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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1.5 Operational Structure
19 Oct 2023
RBA Annual Report
– October 2023
Operational Structure | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/operational-structure.html
The Australian Financial System
24 Mar 2015
FSR
March 2015
PDF
496KB
https://www.rba.gov.au/publications/fsr/2015/mar/pdf/aus-fin-sys.pdf
Reserve Bank of Australia Annual Report 2023
16 Oct 2023
RBA Annual Report
- 2023
PDF
304KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/annual-performance-statement.pdf
Developments in the Financial System Infrastructure
10 Sep 2005
FSR
– September 2005
has been particularly important in ensuring the legal robustness of settlement in RITS. ... Core Principle V – Settlement in Multilateral Netting Systems – is not applicable since RITS is not a multilateral netting system.
https://www.rba.gov.au/publications/fsr/2005/sep/dev-sys-infra.html
List of graphs
10 Mar 2011
FSR
– March 2011
Graph 2.30: RITS Settled Payments. ... Graph 2.31: RITS Peak Liquidity.
https://www.rba.gov.au/publications/fsr/2011/mar/graphs.html
The Australian Financial System
20 Oct 2018
FSR
– October 2018
A major change to RITS in the past year has been the addition of the Fast Settlement Service (FSS). ... Over the past few years, the Bank has reviewed both RITS and the ASX for consistency with international guidance on cyber resilience for FMIs.
https://www.rba.gov.au/publications/fsr/2018/oct/aus-fin-sys.html
Governor's Foreword
27 Sep 2023
PSB Annual Report
– September 2023
Governor's Foreword | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/governors-foreword.html
Our Role
9 Aug 2023
RBA Annual Report
- 2022
PDF
207KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/our-role.pdf
Banking and Payment Services
12 Apr 2020
RBA Annual Report
– 2020
with RITS members on the lessons from this exercise in the next financial year. ... operating centres to support RITS operations and the Bank's back office settlement operations.
https://www.rba.gov.au/publications/annual-reports/rba/2020/banking-and-payment-services.html
The Australian Financial System
8 Apr 2021
FSR
– April 2021
System (RITS). ... It is also implementing a program of improvements to its IT operational practices that include a number of initiatives aimed at enhancing the operational stability of RITS.
https://www.rba.gov.au/publications/fsr/2021/apr/australian-financial-system.html