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
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