Real Time Gross Settlement

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:city
gptkbp:abbreviation gptkb:RTGS
gptkbp:contrastsWith net settlement
gptkbp:enables immediate fund transfer
gptkbp:example gptkb:Fedwire
gptkb:CHAPS
gptkb:TARGET2
gptkb:RTGS_India
gptkbp:guarantees finality of payment
https://www.w3.org/2000/01/rdf-schema#label Real Time Gross Settlement
gptkbp:introduced 1980s
gptkbp:operatedBy central banks
gptkbp:operates during business hours
gptkbp:reduces settlement risk
gptkbp:requires pre-funded accounts
gptkbp:settlementType real-time
gross
gptkbp:supports high-value transactions
gptkbp:used_in many countries
banking industry
gptkbp:usedFor large-value fund transfers
gptkbp:bfsParent gptkb:RTGS_India
gptkbp:bfsLayer 6