Real-time Gross Settlement (RTGS)
Overview
01
- Real-Time Gross Settlement (RTGS) by Advanced Software Development (ASD) is a secure and efficient platform for processing large-value and time-critical fund transfers between banks in Bangladesh, in full compliance with Bangladesh Bank RTGS guidelines.
02
- The system ensures instant settlement on a transaction-by-transaction basis, eliminating settlement risk and delays.
03
- RTGS streamlines high-value payments, government securities transactions, and interbank settlements, ensuring speed, accuracy, and transparency.
Key Features
- Real-Time Processing– Instant settlement of interbank, corporate, and government high-value payments.
- Central Bank Compliance– Fully aligned with Bangladesh Bank RTGS framework.
- Credit Push System– Ensures funds are transferred only when sufficient balances are available.
- Queue Management– Prioritizes urgent payments, with intelligent queuing for pending transactions.
- Straight-Through Processing (STP)– Automated payment processing with minimal manual intervention.
- End-to-End Security– Encrypted communications, RBAC, and detailed audit trails.
Benefits
Instant Settlement
Eliminates interbank settlement risk with real-time processing.
Reduced Liquidity Risk
Supports liquidity-saving mechanisms (LSM).
Regulatory Compliance
Meets all Bangladesh Bank standards.
Improved Transparency
Real-time tracking, dashboards, and reporting for all stakeholders.
Operational Efficiency
Reduces manual workload in high-value transactions.
Highlights
- High-value interbank payments.
- Government securities transactions.
- Corporate bulk high-value transfers.
- Central bank settlement integration.
- Liquidity-saving & queue management.
- High-value interbank payments.
- Government securities transactions.
- Corporate bulk high-value transfers.
- Central bank settlement integration.
- Liquidity-saving & queue management.
Technology Stack
Client Success Story
Standard Chartered Bank
“Standard Chartered Bank is using the Cheque Processing System (CPS) developed by Advanced Software Development (ASD). We are very satisfied with the services provided by ASD’s support team, offered whenever required. We congratulate ASD for delivering such a wonderful software and excellent performance.”
Standard Chartered Bank
“Standard Chartered Bank is using the Cheque Processing System (CPS) developed by Advanced Software Development (ASD). We are very satisfied with the services provided by ASD’s support team, offered whenever required. We congratulate ASD for delivering such a wonderful software and excellent performance.”
Frequently asked Questions
Q1: What type of transactions can RTGS handle?
High-value interbank transfers, government payments, corporate bulk payments, and securities settlements.
Q2: How secure is the system?
The platform ensures multi-layer security with encryption, RBAC, digital certificates, and audit trails.
Q3: Does RTGS support international standards?
Yes, it supports ISO 20022, SWIFT messaging, and Bangladesh Bank RTGS protocols.
Q4: Can it integrate with Core Banking Systems?
Yes, via secure APIs, MQ, and SWIFT interfaces for seamless interoperability.
Q5: What resilience features are included?
The system supports disaster recovery, failover servers, and backup mechanisms for uninterrupted operations.
