GLOBAL PAYMENTS KNOWLEDGEISO 20022 / SWIFT / SEPA / MT / MX
PAYMENTSSIGNAL

The interactive academy for the standards, messages, and rails that move money.

PROGRESS
DRILL · RTGS VERSUS DEFERRED NET SETTLEMENT

The words behind RTGS versus deferred net settlement

Read the plain-language definition, then name the term it describes.

A settlement model where each payment settles individually and immediately in central bank money, with no netting.

Step 1 of 2

THE DRILL AS TEXT

  1. A settlement model where each payment settles individually and immediately in central bank money, with no netting.
    • RTGS — Real-Time Gross Settlement
  2. Payments accumulate and offset over a clearing cycle; only each participant's net balance settles, at scheduled times.
    • Deferred net settlement

This drill is built from RTGS versus deferred net settlement — it rearranges material written and sourced on that page rather than asserting anything new, so every claim in it is checkable there.