Fedwire

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Fedwire is a Real Time Gross Settlement system operated by the Federal Reserve that enables financial institutions to electronically transfer funds amongst its more than 9,500 participants. In conjunction with the privately held Clearing House Interbank Payments System (CHIPS), Fedwire forms the primary United States network for large-value domestic and international payments, and is designed to be highly resilient and redundant.

[edit] References

• Fedwire Funds Transfer System
• Fedwire and National Settlement Services

This economics or finance-related article is a stub. You can help Wikipedia by expanding it.

Retrieved from "http://en.wikipedia.org../../../f/e/d/Fedwire.html"

Categories: Federal Reserve | Payment systems | Economics and finance stubs

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• This page was last modified 21:11, 21 January 2007 by Wikipedia user The Anome. Based on work by Wikipedia user(s) SDC, PaulHanson, Tsavage, Gary King, Vegaswikian and Michael Frisbie.
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