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RBA Glossary definition for FAST

FAST – Fast and Secure Transfers

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Our Role

17 Oct 2019 RBA Annual Report – 2019
The Fast Settlement Service of RITS settles obligations arising from individual payments exchanged on the New Payments Platform in real time on a 24/7 basis.
https://www.rba.gov.au/publications/annual-reports/rba/2019/our-role.html

Reserve Bank of Australia Annual Report 2023

8 Feb 2024 RBA Annual Report - 2023 PDF 641KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/international-financial-cooperation.pdf

Reserve Bank of Australia Annual Report 2021 - Abbreviations

18 Oct 2021 RBA Annual Report 2021 PDF 35KB
https://www.rba.gov.au/publications/annual-reports/rba/2021/pdf/abbreviations.pdf

Abbreviations

21 Oct 2021 PSB Annual Report - 2021 PDF 76KB
https://www.rba.gov.au/publications/annual-reports/psb/2021/pdf/abbreviations.pdf

Governor's Foreword

9 Aug 2023 RBA Annual Report - 2022 PDF 150KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/governors-foreword.pdf

Abbreviations

12 Apr 2020 RBA Annual Report – 2020
FSS. Fast Settlement Service (of RITS). FTE. full-time equivalent. FX. foreign exchange.
https://www.rba.gov.au/publications/annual-reports/rba/2020/abbreviations.html

Management of the Reserve Bank

27 Oct 2022 RBA Annual Report – October 2022
This includes from the use of payment systems run by the Bank (such as the Reserve Bank Information and Transfer System and the Fast Settlement Service), and from transactional banking services ... supporting the Fast Settlement Service.
https://www.rba.gov.au/publications/annual-reports/rba/2022/management-of-the-reserve-bank.html

Reserve Bank of Australia Annual Report 2023

16 Oct 2023 RBA Annual Report - 2023 PDF 447KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/operational-structure.pdf

Retail Payments Regulation and Policy Issues

20 Sep 2018 PSB Annual Report – 2018
There has been significant further progress in the development of fast retail payment systems over the past year. ... There is also work underway in Asia and Europe to connect a number of national fast payment platforms to facilitate cross-border payments
https://www.rba.gov.au/publications/annual-reports/psb/2018/retail-payments-regulation-and-policy-issues.html

Banking and Payment Services

12 Apr 2020 RBA Annual Report – 2020
The Reserve Bank Information and Transfer System (RITS) infrastructure, which is owned and operated by the Reserve Bank, is critical to the fast and reliable transfer and settlement of payment obligations ... RITS also provides a real-time settlement
https://www.rba.gov.au/publications/annual-reports/rba/2020/banking-and-payment-services.html