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REAL-TIME GROSS SETTLEMENT SYSTEM (RTGS)

Statistics Directorate    
Definition:
A real-time gross settlement system (RTGS) is a settlement system in which processing and settlement take place on an order-by-order basis (without netting) in real time (continuously).

Source Publication:
European Central Bank Annual Report.

Cross References:
TARGET

Hyperlink:
http://www.ecb.europa.eu/pub/annual/html/index.en.html

Statistical Theme: Financial statistics

Created on Tuesday, November 13, 2001

Last updated on Tuesday, June 11, 2013