RITS Membership

An institution wishing to become a RITS Member must lodge an application with the Reserve Bank of Australia. Membership is mandatory for:

• institutions holding Exchange Settlement Accounts (see Exchange Settlement Account Policy);
• Batch Administrators (see Eligibility Criteria for the Batch Administrator); and
• institutions dealing with the Reserve Bank in its domestic market operations (see Domestic Market Operations).

Applying for RITS Membership

Three categories of RITS Membership are available: ADIs, Other Holders of Exchange Settlement Accounts (ESAs) and Non-ESA Holders. Non-ESA Holders 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.

Applying for RITS Membership as an ESA Holder or Batch Administrator

An institution wishing to apply for RITS Membership as an ESA Holder or Batch Administrator should contact the RITS Help Desk. For institutions that require an ESA, further information on the role of ESAs, the application process, and criteria for eligibility is provided in the Exchange Settlement Account Policy.

Applying for RITS Membership as an Eligible Counterparty

Institutions seeking RITS Membership solely for the purpose of being an eligible counterparty of the Reserve Bank in its domestic market operations, should contact the Reserve Bank's Risk and Compliance Department.

Current RITS Members

The RITS Membership List includes ADIs, Other Holders of ESAs and Non-ESA Holders.

RITS Fees and Billing Information

The Schedule of Fees includes fees for transactions, special requests for information and connection to RITS.