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Give the two types of Real-time gross settlement transactions? |
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Answer» Real-time gross settlement transactions are: Unconditional – the beneficiary will receive funds regardless of whether he fulfills his obligations to the buyer or whether he would deliver the goods or perform a service of a quality consistent with the order. Irrevocable – a correctly processed transaction cannot be reversed and its money cannot get refunded (the so-called settlement finality). |
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