LEADS’ Plug-B is a specifically designed RTGS Management platform to meet and exceed the standard required by today’s Central Banks for Real-Time-Gross-Settlement processing. The Plug-B solution handles very high volumes of large-value domestic payments and combines efficiency and reliability of service with sound position maintenance and intraday liquidity management facilities.
RTGS is an electronic inter-bank transactions settlement system where transfer of funds or securities take place from one financial institution to another on a `real time’ and on `gross’ basis. Bangladesh Bank has taken initiative to introduce RTGS system (BB-RTGS) in the country. All the schedule banks are required to take necessary preparation(s) to perform live transaction over BB-RTGS system. BB-RTGS will use MX (ISO 20022) message format for data exchange between central bank’s system and participating financial institution’s system.