Real-time gross settlement system (RTGS) - Financial definition
Financial acronyms
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Concise definition of the term real-time gross settlement system
A real-time gross settlement system is a system which executes instructions for fund transfers between banks on an individual basis.
Comprehensive definition of the term real-time gross settlement system
In an RTGS system, the instruction is executed as soon as it arrives in the system (real-time) and is not netted with other instructions (gross).