An RTGS system is a Real Time Gross Settlement System that is used mainly for large value and important funds settlement instructions to be processed within a payment system in one country. An RTGS system typically represents the major payment system in one country and that allows it to be defined or classified as the country’s major “Systemically Important Payment System”.
An RTGS system defined as a Systemically Important Payment System constitutes the major system that processes the most important types of funds settlement instructions across a country’s payment system and that of course applies to Egypt. And since such payment system abides that sort of importance, it still -as well- encounters a degree of risk that could affect the whole payment system in the same way that the elimination of such associated risks could positively affect the efficiency of liquidity circulation within the payment system.
The Egyptian RTGS system in a snapshot