An institution wishing to become a RITS Member must lodge an application with the Reserve Bank of Australia. Membership is mandatory for:
- all Australian-licensed banks;
- Batch Administrators; and
- non-bank institutions that wish to deal with the Reserve Bank in its domestic market operations;
Applying for RITS Membership
Three categories of RITS Membership are available: Banks, Other Holders of Exchange Settlement Accounts (ESAs) and Non-Transaction Members. Non-Transaction Members of RITS do not have an ESA and belong to RITS for the purpose of being a Batch Administrator or being an eligible counterparty of the Reserve Bank in its domestic market operations.
An institution wishing to apply for RITS Membership should contact the Reserve Bank's Payments Settlements Department.
For institutions who require an ESA, further information on the role of ESAs, the application process and criteria for eligibility is provided in the Media Release on Eligibility for Exchange Settlement Accounts.
Current RITS Members
The RITS Membership List includes Banks, Other Holders of ESAs and Non-Transaction Members.
RITS Fees and Billing Information
The Schedule of Fees includes fees for transactions, special requests for information and connection to RITS.