HomeDefinitionsCompareDebt Clearing House Interbank Payments System (CHIPS)The financial definition for Clearing House Interbank Payments System (CHIPS):An international wire transfer system for high-value payments operated by a group of major banks. Similar MatchesInterbank marketInterbank marketFinancial institutions exchange of currencies between and among themselves. Interbank rateInterbank rateSee: LIBOR London Interbank Bid Rate (LIBID)London Interbank Bid Rate (LIBID)The bid rate that a Euromarket bank is willing to pay to attract a deposit from another Euromarket bank in London. Related: LIBOR. Further SuggestionsLondon Interbank Offered Rate (LIBOR)Moscow Interbank Currency Exchange (MICEX) Paris Interbank Offer Rate (PIBOR) Society for Worldwide Interbank Financial Telecommunications (SWIFT) Click to compare definitions of Clearing House Interbank Payments System (CHIPS) Click to view definitions beginning cl |