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Oct 18, 2024 · RTGS is currently being renewed, with industry and for industry, to respond to the changing payments landscape. From Spring 2025, the renewed RTGS service will deliver a more resilient, flexible and innovative sterling settlement system to support monetary and financial stability.
The renewed RTGS is being built in a modular way to make it easier to add new functionality, and is a platform for future innovation. The Roadmap for Real-Time Gross Settlement service beyond 2024 consultation seeks views on what the future functionality of RTGS could include once the new core settlement engine has been introduced in spring 2024.
Oct 18, 2024 · Under the next phase of the RTGS Renewal Programme, we will move to a new core ledger and settlement engine for RTGS; this will deliver a more resilient, flexible and innovative sterling settlement system to support monetary and financial stability.
Sep 5, 2023 · The Bank of England (BoE) published its consultation paper in April (2022) on the roadmap for real-time gross settlement (RTGS) service beyond 2024, which seeks to gain industry input on what features should be implemented for the next stage of RTGS.
RTGS Renewal programme update The Bank of England announced a plan to replace the existing CHAPS system. Our vision is to develop an RTGS service which is fit for the future, enabling improved resilience, enhanced user functionality and access, wider interoperability and strengthened end-to-end risk management of the UK’s High Value Payment ...
Apr 25, 2023 · On 25 April 2023, the Bank of England (BoE) published a statement on the renewed Real-Time Gross Settlement (RTGS) service. In the statement, the BoE confirms that the renewed service will take effect from June 2024 and will deliver benefits across a number of areas.
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Why is RTGS being renewed?
Will RTGS be available beyond 2024?
Will the renewed RTGS service deliver benefits beyond transition state 3?
How will the RTGS service evolve beyond transition state 3?
What are RTGS renewal priorities?
What's new in the RTGS renewal programme?
The renewed RTGS service will deliver a range of new features and capabilities, including increased resilience, greater access, wider interoperability, improved user functionality and strengthened end-to-end risk management. The planned capabilities were set out in the RTGS Renewal Blueprint.
