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- Title
The Bank of England's Real-Time Gross Settlement infrastructure.
- Authors
Dent, Andrew; Dison, Will
- 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.
- Subjects
UNITED Kingdom; BANK of England; INFRASTRUCTURE (Economics); ECONOMIC equilibrium; ECONOMIC development; POUND sterling
- Publication
Bank of England Quarterly Bulletin, 2012, Vol 52, Issue 3, p234
- ISSN
0005-5166
- Publication type
Article