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Glosario de términos


  • Real-time gross settlement system (RTGSS)
    A settlement system in which processing and settlement take place on a transaction-by-transaction basis (without clearing) in real time (continuously). Each of the European Union central banks has an RTGSS, each with its own characteristics that, along with the ECB payment mechanism, make up TARGET, a trans-European payment system for the euro. In the case of Spain, the Spanish RTGSS is the Banco de España Settlement System (SLBE).