Fedwire Definition
Fedwire is the Real-Time Gross Settlement (RTGS) system operated by the Federal Reserve Banks, providing a high-speed, secure, and non-reversible mechanism for
Fedwire is the Real-Time Gross Settlement (RTGS) system operated by the Federal Reserve Banks, providing a high-speed, secure, and non-reversible mechanism for transferring high-value, time-critical payments between financial institutions in the United States. Each transaction is processed and settled individually and immediately upon receipt, granting settlement finality and eliminating credit risk between participants.