December 10, 2018
The Fed seeks comment on the benefits of it creating a new Real Time Gross Settlement System (RTGS) that would operate 24/7/365 enabling payments to clear and settle on a real time basis at any time. Another part of the proposal would create a Liquidity Management Tool (LMT) that would help banks manage fund balances in their faster payments accounts to ensure that excess funds don’t build up and that balances are adequate to ensure that all authorized transactions are processed.
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