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 hrs. 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 hrs.

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

Answer: Option A

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