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.
Search Results
Review of Card Surcharging: A Consultation Document | Consultations
7 Jun 2011
Consultations
REFORMS: Credit Cards; Debit Cards; The ATM System; ATM Fee Reforms; Review of Card Payment Systems Reforms; Account Switching; POLICY FRAMEWORK: Payments System Board; Core Principles for Systemically Important Payment Systems; Standards for
https://www.rba.gov.au/publications/consultations/201106-review-card-surcharging/
Electronic Indicators of Economic Activity
10 Jun 2012
Bulletin
– June 2012
Source: RBA. Retail payments data are also available on a daily basis from RITS. ... For further discussion on the settlement of payments in RITS, see Gallagher, Gauntlett and Sunner (2010).
https://www.rba.gov.au/publications/bulletin/2012/jun/1.html
Migration Approach | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019
31 Dec 2002
Consultations
The RBA will not perform translation of any messages in RITS. ... For the HVCS and batch migrations to ISO 20022, the main potential impact is to the reporting that RITS provides to ESA holders, as these may contain details of settlements that
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/migration-approach.html
June | 2014
19 Jun 2014
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2014/jun/
Topic: Payments
11 Sep 2018
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/payments/
The Reserve Bank's Open Market Operations
10 Jun 2003
Bulletin
– June 2003
Any institution which is a member of the electronic settlement system – Reserve Bank Information Transfer System (RITS) – is eligible to participate in open market operations.
https://www.rba.gov.au/publications/bulletin/2003/jun/1.html
The Term Funding Facility
10 Dec 2020
Bulletin
– December 2020
The Reserve Bank's Term Funding Facility (TFF) was announced in March as part of a monetary policy package to reduce funding costs across the economy and to support lending, especially to small and medium-sized businesses.
https://www.rba.gov.au/publications/bulletin/2020/dec/the-term-funding-facility.html
G20 Financial Regulatory Reforms and Australia
19 Sep 2013
Bulletin
– September 2013
The global financial crisis prompted a comprehensive international regulatory response, directed through the Group of Twenty (G20). The Reserve Bank and other Council of Financial Regulators (CFR) agencies have been heavily involved in the reform
https://www.rba.gov.au/publications/bulletin/2013/sep/9.html
Infrastructure Developments in the Market for Commonwealth Government Securities
19 Sep 2013
Bulletin
– September 2013
The market for Commonwealth Government securities (CGS) is a key financial market in Australia because, among other things, it provides a risk-free benchmark for the pricing of a wide range of fixed income securities. This article discusses aspects
https://www.rba.gov.au/publications/bulletin/2013/sep/6.html
Australian Financial Markets
10 Mar 1999
Bulletin
– March 1999
In preparation for the introduction of RTGS, it was decided that the Reserve Bank would be prepared to deal with all members of the Reserve Bank Information and Transfer System (RITS), ... RITS has 240 members, including all major banks and financial
https://www.rba.gov.au/publications/bulletin/1999/mar/1.html