RTGS definition

RTGS means real-time gross settlement;
RTGS means the Philippine Payment Settlement System via Real Time Gross Settlement that allows banks to effect electronic payment transfers which are interfaced directly to the automated accounting and settlement systems of the BSP;

Examples of RTGS in a sentence

  • Bank Account No., Bank Branch Name, RTGS Code on Factory letter head.

  • The scanned copy of RTGS/ NEFT with transaction ID certified by the same bank must be enclosed along with the e-Bid.

  • Successful Bidder can submit the Performance Security in the form of Payment online through RTGS / internet banking also (besides PBG which is allowed as per GeM GTC).

  • The Bidder`s shall have to pay e-Bid document fee and EMD as mentioned in Data sheet through RTGS/ NEFT on addresses given in data sheet.

  • We identify a series of dependencies and considerations for both the public and private sector to address in order to take advantage of RTGS extensions as well as other opportunities to address Settlement Risk, such as the use of stable coins or central bank digital currencies.


More Definitions of RTGS

RTGS means the real time gross settlement system that is established and operated by the Authority under section 29A(1) of the Monetary Authority of Singapore Act (Cap. 186);
RTGS means real-time gross settlement; “RTGS Account” means the real-time gross settlement account which a Participant has in MEPS+; “Service Provider” means the operator of MEPS+; “Secondary Dealer” means a financial institution approved by MAS to be a dealer of SGSMB, that is not a Primary Dealer; “SGS” or “Singapore Government Securities”, means Government securities as defined in and issued under the Government Securities Act (Cap. 121A) and Treasury Bills as defined in and issued under the Local Treasury Bills Act (Cap. 167); “SGSMB” means SGS, MAS Bills, or both, as the case may be; “SGSMB transaction” means a transaction for the sale, purchase, repurchase or transfer of SGSMB under MEPS+, whether for consideration or otherwise, and whether including or free of payment under MEPS+; “Sponsoring Bank” shall have the same meaning as that defined in the “Bye-Laws of Singapore Clearing House Association in respect of G3”; “Sponsored User” shall have the same meaning as that defined in the “Bye- Laws of Singapore Clearing House Association in respect of G3”;
RTGS are specialist funds transfer systems where the transfer of money or securities takes place from one bank to another on a "real time" and on a "gross" basis.