Real Time Gross Settlement System means a payment system in which Options: A . &nbspboth processing and final settlement of funds transfer instructions can take place continuously B . &nbspfinal transaction takes place at the end of the day C . &nbspfinal payment is physically effected within 24 hours D . &nbspfinal settlement of funds take place at 3 PM daily

Real Time Gross Settlement System means a payment system in which

Question

Real Time Gross Settlement System means a payment system in which

Options:

A . both processing and final settlement of funds transfer instructions can take place continuously

B . final transaction takes place at the end of the day

C . final payment is physically effected within 24 hours

D . final settlement of funds take place at 3 PM daily

Answer: Option A

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