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
Payments System Board Update: November 2015 Meeting
20 Nov 2015
Media Releases
Payments System Board Update: November 2015 Meeting
https://www.rba.gov.au/media-releases/2015/mr-15-22.html
Payments System Board Update: February 2023 Meeting
16 Feb 2023
Media Releases
Today’s Payments System Board meeting discussed ASX’s self-assessment against the Financial Stability Standards (FSS), the Bank’s framework for supervising payment system safety and resilience, payments system regulatory reform, the future of
https://www.rba.gov.au/media-releases/2023/mr-23-05.html
Payments System Board Update: February 2020 Meeting
21 Feb 2020
Media Releases
Today’s Payments System Board meeting discussed the results from the Bank’s 2019 Consumer Payments Survey, the Review of Retail Payments Regulation, adoption of the new ISO 20022 messaging standards and proposed regulatory reforms for financial
https://www.rba.gov.au/media-releases/2020/mr-20-03.html
Strategic Review of Innovation in the Payments System
7 Jun 2012
Media Releases
The Reserve Bank has released the conclusions of its Strategic Review of Innovation in the Payments System
https://www.rba.gov.au/media-releases/2012/mr-12-14.html
Reform of Interbank Payments
6 Jul 1995
Media Releases
Announces that the RBA is to press ahead with the installation of Real-time Gross Settlement (RTGS) with the aim to having a system operational in 1997
https://www.rba.gov.au/media-releases/1995/mr-95-10.html
Payments System Board Update: May 2022 Meeting
26 May 2022
Media Releases
Today’s Payments System Board meeting discussed banknote distribution arrangements, the ASX’s CHESS replacement program, payments system regulatory reforms, stablecoin developments, merchant payment costs and the annual assessment of Australia's
https://www.rba.gov.au/media-releases/2022/mr-22-13.html
Changes to the Reserve Bank's Domestic Market Operations in the Transition Phase to Real-time Gross Settlement
9 May 1996
Media Releases
Announces changes to the RBA's Domestic Markets Operations to be introduced in June to August 1986
https://www.rba.gov.au/media-releases/1996/mr-96-06.html
Same-day Settlement of Direct Entry Payments
25 Nov 2013
Media Releases
Starting from 25 November, the settlement of Direct Entry (DE) obligations between payments system participants is occurring on a same-day, rather than next-day, basis
https://www.rba.gov.au/media-releases/2013/mr-13-24.html
Measures to Enhance the Functioning of Financial Markets
24 Sep 2008
Media Releases
Announces that the Reserve Bank of Australia is introducing a foreign exchange swap facility with the Federal Reserve and a domestic term deposit facility which are designed to contribute to the smooth functioning of domestic markets
https://www.rba.gov.au/media-releases/2008/mr-08-15.html
Cash Rate Total Return Index
9 May 2016
Media Releases
The Reserve Bank of Australia has commenced publishing a Cash Rate Total Return Index (TRI), which members of the public can use as a benchmark with a risk-free rate of return.
https://www.rba.gov.au/media-releases/2016/mr-16-12.html