Transactions largely based on trust
Manual, offline regulator reporting
Cost and risk of using outdated nostro/vostro accounts
Limited data capability
RTGS.global real-time view of International Multi-Currency Liquidity
RTGS.global real-time view of Domestic Liquidity Liabilities
RTGS.global Stage 1 commenced in June 2020.
This followed our build phase where we completed testing the core RTGS network with our partners Microsoft for performance, scalability and operational risk.
Significant transactional performance has already been achieved on the core infrastructure. In tandem with this work, extensive planning commenced and continues regarding regulatory oversight and construction of our operating regulations.
Your journey starts with access to the RTGS.global extranet.
The first RTGS.global transactions are taking place now in a closed loop environment. Our desktop experience replicates all the core RTGS.global functionality, enabling interactive testing delivering a true operational experience. During Stage 1 all feedback and interactions will be collated, as we fine tune the platform and operating regulations. Multi Territorial Banks are able to test their own intergroup liquidity visibility and see improvements across their existing correspondent network in real-time. 44,000+ Banks around the world already have RTGS.global identifiers enabled.
Discussions and plans relating to technical integration and operational procedures will take place.
Stage 3 will commence in late 2020. Phase 3 involves creating the real-time global settlement accounts that are integrated and operated by you within your bank existing core infrastructure. This integration work can be supported by our global network of technical partners and core banking systems vendors.
During the final stages of Stage 3, Banks will invite their customers to test and experience the RTGS.global service on a progressive basis. This process will confirm their own network service level agreements for their transactions. The RTGS core operates at circa 300 milliseconds per transaction. Once final testing is completed and certified network compliant, full availability of the RTGS.global network is enabled.