Real-Time Gross Settlement (RTGS) Definition
Real-Time Gross Settlement (RTGS) is a high-value payment system where the transfer of funds occurs continuously and individually, ensuring that each transactio
Real-Time Gross Settlement (RTGS) is a high-value payment system where the transfer of funds occurs continuously and individually, ensuring that each transaction is final and irrevocable upon completion, thereby significantly reducing settlement risk in the financial system. Operated by central banks globally, RTGS facilitates the immediate movement of large-value interbank transfers, supporting critical market functions like foreign exchange and securities settlement.