Real Time Gross Settlement

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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.
References in periodicals archive ?
TREND 1: DIFFUSION OF REAL-TIME GROSS SETTLEMENT SYSTEMS (2)
In 1997, the CPSS published a report on real-time gross settlement systems and in 2005 a report on new developments in large-value payments systems that focused on changes since the RTGS report.
procedure contrasts with real-time gross settlement systems
Key Design Issues in Real-Time Gross Settlement Systems
In this article, we simulate deferred settlement mechanisms to understand the liquidity implications of using the mechanisms to complement real-time gross settlement systems.

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