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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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
Box D: Cyber Risk
10 Feb 2020
FSR
October 2018
PDF
556KB
https://www.rba.gov.au/publications/fsr/2018/oct/pdf/box-d.pdf
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
Australia's RTGS System
31 Dec 2012
RDP
2012-05
Download the Paper 578. KB. RITS has operated as an RTGS system since 1998. ... RITS. The central queue in RITS operates on a ‘bypass first-in first-out (FIFO) basis’.
https://www.rba.gov.au/publications/rdp/2012/2012-05/aus-system.html
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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
The Australian Financial System
8 Apr 2022
FSR
– April 2022
The Reserve Bank Information and Transfer System (RITS) settles high-value payments between Australian banks, FMIs and other payment service providers. ... In December 2021, RITS issued revised Business Continuity and Security Standards, which include
https://www.rba.gov.au/publications/fsr/2022/apr/australian-financial-system.html
Figure 8.1 | Submission to the Financial System Inquiry – March 2014
19 Mar 2019
Submissions
In 2013, RITS settled approximately. 1 billion worth of interbank obligations on an RTGS basis on average each day;. ... 5 billion through the SWIFT PDS feeder system and RITS Cash Transfers, and.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/graphs/figure-8.1.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
Real-time Gross Settlement in Australia
21 Sep 2010
Bulletin
PDF
257KB
Reserve Bank of Australia Bulletin September 2010
https://www.rba.gov.au/publications/bulletin/2010/sep/pdf/bu-0910-8.pdf
Annual Performance Statement for 2021/22
27 Oct 2022
RBA Annual Report
– October 2022
Ensure the operational reliability of RITS. RITS availability at 99.95 per cent during core hours. ... Ensure the cyber security of RITS. Ongoing investment and regular reviews and testing to support cyber resilience.
https://www.rba.gov.au/publications/annual-reports/rba/2022/annual-performance-statement.html