How are very large sums of money transferred between parties or institutions?

Asked Jun 1, 2014· 1 answer

Faisal KhanAnswered Jun 1, 2014

For very large sums, it is usually RTGS (Real-Time Gross Settlement) System, one that would be operated and administered by the central bank.

Payment Infrastructure Real-Time Gross Settlement (RTGS)Payment Clearing Wire Transfers

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