home/glossary/Real time gross settlement (RTGS) System

Real time gross settlement (RTGS) System

nounid 3759·updated Aug 30, 2026
verified· unreviewed

A type of payments system operating in real time rather than batch processing mode. It provides immediate finality of transactions. Gross settlement refers to the settlement of each transfer individually rather than netting. FedwireÒ is an example of a real time gross settlement system.

MWE

Attested in

No recorded attestations. They are written when an MWE tagging stage is completed, stamped with the pack version and the document’s digest.

Classifications

Entity Type

System0%rule-basedmulti_axis_classifier_low_confidence.v1

Sensitivity

Regulated80%llm-generatedllm:claude-haiku-4-5

Information Class

75%llm-generatedllm:claude-haiku-4-5

Variants

plural
Real time gross settlement (RTGS) Systems
possessive
Real time gross settlement (RTGS) System's
pluralpossessive
Real time gross settlement (RTGS) Systems'

Framework definitions

Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
§1
A type of payments system operating in real time rather than batch processing mode. It provides immediate finality of transactions. Gross settlement refers to the settlement of each transfer individually rather than netting. FedwireÒ is an example of a real time gross settlement system.
Legacy lexicon import1 senseview framework →
§1 · legacy_primary
A type of payments system operating in real time rather than batch processing mode. It provides immediate finality of transactions. Gross settlement refers to the settlement of each transfer individually rather than netting. FedwireÒ is an example of a real time gross settlement system.
DR-088 backfill from the noun definition column

Outgoing relationships

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This term is not the subject of any RDF-style relationship yet.

Incoming relationships

No incoming triples
No other term currently asserts a relationship to this one.