Fedwire
Fedwire is a clearinghouse in the form of a real-time gross settlement system's for the electronic payment based on the US dollar in the United States . The system is operated by the Federal Reserve System and connects credit institutions, the US Treasury and other government agencies.
About Fedwire Securities Services, the large for the timely and secure implementation and regulation dollar payments was created settlement will average transactions totaling more than 2,600 billion US dollars per day. This makes Fedwire the second largest clearing house for dollar transactions behind Clearing House Interbank Payments System (CHIPS), which are privately organized and bundle transactions according to the net principle. Together, Fedwire and CHIPS cover around 96% of all large-volume payments in US dollars.
A similar system for processing securities trading is available with Fedwire Funds Services .
The TARGET2 system fulfills the same function in the euro area ; However, Target2 lacks regular balances that limit the risks.
Web links
Individual evidence
- ↑ Fedwire Funds Services - Annual Datas
- ↑ A madness called Target 2. In: FAZ.net . Retrieved July 17, 2018 .