Fedwire
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Fed RTGS for USD payments.
Definition
Fedwire migrated ISO 20022 on 14 March 2025 (FedNow and Fedwire). pacs.008, pacs.009, camt.056 messages. Operations 21:00 ET D-1 to 19:00 ET D. 2024 volume: ~200M transactions, USD 1,100 trillion value.
Origin
Fedwire operated by the Fed since 1918 ; predecessor to all modern RTGS.
Example in context
JPMorgan transfers USD 100M to Citi via Fedwire to cover an EOD FX position.
Related terms
- CHIPS — USD competitor.