( Finance : Banking )
The construction of the RTGS system permits large value transfers to clear and settle with immediate finality.
An RTGS system has been implemented, allowing for both real time and end-of-day delivery
versus payment service.
An RTGS is a type of electronic transfer where the money is immediately taken from the payer
and the payee has access to it right away.
Collins English Dictionary. Copyright © HarperCollins Publishers