Real-time gross settlement and the costs of immediacy

Real Time Gross Settlement Systems: An Overview

Intraday Liquidity Demand of Banks in Real-Time Gross Settlement System

In this study a simulation analysis is applied to address the change in banks liquidity demand due to a shift in settlement method brought about by adopting Real Time Gross Settlement System. At the first stage of this research, we use a data generator model along with some information on the time distribution of coded cheques over a working day in order to produce intraday flow of payment...

Payment system reform in New Zealand – the start of real time gross settlement

From March 1998, the inter-bank settlement of most high value wholesale payments in New Zealand will occur on a real time gross settlement (RTGS) basis. This means that the interbank transfer of funds associated with each such payment will be posted to the exchange settlement accounts of the paying and receiving banks at the Reserve Bank, transaction by transaction, irrevocably and ahead of val...

Settlement Risk under Gross and Net Settlement

Previous comparative analyses of gross and net settlement have focused on the credit risk of the central counterparty in net settlement arrangements, and on the incentives for participants to alter the risk of the portfolio under net settlement. By modeling the trading economy that generates the demand for payment services, we are able to show some largely unexplored advantages of net settlemen...

Intelligent Agent for Serious Game of Real Time Gross Settlement Using Forest Fire Model

The goal of the intelligent agent in this research is fulfill the settlement process in Real Time Gross Settlement (RTGS). The RTGS system is a payment settlement process for individual processing of payments in an electronic system for gross settlement in real time. Settlement process in this research is managed by clearing house. The mechanism at clearing house is a transmitter client sends a...