A) Credit Adequacy Risk
B) Liability Risk
C) Settlement Risk
D) Transaction Risk
E) Asset Risk
Correct Answer: C
Solution :
[c] Real time gross settlement systems (RTGS) are specialist funds transfer systems where transfer of money or securities takes place from one bank to another on a "real time" and on "gross" basis. Settlement in "real time" means payment transaction is not subjected to any waiting period; thus minimizing settlement risk. Settlement risk is the risk that a settlement in a transfer system does not take place as expected.
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