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Magazine · Section 42 of 63

Money Plumbing

What happens between banks after a payment is sent. This section covers correspondent banking, nostro and vostro accounts, clearing and settlement, payment finality, real-time gross settlement, netting, intraday liquidity and the liquidity chains that every cross-border payment depends on.

Sub-topicsCorrespondent BankingNostro and Vostro AccountsClearingSettlementPayment FinalityReal-Time Gross Settlement (RTGS)NettingLiquidity ChainsIntraday LiquidityPayment Messaging

What Actually Happens After You Press Send

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Page Last Updated: 2026-09-29 (6120647)