The Clearing House Interbank Payments System (CHIPS) is a United States private clearing house for large-value transactions. By 2015, it was settling well over US$1.5 trillion a day in around 250,000 interbank payments in cross border and domestic transactions.
CHIPS is owned by the financial institutions.
As of 2020, the member participants (with country of ownership) are:[3]
Banco Bilbao Vizcaya, S.A. (Spain)
Banco do Brasil S.A. (Brazil)
Bangkok Bank Public Company Limited (Thailand)
Bank Leumi USA (United States)
Bank of America, N.A. (United States)
Bank of China (China)
Bank of Communications (China)
The Bank of Tokyo-Mitsubishi UFJ, Ltd. (Japan)
Barclays Bank PLC (United Kingdom)
BNP Paribas New York (France)
Brown Brothers Harriman & Company (United States)
Crédit Agricole (France)
Citibank, N.A. (United States)
Commerzbank AG (Germany)
Credit Industriel et Commercial (France)
Deutsche Bank AG (Germany)
Deutsche Bank Trust Co Americas (formerly Bankers Trust; United States)
Habib American Bank (United States)
HSBC Bank USA (United States)
Mega International Commercial Bank (Taiwan)
Intesa Sanpaolo (Italy)
Israel Discount Bank of New York (United States)
JPMorgan Chase Bank, N.A. (United States)
KBC Bank N.V. (Belgium)
Mashreq Bank (United Arab Emirates)
M&T Bank (United States)
Mitsubishi UFJ Trust and Banking Corporation (NY Branch; Japan)
Mizuho Corporate Bank - NY (Japan)
The Bank of New York Mellon (United States)
The Northern Trust Company (United States)
The Royal Bank of Scotland (United Kingdom)
Société Générale (France)
Standard Chartered Bank (United Kingdom)
State Bank of India (India)
State Street Bank and Trust Company (United States)
Sumitomo Mitsui Banking Corporation (Japan)
UBS AG (Switzerland)
Wells Fargo Bank, NY INTL (United States)