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CHIPS Universal Identifier (UID)

A CHIPS Universal Identifier (UID) is a 6-digit clearing code assigned to financial institutions participating directly in the CHIPS network. It is used alongside or instead of a SWIFT BIC to identify clearing nodes within the CHIPS ledger database.

Aliases: CHIPS UID, CHIPS routing number

Related terms

BIC (Business Identifier Code)

A Business Identifier Code (BIC) is a standardized 8 or 11 character code defined by ISO 9362 used to uniquely identify ...

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CHIPS (Clearing House Interbank Payments System)

The Clearing House Interbank Payments System (CHIPS) is the primary private US interbank clearing network for large-valu...

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