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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Payments System Board Update: February 2024 Meeting
29 Feb 2024
Media Releases
Today’s Payments System Board meeting discussed the annual review of payment systems operating in Australia, the Advanced Encryption Standard (AES) migration, FMI regulatory reforms, payments regulatory reform, policy issues regarding mobile
https://www.rba.gov.au/media-releases/2024/mr-24-03.html
Developments since the 2005 Assessment | 2009 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
RITS' business continuity arrangements have been enhanced substantially over the past four years. ... The IMF also recommended that the Reserve Bank consider reviewing pricing in RITS.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2009/developments.html
5.5 Abbreviations
19 Oct 2023
RBA Annual Report
– 2023
FSS. Fast Settlement Service (of RITS). FTE. full-time equivalent. FX. foreign exchange. ... RDP. Research Discussion Paper. repo. repurchase agreement. RITS. Reserve Bank Information and Transfer System.
https://www.rba.gov.au/publications/annual-reports/rba/2023/abbreviations.html
Appendix A: Background Information | 2022 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
A.3 Governance and Oversight. RITS is owned and operated by the Bank. ... RITS also has features that allow members to efficiently manage and conserve liquidity.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2022/appendix-a.html
Appendix A: Background Information | 2021 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
A.3 Governance and Oversight. RITS is owned and operated by the Bank. ... RITS also has features that allow members to efficiently manage and conserve liquidity.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2021/appendix-a.html
1.1 Our Role
19 Oct 2023
RBA Annual Report
– October 2023
Our Role | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/our-role.html
2018 Assessment of the Reserve Bank Information and Transfer System – Material Developments
9 Mar 2023
The RITS Regulations form the legal basis for all key aspects of RITS. ... The RITS Membership Agreement binds RITS members and the Bank to the RITS Regulations.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2018/material-developments.html
Payments System Board Update: May 2024 Meeting
23 May 2024
Media Releases
Today’s Payments System Board discussed the Bank’s assessments of RITS and ASX’s compliance with standards on segregation and portability, the CHESS replacement project, a prospective bond and repo central counterparty, the review of retail
https://www.rba.gov.au/media-releases/2024/mr-24-10.html
Assessment of the Reserve Bank Information and Transfer System
15 Jun 2022
Media Releases
The Bank today released the 2022 Assessment of the Reserve Bank Information and Transfer System (RITS) against the Principles for Financial Market Infrastructures (PFMI).
https://www.rba.gov.au/media-releases/2022/mr-22-15.html
Changes to Statistical Tables
10 May 2024
Statistics
Changes to Statistical Tables. Changes to Statistical Tables RSS feed. 2024. 10 May 2024. New statistical table added – Market Economists Forecasts – J1. The RBA added a new statistical table Market Economists Forecasts – J1. This statistical
https://www.rba.gov.au/statistics/tables/changes-to-tables.html