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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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Bulletin June Quarter 2012

27 Jul 2012 Bulletin PDF 1795KB
For further discussion on the settlement of payments in RITS, see Gallagher, Gauntlett and Sunner (2010). ... 201220102008200620042002. Real GNE(LHS). Number of SWIFT interbank payments settled in RITS, 7-period.
https://www.rba.gov.au/publications/bulletin/2012/jun/pdf/bu-0612.pdf

Tracking Consumption During the COVID-19 Pandemic

16 Mar 2022 Bulletin - March 2022 PDF 1378KB
https://www.rba.gov.au/publications/bulletin/2022/mar/pdf/tracking-consumption-during-the-covid-19-pandemic.pdf

An Assessment of the Term Funding Facility

15 Sep 2021 Bulletin - September 2021 PDF 1221KB
https://www.rba.gov.au/publications/bulletin/2021/sep/pdf/an-assessment-of-the-term-funding-facility.pdf

The New Payments Platform And Fast Settlement Service

19 Sep 2018 Bulletin - September 2018 PDF 336KB
https://www.rba.gov.au/publications/bulletin/2018/sep/pdf/the-new-payments-platform-and-fast-settlement-service.pdf

Central Clearing of Repos in Australia: Conclusions

28 Oct 2015 Consultations PDF 306KB
the Bank is operator of the domestic high-value payment system, RITS, that settles the cash leg of repo transactions. ... under a repurchase agreement that reverses by the end of the RITS day.
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/conclusions/pdf/central-clearing-of-repos-in-australia-conclusions-2015-10.pdf

Strategic Review of Innovation in the Payments System: Issues for Consultation - June 2011

30 Jun 2011 Consultations PDF 1163KB
Strategic Review of Innovation in the Payments System
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/pdf/201106-strategic-review-innovation-issues.pdf

Modernising Payments Messaging: The ISO 20022 Standard

17 Sep 2020 Bulletin - September 2020 PDF 566KB
https://www.rba.gov.au/publications/bulletin/2020/sep/pdf/modernising-payments-messaging-the-iso-20022-standard.pdf

Retail Central Bank Digital Currency: Design Considerations, Rationales and Implications

17 Sep 2020 Bulletin - September 2020 PDF 860KB
https://www.rba.gov.au/publications/bulletin/2020/sep/pdf/retail-central-bank-digital-currency-design-considerations-rationales-and-implications.pdf