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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Banking and Payment Services
27 Oct 2022
RBA Annual Report
– October 2022
RITS settles most high-value transactions individually on a real-time gross settlement (RTGS) basis. ... RITS also settles obligations submitted by external batch administrators on a net settlement basis.
https://www.rba.gov.au/publications/annual-reports/rba/2022/banking-and-payment-services.html
1.2 Governance and Accountability
10 Oct 2023
RBA Annual Report
– October 2023
Governance and Accountability | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/governance-and-accountability.html
Risk Management
27 Oct 2022
RBA Annual Report
– October 2022
transacting in financial markets to implement monetary policy. maintaining the infrastructure to facilitate real-time interbank payment and settlement services through RITS and the Fast Settlement Service. ... In 2021/22, the Bank executed
https://www.rba.gov.au/publications/annual-reports/rba/2022/risk-management.html
The Australian Financial System
8 Apr 2022
FSR
– April 2022
The Reserve Bank Information and Transfer System (RITS) settles high-value payments between Australian banks, FMIs and other payment service providers. ... In December 2021, RITS issued revised Business Continuity and Security Standards, which include
https://www.rba.gov.au/publications/fsr/2022/apr/australian-financial-system.html
Box D: Cyber Risk
10 Feb 2020
FSR
October 2018
PDF
556KB
https://www.rba.gov.au/publications/fsr/2018/oct/pdf/box-d.pdf
Australia's RTGS System
31 Dec 2012
RDP
2012-05
Download the Paper 578. KB. RITS has operated as an RTGS system since 1998. ... RITS. The central queue in RITS operates on a ‘bypass first-in first-out (FIFO) basis’.
https://www.rba.gov.au/publications/rdp/2012/2012-05/aus-system.html
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List of tables
14 Sep 2017
PSB Annual Report
– 2017
Daily average, 2016/17. (a). Number. (b). Value. (b). Interbank settlement. value in RITS. ... 000s. $ billion. $ billion. RITS RTGS. 46.4. 175.0. 169.1. SWIFT payments.
https://www.rba.gov.au/publications/annual-reports/psb/2017/tables.html
Figure 8.1 | Submission to the Financial System Inquiry – March 2014
19 Mar 2019
Submissions
In 2013, RITS settled approximately. 1 billion worth of interbank obligations on an RTGS basis on average each day;. ... 5 billion through the SWIFT PDS feeder system and RITS Cash Transfers, and.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/graphs/figure-8.1.html
List of tables
12 Sep 2014
PSB Annual Report
– 2014
$ billion. Per cent. $ billion. Domestic. RITS. 42. 162.7. 3.1. ... c). 3.1. 50.3. 3.8. 50.3. RITS cash transfers. 0.2. 11.9. 3.6.
https://www.rba.gov.au/publications/annual-reports/psb/2014/tables.html
Real-time Gross Settlement in Australia
21 Sep 2010
Bulletin
PDF
257KB
Reserve Bank of Australia Bulletin September 2010
https://www.rba.gov.au/publications/bulletin/2010/sep/pdf/bu-0910-8.pdf