Next phase of BoE RTGS project aims for atomic settlement
New platform settled £778 billion on first day of operation, deputy governor says
The Bank of England will explore synchronised settlement in the next phase of the overhaul of its real-time gross settlement (RTGS) system, its deputy governor has said.
Synchronisation is one way of achieving “atomic” settlement, or the simultaneous settlement of payments across different ledgers.
In a speech at London’s Guildhall today (April 29), Dave Ramsden confirmed that a major upgrade of the RTGS system had gone live yesterday, as reported by Central Banking. He said the completely new
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