Banks in Singapore provide 5 minute inter-bank settlement. Banks in NZ provide multiple intra-day settlements seven days a week. Australia's NPP settles within one minute as a typical target.
Banks are perfectly capable of this. US banks may not be.
Banks in Singapore provide 5 minute inter-bank settlement. Banks in NZ provide multiple intra-day settlements seven days a week. Australia's NPP settles within one minute as a typical target.
Banks are perfectly capable of this. US banks may not be.