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An RFP was spread inviting expressions of interests from consultants to substitute its real-time gross settlement system with a new automated transfer system (the latter is a combination of both clearing and settlement capabilities), and to set up a new platform for a central securities depository (CSD).
Its Real-Time Gross Settlement (RTGS) system is crucial for handling settlements between banks, handling an average PS570bn of payments a day.
The Central Bank plans to buy a combined real-time gross settlement and clearing computer system, which is due to start operating at the beginning of 2015.
The mentioned aims in the Euro zone are accomplished by joining the NPSS to the Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET).
The first four trends--the diffusion of real-time gross settlement (RTGS) systems, the take-off of hybrid systems, the emergence of cross-border and offshore systems, and the rise of Continuous Linked Settlement (CLS) Bank--are all associated with settlement technology and fall into the first category.
Rapid is a DIFC initiative to provide a real-time gross settlement (RTGS) payment systems infrastructure within the DIFC to financial institutions operating within the centre and throughout the region.
RAPID is a DIFC initiative to provide a real-time gross settlement (RTGS) payment systems infrastructure from within the DIFC to financial institutions operating within the centre and throughout the wider region.
LogicaCMG (LSE: LOG), a leading IT services company, today announces that its Real-Time Gross Settlement (RTGS) product Central Accounting System (CAS) will now run on a Microsoft Windows Server platform.