Real Time Gross Settlement - RTGS

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Dictionary Says

Definition of 'Real Time Gross Settlement - RTGS'

The continuous settlement of payments on an individual order basis without netting debits with credits across the books of a central bank.
Investopedia Says

Investopedia explains 'Real Time Gross Settlement - RTGS'

Basically, this is a system for large-value interbank funds transfers. This system lessens settlement risk because interbank settlement happens throughout the day, rather than just at the end of the day.
Search results for

'Real Time Gross Settlement (RTGS)'

  • Inside National Payment Systems

    http://www.investopedia.com/articles/economics/08/nps.asp
    ... gross settlement. Real-time gross settlement (RTGS) has become the most
    widely adopted method for large value systems. Real time ...

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