5 lines
517 B
Markdown
5 lines
517 B
Markdown
# Real Time Gross Settlement
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Real time gross settlements (RTGS) systems are a type of database technology that domestic settlement and clearing systems are based on. RTGS systems are responsible for batching financial transactions between [bank](bank.md) or other financial institutions and netting out transactions between parties so that payments can be settled on a periodic or real-time basis.
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## References
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1. Roche, Cullen O. 2011. ‘Understanding the Modern Monetary System’. http://ssrn.com/paper=1905625. |