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RTGS

   Also found in: Financial, Wikipedia 0.01 sec.
AcronymDefinition
RTGSReal-Time Gross Settlement (funds-transfer method)
RTGSRoyal Thai General System of Transcription (Royal Institute of Thailand)
RTGSReal Time Gross System (payment system)
RTGSReflective Traffic Gloves, Small


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For addressing the issue of delay in interbank settlement of remittance transactions, SBP has put in place a mechanism whereby the banks would inform twice a day to each other about the bank accounts to be credited with the remittances received while the funds shall route through RTGS simultaneously with the exchange of information.
The bank's customers will have a wide choice of remittances of funds through RTGS, NEFT, and ECS within the country and receive remittance of funds from foreign countries through the channel provided by MoneyGram.
Reuters CBE launches RTGS As part of the second phase of the financial sector reform program, the Central Bank of Egypt (CBE) launched the system of Real Time Gross Settlements (RTGS), the bank said in a statement on the stock exchange website.
 
 
 
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