Cash processing: U.S. CHIPS / Fedwire instructions
Reference
Clearstream1 informs clients of an enhancement of the validation of U.S. CHIPS (Clearing House Interbank Payments System) and Fedwire cash instructions, effective
Monday, 16 March 2026.
This update ensures alignment with the Swift CBPR+ Standards and responds to direct client feedback.
Background
Clearstream will now accept U.S. CHIPS and Fedwire instructions containing a valid clearing code even when no BICFI (Business Identification Code for Financial Institutions) is provided.
Impact on clients
Payment Instructions will no longer be rejected due to missing BICFI when a valid clearing code is provided.
No changes are required from the client in message formats.
Further information
For further information, please contact Clearstream Client Services or your Relationship Manager.
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1. Clearstream refers collectively to Clearstream Banking S.A., registered office at 42 avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248 , and Clearstream Europe AG (for Clearstream Europe AG clients using 6-series accounts), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.
Clearstream Banking S.A. is registered as an Australian CS (Overseas) Facility, under subsection 824B(2) of the Corporations Act 2001, with registration number ARBN 675 244 783.