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Real-Time Gross Settlement RSS
What will real-time gross settlement services be like in the future?
The Eurosystem operates two systems that form the backbone of the financial market infrastructure in Europe – TARGET (the real-time gross settlement (RTGS) system for the euro) and TARGET2-Securities, or T2S (the single securities settlement platform). TARGET, launched 17 years ago, enables payment transactions to be settled immediately in central bank money and supports the [...]
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Reserve Bank of New Zealand select SIA for new RTGS system
The Reserve Bank of New Zealand (RBNZ) will replace its current Exchange Settlement Account System (ESAS) with an Real-Time Gross Settlement (RTGS) operating on a standalone IT infrastructure that incorporates substantial redundancy and resiliency feature. The New Zealand central bank went to public tender for the new system in January 2015 after contracting with Ernst & [...]
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