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September 2016A new RTGS service for the
United Kingdom: safeguarding stability,
enabling innovation
A Consultation PaperContents
Introduction and executive summary31Overview of the current RTGS service82What
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What is a new rtgs service?
A new RTGS service is a Real Time Gross Settlement service provided by financial institutions for immediate fund transfers.
Who is required to file a new rtgs service?
Financial institutions and entities that facilitate fund transfers are required to file a new RTGS service.
How to fill out a new rtgs service?
To fill out a new RTGS service, the required information must be entered accurately in the designated form or system provided by the relevant authorities.
What is the purpose of a new rtgs service?
The purpose of a new RTGS service is to enable real-time settlements of large-value transactions, ensuring efficient and secure fund transfers.
What information must be reported on a new rtgs service?
Information such as sender's details, recipient's details, amount transferred, transaction reference, and purpose of transfer must be reported on a new RTGS service.
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