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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Two Years of Fast Payments in Australia
18 Mar 2020
Bulletin
- March 2020
PDF
468KB
https://www.rba.gov.au/publications/bulletin/2020/mar/pdf/two-years-of-fast-payments-in-australia.pdf
The Term Funding Facility
9 Dec 2020
Bulletin
- December 2020
PDF
526KB
https://www.rba.gov.au/publications/bulletin/2020/dec/pdf/the-term-funding-facility.pdf
Market Operations in the Past Year
17 Nov 2008
Bulletin
PDF
66KB
Address by Dr Guy Debelle, Assistant Governor (Financial Markets), to 2008 FTA Congress, Melbourne, 31 October 2008
https://www.rba.gov.au/publications/bulletin/2008/nov/pdf/bu-1108-4.pdf
ISO 20022 Migration for the Australian Payments System – Responses and Options Paper
11 Sep 2019
Consultations
PDF
1175KB
Bank Information and Transfer System (RITS) Members directly using the New Payments Platform. ... AusPayNet, a representative from the RBA’s Payments Settlements Department (responsible for RITS).
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/pdf/consultation-paper.pdf
Bulletin June Quarter 2012
27 Jul 2012
Bulletin
PDF
1795KB
For further discussion on the settlement of payments in RITS, see Gallagher, Gauntlett and Sunner (2010). ... 201220102008200620042002. Real GNE(LHS). Number of SWIFT interbank payments settled in RITS, 7-period.
https://www.rba.gov.au/publications/bulletin/2012/jun/pdf/bu-0612.pdf
The Cash Market
13 Dec 2016
Bulletin
December Quarter 2016
PDF
857KB
https://www.rba.gov.au/publications/bulletin/2016/dec/pdf/rba-bulletin-2016-12-the-cash-market.pdf
Two Years of Fast Payments in Australia
19 Mar 2020
Bulletin
– March 2020
It has been two years since the public launch of the New Payments Platform (NPP) and the Fast Settlement Service (FSS).
https://www.rba.gov.au/publications/bulletin/2020/mar/two-years-of-fast-payments-in-australia.html
An Assessment of the Term Funding Facility
16 Sep 2021
Bulletin
– September 2021
The Term Funding Facility (TFF) was announced by the Reserve Bank Board in March 2020 as part of the comprehensive policy package to support the Australian economy in response to the COVID-19 pandemic.
https://www.rba.gov.au/publications/bulletin/2021/sep/an-assessment-of-the-term-funding-facility.html
Open Market Operations
17 Jun 2003
Bulletin
PDF
79KB
Transfer System (RITS) – is.
https://www.rba.gov.au/publications/bulletin/2003/jun/pdf/bu-0603-1.pdf
Fast Retail Payment Systems
17 Dec 2014
Bulletin
December Quarter 2014
PDF
3057KB
https://www.rba.gov.au/publications/bulletin/2014/dec/pdf/bu-1214-6.pdf