RTGS System definition

RTGS System means the Real Time Gross Settlement system, which is a fully automated systematically important payment system owned and operated by the CBSL. The RTGS system is a component of the LankaSettle System.
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RTGS System means the Real Time Gross Settlement System, which is a fully automated payment system owned and operated by CBSL.
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RTGS System means Real Time Gross Settlement (RTGS) System provided by SBP to the Commercial Bank/Central Depository Company or any other financial institution, which is a mechanism that enables participants to make payments and/or transfer Government Debt Securities to one another electronically on real-time;
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Examples of RTGS System in a sentence

  • Payment of Bills will be made through REAL TIME GROSS SETTLEMENT (RTGS) System while submission of bill prescribed RTGS form shall have to be submitted for each Bill by Contractor/Agency.

  • All payments in Indian Rupee will be made through National Electronic Fund Transfer (NEFT)/ RTGS System.

  • Unit holders can check the list of banks participating in the NEFT System / RTGS System from the RBI website i.e. www.rbi.org.in or contact any of our Investor Service Centres.

  • Unit holders can check the list of banks participating in the NEFT System / RTGS System from the RBI website i.e.www.rbi.org.in or contact any of our Investor Service Centres.

  • The method of payment of Registration Fees shall be through NEFT or RTGS System at the time of filing of the web based online application or through a demand draft drawn on any scheduled bank in case of submission of the application at the Office of the Authority until the web based online application system is operationalized.

  • Customer agrees that he shall not be entitled to make any claim against any party in the RBI NEFT / RTGS System.

  • The technical actors RTGS System and TIPS Operator have full access to all data for a particular currency or all currencies.

  • Payment of Bills will be made through REAL TIME GROSS SETTLEMENT (RTGS) System while submission of bill prescribed RTGS form shall have to be submitted for each Bill by Contractor/Agency.6).

  • The Bank shall not be responsible for the loss, if any, that may be caused to the members or their customers or any person, arising out of any action taken in good faith by the Bank’s staff or malfunctioning or break down of the computer systems, computer network, telecommunication network or any other equipment (inclusive of hardware and software), used in the RTGS System or any force majeure conditions.

  • The Bank shall endeavour to ensure proper operation, control, maintenance and security of the RTGS System.


More Definitions of RTGS System

RTGS System means the real time gross settlement system operated in Hong Kong by Hong Kong Interbank Clearing Limited; and
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RTGS System means the real-time settlement of payments, transfer instructions or other obligations individually on a transaction-by-transaction basis for PRISM Participants.
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Related to RTGS System

  • SDX System means the system used by NERC to exchange system data.

  • Waterworks System or “system” means a system of pipes and structures through which water is obtained and distributed, including but not limited to wells and well structures, intakes and cribs, pumping stations, treatment plants, storage tanks, pipelines and appurtenances, or a combination thereof, actually used or intended for use for the purpose of furnishing water for drinking or household purposes.

  • MERS(R) System The system of recording transfers of Mortgages electronically maintained by MERS.

  • PV System means a residentially hosted roof-top solar electric generating system, including photovoltaic panels, racks, wiring and other electrical devices, conduits, weatherproof housings, hardware, one or more inverters, remote monitoring systems, connectors, meters, disconnects and over current devices.

  • 911 system means the set of network, database and customer premise equipment (CPE) components required to provide 911 service.

  • XXXXX System means the XXXXX filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format).

  • Supplier System means the information and communications technology system used by the Supplier in performing the Services including the Software, the Equipment and related cabling (but excluding the Customer System);

  • Fuel system means the components which store or transport fuel on board the vehicle and comprise the fuel tank system, all fuel and vapour lines, any non-tank mounted fuel pumps and the activated carbon canister.

  • Grid System means STU / MSEDCL power transmission system / distribution system through which Delivered Energy is evacuated and distributed.

  • Customer System means the Customer's computing environment (consisting of hardware, software and/or telecommunications networks or equipment) used by the Customer or the Supplier in connection with this Contract which is owned by or licensed to the Customer by a third party and which interfaces with the Supplier System or which is necessary for the Customer to receive the Services;

  • Operating System refers to the software that manages Hardware for Programs and other software.

  • Cabinet x-ray system means an x-ray system with the x-ray tube installed in an enclosure independent of existing architectural structures except the floor on which it may be placed. The cabinet x-ray system is intended to contain at least that portion of a material being irradiated, provide radiation attenuation, and exclude personnel from its interior during generation of radiation. Included are all x-ray systems designed primarily for the inspection of carry-on baggage at airline, railroad, and bus terminals, and in similar facilities. An x-ray tube used within a shielded part of a building, or x-ray equipment that may temporarily or occasionally incorporate portable shielding, is not considered a cabinet x-ray system.

  • SCADA System means the Supervisory Control and Data Acquisition System which is composed of all telemetering and remote terminal units (“RTU”) at the Facility and associated with the Grid System or BPDB’s Control Center;

  • Combined sewer system means a system for conveying both sanitary sewage and storm water runoff.

  • Production System means a live SAP system used for running Licensee’s internal business operations and where Licensee’s data is recorded.

  • Fire alarm system means a system designed to detect and annunciate the presence of fire, or by-products of fire. Fire alarm system includes smoke detectors.

  • Alarm system means equipment and devices assembled for the purpose of:

  • Open video system means an open video system authorized pursuant to 47 U.S.C. § 573 and, for

  • Leak-detection system means a system capable of detecting the failure of either the primary or secondary containment structure or the presence of a release of hazardous waste or accumulated liquid in the secondary containment structure. Such a system must employ operational controls (e.g., daily visual inspections for releases into the secondary containment system of aboveground tanks) or consist of an interstitial monitoring device designed to detect continuously and automatically the failure of the primary or secondary containment structure or the presence of a release of hazardous waste into the secondary containment structure.

  • smart metering system means an electronic system that can measure energy consumption, providing more information than a conventional meter, and can transmit and receive data for information, monitoring and control purposes, using a form of electronic communication;

  • Tank system means a hazardous waste storage or treatment tank and its associated ancillary equipment and containment system.

  • New tank system means a tank system that will be used to contain an accumulation of regulated substances and for which installation has commenced after December 22, 1988.

  • Water System or “water works” means all public facilities for securing, collecting, storing, pumping, treating, and distributing water.

  • Application Software means Software formulated to perform specific business or technical functions and interface with the business or technical users of the System and is identified as such in Appendix4 of the Contract Agreement and such other Software as the parties may agree in writing to be Application Software.

  • IT System all computer hardware (including network and telecommunications equipment) and software (including associated preparatory materials, user manuals and other related documentation) owned, used, leased or licensed by or to the Company.

  • TARGET2 System means the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) system or any successor thereto.