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BAFT Certificate In Principles Of Payments (CertPAY) Practice Test

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A bank must send a time-critical interbank payment where each transaction should settle individually and with immediate finality rather than being netted with others. Which system type is most appropriate?
Correct Answer:
Real-time gross settlement
Explanation:
Real-time gross settlement processes eligible payments individually on a gross basis and is designed for rapid, final settlement, making it appropriate for high-value or time-critical interbank payments.

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