Real Time Gross Settlement - RTGS

Real Time Gross Settlement - RTGS

Is a real-time gross settlement system and provides a mechanism through which the final processing and settlement of high-value and reciprocal payment orders between participants will be received continuously during the working day. The actual operation of the system began in 2006. The direct participants in the system are the Ministry of Finance, 70) in addition to the Department for the Care of Minors and the General Authority for Retirement, for the purposes of settlement through their participation in the central storage system for the deposit of government bonds.