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RBA Glossary definition for FAST

FAST – Fast and Secure Transfers

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Overview

5 May 2023 SMP – May 2023
Overview | Statement on Monetary Policy – May 2023
https://www.rba.gov.au/publications/smp/2023/may/overview.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.
https://www.rba.gov.au/publications/annual-reports/rba/2022/risk-management.html

Retail Payments Policy and Research

9 Oct 2015 PSB Annual Report – 2015
The trend towards speeding up retail payments through the introduction of new ‘fast payment systems’ also continues to gain momentum. ... In the past year Denmark's banks launched a fast payment system known as RealTime 24/7 and the Dutch Payments
https://www.rba.gov.au/publications/annual-reports/psb/2015/retail-payments-policy-and-research.html

Box A: Growth of Australia's Major Trading Partners

10 May 2014 SMP – May 2014
than the average growth in global GDP because a large share of Australia's exports is to fast-growing economies in Asia. ... The sharp decline in the share of Australian exports destined for Japan was offset by a pick-up in demand for Australia's exports
https://www.rba.gov.au/publications/smp/2014/may/box-a.html

Overview

4 Aug 2023 SMP – August 2023
Overview | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/overview.html

Overview

4 Feb 2021 SMP – February 2021
This has been consistent with the pattern seen globally, of unexpectedly fast (but partial) recoveries after lockdown measures were lifted, as well as Australia's relatively better health outcomes.
https://www.rba.gov.au/publications/smp/2021/feb/overview.html

Banking and Payment Services

27 Oct 2022 RBA Annual Report – October 2022
RITS also provides the Fast Settlement Service (FSS), a RTGS service to support the NPP. ... fast payment systems.
https://www.rba.gov.au/publications/annual-reports/rba/2022/banking-and-payment-services.html

2.3 Banking and Payment Services

19 Oct 2023 RBA Annual Report – October 2023
Banking and Payment Services | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/banking-and-payment-services.html

Our Role

27 Oct 2022 RBA Annual Report – October 2022
Our operational role in the payments system is effected through the Banks ownership and management of RITS (including the Fast Settlement Service (FSS)), which is used by banks and other approved
https://www.rba.gov.au/publications/annual-reports/rba/2022/our-role.html

Abbreviations

27 Sep 2023 PSB Annual Report – 2023
FEX. FEX Global Pty Ltd. FSB. Financial Stability Board. FSS. Fast Settlement Service.
https://www.rba.gov.au/publications/annual-reports/psb/2023/abbreviations.html