A) Real Time Gross Settlement
B) Real Time General settlement
C) Run Time Gross Settlement
D) Regular Time General Settlement
E) Regular Time Gross Settlement
Correct Answer: A
Solution :
[a] RTGS stands for Real Time Gross Settlement, which can be defined as the continuous settlement of funds transfers individually on an order by order basis. 'Real Time' means the processing of instructions at the time they are received rather than at some later time; 'Gross Settlement' means the settlement of funds transfer instructions occurs individually.
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