or brokerage fees and not client performance.
in the case of banking, the risk of failure of the payments system or, in the case of property, a collapse of valuations owing to there being no buyers in the market.
Clearing house automated payments system (CHAPS)
An electronic system allowing the payment to go from the paying bank to the receiving bank on the same day.
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Clearing House Interbank Payments System (CHIPS)
An international wire transfer system for high-value payments operated by a group of major banks.
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Clearing House Automated Payments System (CHAPS)
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Clearing House Interbank Payments System (CHIPS) ...
Clearing House Interbank Payments System (CHIPS) - Financial network through which banks in the United States conduct their financial transactions.
for domestic and international economic analysis; with other components of the System, for the conduct of monetary policy; for supervision and regulation of certain banking organizations; for operation of much of the nation's payments system; ...
CHIPS - Clearing House Interbank Payments Systems (US system of electronic bank transfers)
CIBOR - Copenhagen interbank offered rate (Denmark)
CIF - cost, insurance and freight
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The ESCB is responsible for defining and implementing monetary policy, for conducting foreign exchange operations, for holding and managing official foreign reserves, and for promoting the smooth operation of the payments systems of the member ...
between the bank, through which the money is sent and the receiving bank. This term is also used to refer to the transfer of federal funds from one bank to another over Fedwire and the transfers through the Clearing House Interbank Payments System ...
 See also: Banks, Wire transfer, Expense, Member bank, Expected return
  
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