11:49 Nov 1, 2013 |
Portuguese to English translations [PRO] Bus/Financial - Law: Contract(s) | |||||||
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| Selected response from: Gilmar Fernandes United States Local time: 19:28 | ||||||
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4 | Real time gross settlement |
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4 | Real time gross settlement |
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Real time gross settlement Explanation: http://en.wikipedia.org/wiki/Real-time_gross_settlement -------------------------------------------------- Note added at 8 mins (2013-11-01 11:58:03 GMT) -------------------------------------------------- Real time gross settlement systems (RTGS) are funds transfer systems where transfer of money or securities[1] 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. Once processed, payments are final and irrevocable. |
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Real time gross settlement Explanation: Real Time Gross Settlement (RTGS) Definition | Investopedia www.investopedia.com/terms/r/rtgs.asp The continuous settlement of payments on an individual order basis without netting debits with credits across the books of a central bank -------------------------------------------------- Note added at 8 minutos (2013-11-01 11:58:04 GMT) -------------------------------------------------- http://www.answers.com/topic/real-time-gross-settlement |
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