What is Real-Time Gross Settlement (RTGS)?

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Real-Time Gross Settlement (RTGS) is a high-value payment system where the transfer of funds occurs continuously and individually, ensuring that each transaction is final and irrevocable upon completion, thereby significantly reducing settlement risk in the financial system. Operated by central banks globally, RTGS facilitates the immediate movement of large-value interbank transfers, supporting critical market functions like foreign exchange and securities settlement.

Real-Time Gross Settlement (RTGS)

What is Real-Time Gross Settlement (RTGS)?

What is the primary function of a Real-Time Gross Settlement (RTGS) system and how does it mitigate systemic risk?

How does Real-Time Gross Settlement (RTGS) differ from Net Settlement systems and what are the implications for liquidity management?

What is the role of central banks in operating RTGS systems and how are these systems evolving to integrate with modern payment technologies like stablecoins?

When did major economies adopt RTGS and what are some key examples of these systems globally, including their operational hours and transaction volumes?

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