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 Australian Financial System
10 Mar 2014
FSR
– March 2014
RITS continued to function smoothly over the past six months, settling around five million payments worth $19 trillion. ... The first assessment against the new standards, published in December 2013, concluded that RITS observed all the relevant
https://www.rba.gov.au/publications/fsr/2014/mar/aus-fin-sys.html
Financial Stability Review March 2014
26 Mar 2014
FSR
March 2014
PDF
1956KB
https://www.rba.gov.au/publications/fsr/2014/mar/pdf/0314.pdf
The Australian Financial System
21 Apr 2017
FSR
– April 2017
The Reserve Bank Information and Transfer System (RITS) – which is used by financial institutions to settle payments – processed around 6 million transactions in the six months to March, with an aggregate ... There were no major RITS operational
https://www.rba.gov.au/publications/fsr/2017/apr/aus-fin-sys.html
The Australian Financial System
10 Feb 2020
FSR
- April 2017
PDF
1611KB
https://www.rba.gov.au/publications/fsr/2017/apr/pdf/aus-fin-sys.pdf
The Australian Financial System
23 Sep 2014
FSR
September 2014
PDF
1711KB
https://www.rba.gov.au/publications/fsr/2014/sep/pdf/aus-fin-sys.pdf
The Australian Financial System
26 Mar 2014
FSR
March 2014
PDF
724KB
https://www.rba.gov.au/publications/fsr/2014/mar/pdf/aus-fin-sys.pdf
The Australian Financial System
10 Mar 2012
FSR
– March 2012
position. These multilateral net positions are then settled in RITS at around 9 am the next day. ... This will supplement the existing reporting of high-value payments incidents by RITS members.
https://www.rba.gov.au/publications/fsr/2012/mar/aus-fin-sys.html
The Australian Financial System
21 Nov 2022
FSR
- October 2022
PDF
1212KB
https://www.rba.gov.au/publications/fsr/2022/oct/pdf/03-australian-financial-system.pdf
Financial Stability Review March 2015
24 Mar 2015
FSR
March 2015
PDF
1257KB
https://www.rba.gov.au/publications/fsr/2015/mar/pdf/0315.pdf
The Australian Financial System
25 Apr 2023
FSR
- April 2023
PDF
1051KB
https://www.rba.gov.au/publications/fsr/2023/apr/pdf/02-australian-financial-system.pdf