ProgressSoft’s Real-Time Gross Settlement system empowers central banks and monetary agencies with the means to control large-value payment transactions in a safe, reliable and irrevocable environment.
The solution utilizes cutting-edge technology that is compliant with international standards and liquidity risk management with its main role being the settlement of interbank payment transactions.
PS-RTGS is designed as a modular system to meet varying requirements in a highly automated and configurable manner. The system is functionally partitioned into scalable modules that facilitate the incorporation of change.
Compliance with International Standards
PS-RTGS offers central banks a solution that complies with international standards that establish a set of principles for the safe and efficient operation of payment systems and financial market infrastructures issued by the BIS.
Full Financial Transactions Support
PS-RTGS supports all standard financial transactions including urgent and high-value credit payment transactions between participants, the settlement of Net Clearing Positions (NCPs), Opening and Closing Legs of Repurchase Orders (REPOs) and Delivery vs. Payment (DvP) transactions.
PS-RTGS fully interoperable with Automated Clearing House solutions and can be readily interfaced with other systems for retail payments.
PS-RTGS provides a set of liquidity management facilities that allow central banks to provide liquidity to participants and enables participants to efficiently monitor and manage their liquidity.
Multilingual and Multicurrency
PS-RTGS is a multilingual, multi-currency solution that meets the needs of the central bank and participant banks with respect to auditing, monitoring and reporting.
PS-RTGS incorporates an accounting system that allows participant banks to hold their balances and reserves. The system allows for the management of participants’ settlement and collateral accounts.
PS-RTGS offers a facility to carry out securities transactions such as the purchasing of bonds, equities and money market instruments.
PS-RTGS enables the central bank to fine-tune the operations of the system to match the rules and regulations imposed by it on all participants in the network.
PS-RTGS can be hosted at the central Bank where banks can seamlessly connect to the central system without having to install anything on their premises. If the regulation allows, banks and central banks can connect to PS-RTGS on the cloud.
Accelerated Liquidity Flow
Automates large-value payments and reduces transaction costs, enhancing reliability and promoting economic activity
Ensures the secure finality of settlement, mitigating settlement risk, liquidity risk, credit risk and systematic risk
Reduced Costs & Increased Revenues
Provides banks with same-day deployment of cash due to adjustable and continuous settlement sessions
Enhanced Circulation of Funds
Acts as a financial infrastructure that supports all economic activity including commercial activity and financial transactions
Fostered Financial Stability
Allows the central bank to enhance monetary policy, manage liquidity and address risks associated with the financial stability