All funds transferred are irrevocable, and the underlying transactions can thus be finalised during the course of the business day, as and when the bank and the customer require. •  Collateral managed dynamically  The system operates on the principle of full collateralisation of all intraday loans.
Banks can reserve financial instruments to be used as collateral should they require additional funding during the day. These instruments have to be in electronic form, that is immobilised at either the Central Depository (CD) or in the Financial Instrument Register (FIR) of the Reserve Bank.