Real-time gross settlement

Real-time gross settlement (RTGS) systems are specialist funds transfer systems where the transfer of money or securities^[1] takes place from one bank to any other bank on a "real-time" and on a "gross" basis to avoid settlement risk. Settlement in "real time" means a payment transaction is not subjected to any waiting period, with transactions being settled as soon as they are processed. "Gross settlement" means the transaction is settled on a one-to-one basis, without bundling or netting with any other transaction. "Settlement" means that once processed, payments are final and irrevocable.

^ Committee on Payment and Settlement Systems of the central banks of the Group of Ten countries (March 1997). "Real-Time Gross Settlement Systems" (PDF). Bank for International Settlements: 14. Archived (PDF) from the original on 2010-10-20. {{cite journal}}: Cite journal requires |journal= (help)

[1] Committee on Payment and Settlement Systems of the central banks of the Group of Ten countries (March 1997). "Real-Time Gross Settlement Systems" (PDF). Bank for International Settlements: 14. Archived (PDF) from the original on 2010-10-20. {{cite journal}}: Cite journal requires |journal= (help)

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