What is real-time gross settlement system in SAP FS-LMS - Liquidity Management Suite?

SAP Term: real-time gross settlement system

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: A system where all settlements are settled one by one in real-time. One of the external sources that LMS gathers information from in order to compile the data and determine a bank's liquidity.

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• Key Concepts: 
  Real-time gross settlement (RTGS) is a payment system that allows for the instantaneous transfer of funds between two parties. It is used to settle large-value payments, such as those made by banks and other financial institutions. The FS-LMS Liquidity Management Suite is a software solution from SAP that enables organizations to manage their liquidity in real-time. It provides a comprehensive view of liquidity positions, cash flows, and risk exposures across multiple currencies and accounts. 
  
  How to use it: 
  The FS-LMS Liquidity Management Suite can be used to manage liquidity in real-time. It provides a comprehensive view of liquidity positions, cash flows, and risk exposures across multiple currencies and accounts. It also allows users to monitor their liquidity positions in real-time, enabling them to make informed decisions about their financial operations. Additionally, the suite can be used to automate the settlement process for large-value payments, such as those made by banks and other financial institutions. 
  
  Tips & Tricks: 
  When using the FS-LMS Liquidity Management Suite, it is important to ensure that all data is accurate and up-to-date. This will help ensure that the system is able to provide an accurate view of liquidity positions, cash flows, and risk exposures across multiple currencies and accounts. Additionally, it is important to regularly review the system’s settings and configurations to ensure that they are still appropriate for the organization’s needs. 
  
  Related Information: 
  The FS-LMS Liquidity Management Suite is part of SAP’s Financial Services Network (FSN). FSN provides a comprehensive suite of solutions for managing financial operations, including payments, collections, liquidity management, and risk management. Additionally, FSN offers a range of services designed to help organizations optimize their financial operations.