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Real Time Gross Settlement

   Also found in: Wikipedia 0.01 sec.
Real Time Gross Settlement
An online system allowing the instantaneous transfer of funds and securities between banks. Real time gross settlement exists to settle large transactions between banks so that they can continue to extend credit to each other and to customers. Examples include the fed wire in the United States and CHAPS in the United Kingdom.


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Real Time Gross Settlement ( RTGS), a mechanism through which funds could be transferred to several cities two or three times a day now, is not prepared to carry out transactions from all parts of the country.
The first deliverable is a DIFC - based Euro and US dollar Real Time Gross Settlement (RTGS) system that settles legally and operationally outside of the United States and Europe, respectively.
Real time gross settlement (RTGS): A globally accepted system to minimise interbanki settlement risk by requiring that settlement occurs simultaneously with delivery of payments (i.
 
 
 
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