RTGS Full Form | What Does RTGS Stand For?

RTGS: Real-Time Gross Settlement

RTGS Full Form

RTGS full form stands for Real-Time Gross Settlement. The real-time gross settlement is a specialized fund transfer system, where money or securities are transferred from one bank to another on a “real-time” and “total” basis.

Brief History

By 1985, three central banks had implemented the RTGS system, while by the end of 2005, 90 central banks had implemented the RTGS system.

The first system to feature the RTGS system in 1970 was the US Feed Wire System. It was based on an earlier method of electronically transferring funds between US Federal Reserve banks via telegraph.

Brief Explanation

Settlement in “real-time” means that the payment transaction does not have to wait long, the transaction is fixed with the processing of the transaction. “Aggregate settlement” means that transactions are settled on a one-to-one basis, without bundling or networking with any other transactions. “Settlement” means that once the action takes place, the payments are final and final.

What Is The Full Form Of RTGS?

RTGS full form stands for Real-Time Gross Settlement. It is a specialized fund transfer system, where money or securities are transferred from one bank to another on a “real-time” and “total” basis. By 1985, three central banks had implemented the RTGS system, while by the end of 2005, 90 central banks had implemented the RTGS system.

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