Settlement

A real-time gross settlement (RTGS) system is the foundation upon which new electronic and risk-free payment services can be developed. The term gross refers to the settlement mechanism: payment orders are settled one by one by the system and at the same moment they are originated, provided there are sufficient funds or credits available in the settlement account.

Perago:RTGS is the RTGS solution offered by the SIA Group though Perago, a South-African company part of SIA Group since 2005. Perago:RTGS consists of a base system to which modules can be added to improve operational efficiency, in order to ensure the greatest possible flexibility.  The Perago's RTGS solution has already been implemented in the Central Banks of many African and European countries.

RTGS is a mission critical system: its resilience is one of the key objectives of Central Banks. sia RECS - RTGS Extreme Contingency Service - is aiming to service the Central Banks facing a disaster covering with a wide number of possible scenarios.