Real-time Gross Settlement (RTGS)

RTGS (locally called as SATENA) is an electronic system in which processing and settlement of transactions between the banks take place on a "real time" basis and "gross" basis. Real time settlement means that the transaction perform almost immediately and gross settlement refers to the transaction settled one by one.

IDCORP RTGS bank to bank has the ability to work with a variety of banking systems that have been centralized. The most important feature in the interbank payment system (SANA) is the use of service oriented architecture (SOA) and three-layer design software (user interface, business and data) to speed up system performance, easy connect to a variety of systems, and increase security. In the system, the complete reconciliation process is done automatically.

RTGS Highlights