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| 1. |
Real time gross settlement |
| Answer» It refers to a funds transfer system where transfer of funds 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 transactions are settled as soon as they are processed. Gross settlement means the transaction is settled on one to one basis without bunching or netting with any other transaction.<br>Real time gross settlement is the continuous process of settling payments on an individual order basis without netting debits with credits across the books of a central bank (e.g. bundling transactions). | |