- A wire transfer system for high-value payments operated by the Federal Reserve System. The New York Times Financial Glossary————A wire transfer system for high-value payments operated by the Federal Reserve System. Bloomberg Financial Dictionary
* * *the main technical system for payments between banks in the US:
• Fedwire, the Federal Reserve's electronic-payments system couldn't operate after generators failed.
Financial and business terms. 2012.
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Fedwire — is a Real Time Gross Settlement Funds Transfer system operated by the Federal Reserve Banks that enables financial institutions to electronically transfer funds between its more than 9,500 participants. In conjunction with the privately held… … Wikipedia
Fedwire™ — UK US noun [U] TRADEMARK BANKING ► in the US, an electronic system used for paying money from an account in one bank to someone else s account in another bank on the same day: »Payment may be made by Fedwire transfer … Financial and business terms
Fedwire — A real time gross settlement system (RTGS) of central bank money used in the United States by its Federal Reserve Banks to settle final payments in U.S. dollars electronically between its member institutions. Owned and operated by the 12 Federal… … Investment dictionary
Fedwire — An ISO term. A payment service operated by the United States Federal Reserve System as a private wire network for transfers between financial institutions having accounts at the Federal Reserve Bank. The word Fedwire is an acronym for Federal… … International financial encyclopaedia
fedwire — A high speed electronic link in the USA between the 12 Federal Reserve Banks and the Treasury, used to move large sums of money for themselves and their customers. The transactions are often completed within minutes of being initiated … Big dictionary of business and management
Fedwire — Fin the U.S. Federal Reserve System’s electronic system for transferring funds … The ultimate business dictionary
Fedwire, FedWire — / fedwaɪə/ noun US same as Federal Reserve Wire System (informal) … Dictionary of banking and finance
Система FEDWIRE — электронная система перевода крупных сумм, которая находится в собственности и управлении ФРС … Современные деньги и банковское дело: глоссарий
Clearing House Interbank Payments System — The Clearing House Interbank Payments System (CHIPS) is the main privately held clearing house for large value transactions in the United States, settling well over US$1 trillion a day in around 250,000 interbank payments. Together with the… … Wikipedia
Clearing (finance) — In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying… … Wikipedia