TITLE

The Bank of England's Real-Time Gross Settlement infrastructure

AUTHOR(S)
Dent, Andrew; Dison, Will
PUB. DATE
August 2012
SOURCE
Bank of England Quarterly Bulletin;2012 3rd Quarter, Vol. 52 Issue 3, p234
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The Bank of England operates the United Kingdom's Real-Time Gross Settlement (RTGS) infrastructure for the settlement of electronic sterling transfers. This infrastructure plays a vital role in the safe functioning of the UK financial system and in fulfilling the Bank's core purposes -- maintaining monetary and financial stability. This article explains the role of the RTGS infrastructure, how it operates, and how it reduces risk in the UK financial system. It also outlines how the design of the infrastructure will develop in the coming years. INSETS: Real-time gross settlement versus deferred net settlement;Liquidity recycling.
ACCESSION #
82152845

 

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