RTGS refers to a funds transfer system where transfer of funds takes place from one bank to another on a Real-time and on Gross basis. Here what Real Time means?
A. Real time means transactions are settled as soon as they are processed and are not subject to any waiting period.
B. Real time means transactions are settled as soon as they are processed and are subject to any waiting period.
C. Real time means transactions are settled face to face.
D. Real time means transactions are not settled face to face.
Answer:A
RTGS refers to a funds transfer system where transfer of funds takes place from one bank to another on a Real-time and on Gross basis. Here what Real Time means?
A. Real time means transactions are settled as soon as they are processed and are not subject to any waiting period. B. Real time means transactions are settled as soon as they are processed and are subject to any waiting period. C. Real time means transactions are settled face to face. D. Real time means transactions are not settled face to face.