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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Changes to the Reserve Bank's Dealing Arrangements and the Prime Assets Requirements (PAR)
10 Jun 1997
Media Releases
Announcement of changes to the Reserve Bank's dealing arrangements and the Prime Assets Requirement (PAR)
https://www.rba.gov.au/media-releases/1997/mr-97-11.html
December: 1997-Glossary
9 Mar 2023
Media Release
RITS. Reserve Bank Information and Transfer System. A system operated by the RBA primarily for the settlement of transactions in government securities. ... All foreign exchange transactions with the RBA are settled using RITS.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-e.html
Payments System Issues
29 Nov 2012
Media Releases
At its 16 November meeting, the Payments System Board approved a report setting out its conclusions from an informal consultation on operational incidents in retail payments systems. The Board also concluded its review of the regulatory framework
https://www.rba.gov.au/media-releases/2012/mr-12-35.html
December: 1997-Sample Questionnaire
9 Mar 2023
Media Release
System. Used for FX. Proportion own FX business (%). Proportion as correspondent (%). BITS payments. Austraclear cash transfers. RITS cash transfers. Paper items, such as interbank warrants and bank.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/annex-b.html
Real-time Gross Settlement (RTGS) – Liquidity
6 May 1997
Media Releases
The Reserve Bank will stand ready to provide intra-day liquidity to banks and others with Exchange Settlement Accounts, to ensure that payments flow smoothly. This liquidity will take the form of within-day repurchase agreements in Commonwealth
https://www.rba.gov.au/media-releases/1997/mr-97-08.html
Reform of Interbank Payments: RTGS Business Specifications
31 Aug 1995
Media Releases
Announces the release of draft business specifications for the (RTGS) system
https://www.rba.gov.au/media-releases/1995/mr-95-13.html
Reform of Interbank Payments - A Proposal for Implementing Real Time Gross Settlement in Australia
5 Apr 1995
Media Releases
Some enhancements to RITS functions for queueing and reporting would also be appropriate. ... Customer-initiated payments (eg purchase of bonds by a non-bank member of RITS).
https://www.rba.gov.au/media-releases/1995/mr-95-05-attach-2.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-info-paper.html
The Impact of Unconventional Monetary Policy on the Overnight Interbank Market | Conference – 2013
19 Aug 2013
Conferences
This measure is published each day that the Reserve Bank Information and Transfer System (RITS) is open for interbank settlement.
https://www.rba.gov.au/publications/confs/2013/bech-monnet.html
Comparing the Output with Prudential Data
15 Aug 2018
RDP
2018-09
Since the ICSDs have no direct link to RITS, any Australian-dollar cash settled simultaneously with these transactions takes place across accounts at a private bank employed by the ICSD. ... This corresponds to the typical definition of the Australian
https://www.rba.gov.au/publications/rdp/2018/2018-09/comparing-the-output-with-prudential-data.html
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