RTGS System definition

RTGS System means the Real Time Gross Settlement system, which is a fully automated systematically important payment system owned and operated by the CBSL. The RTGS system is a component of the LankaSettle System.
RTGS System means the Real Time Gross Settlement System, which is a fully automated payment system owned and operated by CBSL.
RTGS System means the real time gross settlement system operated in Hong Kong by Hong Kong Interbank Clearing Limited; and

Examples of RTGS System in a sentence

  • Payment of Bills will be made through REAL TIME GROSS SETTLEMENT (RTGS) System while submission of bill prescribed RTGS form shall have to be submitted for each Bill by Contractor/Agency.

  • The technical actors RTGS System and TIPS Operator have full access to all data for a particular currency or all currencies.

  • Description: the project aims to assist NBG with self-assessment of RTGS System against CPMI-IOSCO Principles for Financial Market Infrastructure (for PFMI) through workshops, drafting report and reviewing it.

  • Figure 3.8: Synchronisation via RTGS System 115 Figure 3.9: Global RTGS System interconnectivity (source: RedCompass) ...................................................................................................................................................

  • There are basically two types of payment systems: the Deferred Net Settlement (DNS) system and Real Time Gross Settlement (RTGS) System, which is recommended by the Bank for International Settlement (BIS).63 Like the above mentioned, with net settlement system, banks obviously spend less on liquidity needs, but are vulnerable to systemic risks.

  • Each Type ‘B’ Member will be eligible to submit Multilateral Net Settlement Batch/es (MNSBs) to the RTGS System, as the case may be, for settlement and to receive notifications in respect thereof including broadcast/s, if any, either off-line or on-line.

  • Since March 2016, the Macau RMB Real Time Gross Settlements (RMB RTGS) System has been put into operation, providing real-time settlement services for RMB remittances and interbank transfer of RMB funds.

  • However, the CBB may, at is discretion, change the hours of operation of the RTGS System for a particular day or for any period.

  • Please name banks appointed by depository:Any bank participating in the RTGS System.

  • Payment of Bills will be made through REAL TIME GROSS SETTLEMENT (RTGS) System while submission of bill prescribed RTGS form shall have to be submitted for each Bill by Bidder /Agency.


More Definitions of RTGS System

RTGS System means the real-time settlement of payments, transfer instructions or other obligations individually on a transaction-by-transaction basis for PRISM Participants.
RTGS System means Real Time Gross Settlement (RTGS) System provided by SBP to the Commercial Bank/Central Depository Company or any other financial institution, which is a mechanism that enables participants to make payments and/or transfer Government Debt Securities to one another electronically on real-time;

Related to RTGS System

  • SDX System means the system used by NERC to exchange system data.

  • Waterworks System or “system” means a system of pipes and structures through which water is obtained and distributed, including but not limited to wells and well structures, intakes and cribs, pumping stations, treatment plants, storage tanks, pipelines and appurtenances, or a combination thereof, actually used or intended for use for the purpose of furnishing water for drinking or household purposes.

  • MERS(R) System The system of recording transfers of Mortgages electronically maintained by MERS.

  • PV System means a residentially hosted roof-top solar electric generating system, including photovoltaic panels, racks, wiring and other electrical devices, conduits, weatherproof housings, hardware, one or more inverters, remote monitoring systems, connectors, meters, disconnects and over current devices.

  • 911 system means the set of network, database and customer premise equipment (CPE) components required to provide 911 service.

  • XXXXX System means the XXXXX filing system of the Commission and the rules and regulations pertaining thereto promulgated by the Commission in Regulation S-T under the Securities Act and the Exchange Act, in each case as the same may be amended or succeeded from time to time (and without regard to format).

  • TA2000 System means DST’s TA2000TM computerized data processing system for shareholder accounting.

  • Supplier System means the information and communications technology system used by the Supplier in performing the Services including the Software, the Equipment and related cabling (but excluding the Customer System);

  • Fuel system means the components which store or transport fuel on board the vehicle and comprise the fuel tank system, all fuel and vapour lines, any non-tank mounted fuel pumps and the activated carbon canister.

  • Grid System means STU / MSEDCL power transmission system / distribution system through which Delivered Energy is evacuated and distributed.

  • Customer System means the Customer's computing environment (consisting of hardware, software and/or telecommunications networks or equipment) used by the Customer or the Supplier in connection with this Contract which is owned by or licensed to the Customer by a third party and which interfaces with the Supplier System or which is necessary for the Customer to receive the Services;

  • Operating System refers to the software that manages Hardware for Programs and other software.

  • Cabinet x-ray system means an x-ray system with the x-ray tube installed in an enclosure independent of existing architectural structures except the floor on which it may be placed. The cabinet x-ray system is intended to contain at least that portion of a material being irradiated, provide radiation attenuation, and exclude personnel from its interior during generation of radiation. Included are all x-ray systems designed primarily for the inspection of carry-on baggage at airline, railroad, and bus terminals, and in similar facilities. An x-ray tube used within a shielded part of a building, or x-ray equipment that may temporarily or occasionally incorporate portable shielding, is not considered a cabinet x-ray system.

  • SCADA System means the Supervisory Control and Data Acquisition System which is composed of all telemetering and remote terminal units (“RTU”) at the Facility and associated with the Grid System or BPDB’s Control Center;

  • Combined sewer system means a system for conveying both sanitary sewage and storm water runoff.

  • Production System means a live SAP system used for running Licensee’s internal business operations and where Licensee’s data is recorded.

  • Fire alarm system means a system designed to detect and annunciate the presence of fire, or by-products of fire. Fire alarm system includes smoke detectors.

  • Alarm system means equipment and devices assembled for the purpose of:

  • Open video system means an open video system authorized pursuant to 47 U.S.C. § 573 and, for

  • Leak-detection system means a system capable of detecting the failure of either the primary or secondary containment structure or the presence of a release of hazardous waste or accumulated liquid in the secondary containment structure. Such a system must employ operational controls (e.g., daily visual inspections for releases into the secondary containment system of aboveground tanks) or consist of an interstitial monitoring device designed to detect continuously and automatically the failure of the primary or secondary containment structure or the presence of a release of hazardous waste into the secondary containment structure.

  • smart metering system means an electronic system that is capable of measuring electricity fed into the grid or electricity consumed from the grid, providing more information than a conventional meter, and that is capable of transmitting and receiving data for information, monitoring and control purposes, using a form of electronic communication;

  • Tank system means a hazardous waste storage or treatment tank and its associated ancillary equipment and containment system.

  • New tank system means a tank system that will be used to contain an accumulation of regulated substances and for which installation has commenced after January 14, 1987. (See also “Existing Tank System.”)

  • Water System means the plants, structures and other

  • IT System mean the hardware, software, firmware, middleware, equipment, electronics, platforms, servers, workstations, routers, hubs, switches, interfaces, data, databases, data communication lines, network and telecommunications equipment, websites and Internet-related information technology infrastructure, wide area network and other data communications or information technology equipment, owned or leased by, licensed to, or used to process Company Data and Data Sets (as defined in the Subscription Agreement) in the conduct of the Note Party’s business.

  • TARGET2 System means the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) system or any successor thereto.