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
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
List of graphs
10 Mar 2012
FSR
– March 2012
Graph 2.28: RITS Settled Payments.
https://www.rba.gov.au/publications/fsr/2012/mar/graphs.html
The Australian Financial System
10 Mar 2013
FSR
– March 2013
RITS continued to function smoothly during the past six months, settling around 5 million payments worth $19 trillion. ... The availability of sufficient liquidity is essential for the smooth operation of RITS.
https://www.rba.gov.au/publications/fsr/2013/mar/aus-fin-sys.html
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
List of graphs
10 Sep 2012
FSR
– September 2012
Graph 2.22: RITS Settled Payments.
https://www.rba.gov.au/publications/fsr/2012/sep/graphs.html
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
12 Apr 2019
FSR
– April 2019
This affected the Reserve Bank Information and Transfer System (RITS) and the Fast Settlement Service (FSS), which are used by banks and other approved institutions to settle payment obligations on a ... RITS. More than one year since its launch,
https://www.rba.gov.au/publications/fsr/2019/apr/australian-financial-system.html
List of graphs
10 Mar 2009
FSR
– March 2009
Graph 59: RITS Queue Times.
https://www.rba.gov.au/publications/fsr/2009/mar/graphs.html
List of graphs
10 Sep 2009
FSR
– September 2009
Graph 60: RITS Daily Value and Volume.
https://www.rba.gov.au/publications/fsr/2009/sep/graphs.html
List of graphs
10 Sep 2013
FSR
– September 2013
Graph 2.24: RITS Liquidity Ratio.
https://www.rba.gov.au/publications/fsr/2013/sep/graphs.html