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From Wikipedia, the free encyclopedia
Real time gross settlement systems (RTGS) are funds transfer systems where transfer of money or securities[1] takes place from one bank to another on a "realtime" and on "gross" basis. Settlement in "real time" means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. "Gross settlement"means the transaction is settled on one to one basis without bunching or netting with any other transaction. Once processed, payments are final and irrevocable.
[edit]Existing systems

Below is alisting of countries and their RTGS systems:
Albania - AECH, RTGS
Australia - RITS (Reserve Bank Information and Transfer System)
Bosnia and Herzegovina - RTGS
Bulgaria - RINGS (Real-time INterbankGross-settlement System)
Brazil - STR (Sistema de Transferência de Reservas)
Canada - LVTS (Large Value Transfer System) (This is actually an RTGS Equivalent system. Final settlement happens in theevening.)
China - China National Advanced Payment System ("CNAPS") (also called "Super Online Banking System)[2]
Chile - LBTR/CAS (Spanish: Liquidación Bruta en Tiempo Real)
Croatia - HSVP (Croatian:Hrvatski sustav velikih plaćanja)[3]
Czech Republic - CERTIS (Czech Express Real Time Interbank Gross Settlement System)
Egypt - RTGS
Hong Kong - Clearing House Automated Transfer System (CHATS)Hungary - VIBER (Hungarian: Valós Idejű Bruttó Elszámolási Rendszer)
India - RTGS[4], NEFT
Indonesia - Sistem Bank Indonesia Real Time Gross Settlement (BI-RTGS)
Iran - SATNA (سامانه تسویه ناخالصآنی, Real-Time Gross Settlement System)
Israel - Zahav (Credit and Transfers in Real Time)[5]
Japan - BOJ-NET (Bank of Japan Financial Network System)[6]
Kenya - Kenya Electronic Payment andSettlement System (KEPSS)
Kuwait - KASSIP (Kuwait's Automated Settlement System for Inter-Participant Payments)
Macedonia - MIPS (Macedonian Interbank Payment System)[7]
Malawi - MITASS (Malawi...