Central Banking

Japan's Next-Generation RTGS

This paper from the Bank of Japan's Payment and Settlement Systems Department provides an overview of the RTGS project and discusses how it is expected to enhance the safety and efficiency of the settlement mechanism for large-value payments in Japan.

In February 2006, the Bank of Japan decided to implement the neXt-Generation RTGS project (RTGS-XG) of the BOJ-NET Funds Transfer System. Under the RTGS-XG project, BOJ-NET will introduce liquidity-saving features. The new system will also

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