Independent review by network analytics and simulation firm FNA reveals "powerful liquidity savings" generated by CHIPS settlement algorithm
LONDON, Feb. 1, 2023 /PRNewswire/ -- London-based deep tech firm FNA, specialising in advanced network analytics and simulation, has revealed the "powerful liquidity savings" generated by CHIPS, the largest private sector high-value clearing and settlement system in the world operated by The Clearing House, following an independent review.
- LONDON, Feb. 1, 2023 /PRNewswire/ -- London-based deep tech firm FNA , specialising in advanced network analytics and simulation, has revealed the "powerful liquidity savings" generated by CHIPS, the largest private sector high-value clearing and settlement system in the world operated by The Clearing House, following an independent review.
- FNA's review of the liquidity savings mechanism (LSM) utilised by CHIPS confirmed CHIPS is "extremely efficient" in its use of liquidity across all performance metrics, when compared to other large-value payment systems.
- Its patented liquidity savings algorithm matches and offsets payments continually, resulting in a more efficient settlement process.
- Not only has this validated CHIPS' liquidity efficiency, but also provided TCH with opportunities to improve their system further".