If such behavior became widespread, it could lead to gridlock, and smooth settlement, the aim of RTGS, would not be achieved. The breakthrough in addressing this issue was the substantial progress in information processing technology.
The Bank has been working on the implementation of the nextgeneration RTGS (RTGS-XG) project, and is planning to introduce new functions, "queuing and offsetting mechanisms," into the BOJ-NET Funds Transfer System in October 2008 [Reference 6]. The "queuing mechanism" will place payment instructions in the BOJ-NET central queue.