real-time gross settlement payment system
- real-time gross settlement payment system
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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.
www.practicallaw.com.
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 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 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
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
