Real Time Gross Settlement payment system
Real-Time Gross Settlement (RTGS) payment system
International
A payment system through which transactions are processed and settled continuously (in "real-time") rather than being deferred to the end of the trading day. Each transaction is settled individually rather than on a net basis and therefore each transaction is settled with immediate intra-day finality.
TARGET2 is the current RTGS payment system for the settlement of euro transactions within the eurozone.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Real-Time Gross Settlement payment system — Real Time Gross Settlement (RTGS) payment system International A payment system through which transactions are processed and settled continuously (in real time ) rather than being deferred to the end of the trading day. Each transaction is… …   Law dictionary

  • Real Time Gross Settlement — systems (RTGS) are a funds transfer mechanism where transfer of money takes place from one bank to another on a real time and on gross basis. Settlement in real time means payment transaction is not subjected to any waiting period. The… …   Wikipedia

  • Real-Time Gross Settlement (RTGS) payment system — International A payment system through which transactions are processed and settled continuously (in real time ) rather than being deferred to the end of the trading day. Each transaction is settled individually rather than on a net basis and… …   Law dictionary

  • real time gross settlement (RTGS) payment system — International A payment system through which transactions are processed and settled continuously (in real time ) rather than being deferred to the end of the trading day. Each transaction is settled individually rather than on a net basis and… …   Law dictionary

  • Trans European Automated Real Time Gross Settlement Express Transfer — Pour les articles homonymes, voir Target. Le Trans European Automated Real Time Gross Settlement Express Transfer, surtout connu sous l acronyme Target, de l anglais signifiant littéralement « système de transfert express automatisé transeu …   Wikipédia en Français

  • Payment system — A payment system is a system (including physical or electronic infrastructure and associated procedures and protocols) used to settle financial transactions in bond markets, currency markets, and futures, derivatives or options markets, or to… …   Wikipedia

  • Real estate broker — This article is about the North American practice. For other definitions and practices in other countries, see Real estate. For real property, see Real property. Realtor redirects here. For the real estate industry trade association that refers… …   Wikipedia

  • Clearing House Automated Transfer System — The Clearing House Automated Transfer System, or CHATS, is a Real Time Gross Settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a private company jointly owned by the Hong Kong …   Wikipedia

  • Indian settlement systems — India has two main electronic funds settlement systems for one to one transactions: the real time gross settlement (RTGS) and the national electronic fund transfer (NEFT) systems. Transactions which are bulk and repetitive in nature are routed… …   Wikipedia

  • Indian Settlement Systems — India has two funds settlement systems: the Real Time Gross Settlement systen (RTGS) and the National Electronic Fund Transfer system (NEFT).Real Time Gross SettlementThe Reserve Bank of India (India s Central Bank) maintains this payment network …   Wikipedia

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