Real Time Gross Settlement payment system

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 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

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