
Real-time Real Talk: A Real-time Payments Download (2 of 3)
Part II - The Why and How
Why does real-time matter?
All-day, every-day real-time gross settlement
First, real-time gross settlement (“RTGS”). What is it? Breaking it into parts, we have real-time and gross settlement. Real-time settlement is when payments’ clearing (sending the message) and settlement (moving the money) occur more