ancillary system

What is ancillary system?

ancillary system definition and meaning on Finance terms:
A system in which payments or securities are exchanged and/or cleared. Meanwhile, the ensuing monetary obligations are settled in another system, typically an RTGS system. See also
real-time gross settlement (RTGS) system<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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