Which of the following statements is NOT true about the wholesale payments system?
A)It has very few participants compared to the retail system.
B)The main participants are banks and dealers.
C)Transactions are settled on a deferred net settlement basis.
D)It transfers funds between exchange settlement accounts of the payer and the payee.
E)It mainly settles financial markets transactions.

Question

Quizplus · Accepted Answer

Transactions in the wholesale payments system are typically settled on a real-time gross settlement (RTGS) basis rather than a deferred net settlement basis. This means each transaction is settled individually at the time it is processed, ensuring immediate finality of payment.

Which of the Following Statements Is NOT True About the Wholesale