home/glossary/Fedwire Funds Service

Fedwire Funds Service

nounid 2578·updated May 12, 2026
candidate

The Federal Reserve Banks' high-speed electronic funds transfer system. As a real-time gross settlement system, the Fedwire® Funds Service processes and settles individual payments between participants immediately in central bank money. Once processed, these payments are final.

MWE

Classifications

Entity Type

System0%rule-basedmulti_axis_classifier_low_confidence.v1

Sensitivity

Regulated90%llm-generatedllm:claude-haiku-4-5

Information Class

70%llm-generatedllm:claude-haiku-4-5

Variants

plural
Fedwire Funds Services
possessive
Fedwire Funds Service's
pluralpossessive
Fedwire Funds Services'

Framework definitions

Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
§1
The Federal Reserve Banks' high-speed electronic funds transfer system. As a real-time gross settlement system, the Fedwire® Funds Service processes and settles individual payments between participants immediately in central bank money. Once processed, these payments are final.

Outgoing relationships

No outgoing triples
This term is not the subject of any RDF-style relationship yet.

Incoming relationships

No incoming triples
No other term currently asserts a relationship to this one.