RTGS System definition

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 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 operated in Hong Kong by Hong Kong Interbank Clearing Limited; and
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Examples of RTGS System in a sentence

  • Each amount payable under Clause 6.1 (Issuer to pay Principal Paying Agent) shall be paid unconditionally by credit transfer in Renminbi and in same day, freely transferable, cleared funds through the RTGS System not later than 2.00 p.m. (Local Time) one Local Banking Day prior to each payment day to such account with such bank in Hong Kong as the Principal Paying Agent may from time to time by notice to the Issuer (with a copy to the Trustee) specify for such purpose.

  • For the avoidance of doubt, all money paid in RMB shall be considered to be in immediately available freely convertible funds for the purposes of the first sentence of paragraph 6(a) if such payments are made through the RMB RTGS System.


More Definitions of RTGS System

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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Related to RTGS System

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

  • ▇▇▇▇▇ System means the ▇▇▇▇▇ 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).

  • Waterworks System means all waterworks and all appurtenances thereto, including water mains, service connections, pumping stations, wells, water storage facilities and treatment plants, and owned, controlled, maintained and operated by the City or by agreement between the City and others.

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

  • PV System means, a photovoltaic system, including Solar Photovoltaic Panels, Inverters, Racking Systems, wiring and other electrical devices, as applicable, conduits, weatherproof housings, hardware, remote monitoring equipment, connectors, meters, disconnects and over current devices (including any replacement or additional parts included from time to time).