Search: RITS
RBA Glossary definition for RITS
RITS – The Reserve Bank Information and Transfer System (RITS) was established in August 1991 and is operated by the Reserve Bank of Australia. RITS is Australia's Real-Time Gross Settlement (RTGS) system, which plays a central role in the Australian payments clearing and settlement system.
RITS is the means by which Exchange Settlement Accounts are accessed and membership is compulsory for all Australian-licensed banks and participants in the Reserve Bank's domestic market operations.
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The Cash Market
15 Dec 2016
Bulletin
– December 2016
The cash market is the market for unsecured, overnight loans between banks. The weighted average of interest rates on these loans is the cash rate, the Reserve Bank's operational target for monetary policy and an important financial benchmark. Over
https://www.rba.gov.au/publications/bulletin/2016/dec/4.html
Reserve Bank of Australia Annual Report 2023
1 May 2024
RBA Annual Report
- 2023
PDF
304KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/risk-management.pdf
Reserve Bank of Australia Annual Report 2023
16 Oct 2023
RBA Annual Report
- 2023
PDF
201KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/abbreviations.pdf
Reserve Bank of Australia Annual Report 2023
16 Oct 2023
RBA Annual Report
- 2023
PDF
344KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/our-role.pdf
3.1 Management of the Reserve Bank
19 Oct 2023
RBA Annual Report
– October 2023
Management of the Reserve Bank | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/management-of-the-reserve-bank.html
Banking and Payment Services
27 Oct 2022
RBA Annual Report
– October 2022
RITS settles most high-value transactions individually on a real-time gross settlement (RTGS) basis. ... RITS also settles obligations submitted by external batch administrators on a net settlement basis.
https://www.rba.gov.au/publications/annual-reports/rba/2022/banking-and-payment-services.html
1.2 Governance and Accountability
10 Oct 2023
RBA Annual Report
– October 2023
Governance and Accountability | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/governance-and-accountability.html
Risk Management
27 Oct 2022
RBA Annual Report
– October 2022
transacting in financial markets to implement monetary policy. maintaining the infrastructure to facilitate real-time interbank payment and settlement services through RITS and the Fast Settlement Service. ... In 2021/22, the Bank executed
https://www.rba.gov.au/publications/annual-reports/rba/2022/risk-management.html
List of tables
14 Sep 2017
PSB Annual Report
– 2017
Daily average, 2016/17. (a). Number. (b). Value. (b). Interbank settlement. value in RITS. ... 000s. $ billion. $ billion. RITS RTGS. 46.4. 175.0. 169.1. SWIFT payments.
https://www.rba.gov.au/publications/annual-reports/psb/2017/tables.html
List of tables
12 Sep 2014
PSB Annual Report
– 2014
$ billion. Per cent. $ billion. Domestic. RITS. 42. 162.7. 3.1. ... c). 3.1. 50.3. 3.8. 50.3. RITS cash transfers. 0.2. 11.9. 3.6.
https://www.rba.gov.au/publications/annual-reports/psb/2014/tables.html