Real-time gross settlement system (RTGS) - Financial definition
Concise definition of the term real-time gross settlement system
A real-time gross settlement system is a system which executes instructions for fund transfers between banks on an individual basis.
Comprehensive definition of the term real-time gross settlement system
In an RTGS system, the instruction is executed as soon as it arrives in the system (real-time) and is not netted with other instructions (gross).