The second real-time gross settlement system built by Massachusetts- based Intranet Inc. for a foreign bank has gone into full operation, in Australia.

The multimillion-dollar system, created for Commonwealth Bank of Australia, is the country's first real-time gross settlement system. Start- up tests began in December, after a year of installation, and the system went live in March; Intranet set up a Sydney office to provide on-site support.

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