The Bank of England is considering introducing synchronised settlement as part of its overhaul of the UK’s real-time gross settlement (RTGS) system.
“Payments that involve multiple ledgers and payments supporting asset transfers are often costly, complex and slow,” the BoE said in a document earlier this month. “The longer a transaction takes to complete, the more settlement and price risk can arise.”
It said “synchronisation functionality” could significantly reduce these risks, and improve
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