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What is Understanding RTGS Systems about?

Real-time gross settlement (RTGS) is a financial settlement system where transfers of money or securities take place from one bank to another on a continuous, real-time, and on a gross basis. In an RTGS system, transactions are settled immediately, permanently, and without bundling or netting with any other transactions across accounts held at a central bank. RTGS systems are typically used for high-value, time-critical transactions and are usually operated by a country

Author

HarshUpadhyay

Language

EN