As at 2013, Real-Time Gross Settlement Is Used to Settle

question 39

Multiple Choice

As at 2013, real-time gross settlement is used to settle payment instructions from:

• A)the clearinghouses in the debt (Austraclear)and foreign exchange (SWIFT)markets
• B)the retail payment system
• C)the batch feeder facility used for share market trades.
• D)None of these.
• E)All of these.

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Definitions:

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, important in discounting and investment decision making.

Equal Payments

Regular payments of the same amount, typically used in loan repayment or installment plans.

Equal Intervals

Regular, consistent spaces or periods of time between events or items.