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We are coordinating with the Clearing House for Interbank Payment Systems (CHIPS) and the Society for Worldwide Interbank Financial Telecommunications (SWIFT) to provide a common test day for customers of Fedwire and these two systems.
Morgan Stanley, the Society for Worldwide Interbank Financial Telecommunications and the New York Branch of Hokkaido Takushoku Bank relocated their respective data operations to Newport earlier this summer while Mayer & Schweitzer, a subsidiary of Charles Schwab & Co.
Correspondent banks are also heavily dependent on the use of cross-border payments messaging through the network maintained by the Society for Worldwide Interbank Financial Telecommunications (S.

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