RTGS networks settle high-value, time-critical interbank funds transfers individually and in real time.
RTGS SETTLEMENT ENGINE
• Gross Settlement Basis: Processing every transaction individually as it occurs, rather than batching them together at the end of the day.
• Central Bank Core Ledger Integration: Transferring funds directly through commercial bank reserve accounts held at the central bank, eliminating interbank credit risk.
• Final and Irrevocable Status: Once an RTGS transfer is processed, the settlement is final and cannot be reversed by the sender.
• High-Value Priority Routing: Reserving the network for large corporate payments, commercial property acquisitions, and interbank money market transactions.
• Queue Optimization Algorithms: Using automated central bank systems to hold transfers in queues if a bank temporarily lacks sufficient reserve cash, processing them as liquidity arrives.