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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2.3 Banking and Payment Services
19 Oct 2023
RBA Annual Report
– October 2023
Banking and Payment Services | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/banking-and-payment-services.html
High-value Payments System
25 Oct 2010
PSB Annual Report
– 2010
The Bank therefore periodically conducts self-assessments of RITS. The latest self-assessment was conducted in 2009; this updated an assessment undertaken in 2005. ... In late 2009, regular rotation of RITS production operations between the primary and
https://www.rba.gov.au/publications/annual-reports/psb/2010/high-value-payments.html
Performance of Australia's Payments Infrastructure during the Market Turbulence
2 Oct 2009
PSB Annual Report
– 2009
The most noticeable change over the past year was a decline in the value of transactions settled across RITS. ... Over 2008/09, there was an improvement in the rate at which payments were settled through RITS.
https://www.rba.gov.au/publications/annual-reports/psb/2009/performance.html
3.3 Risk Management
19 Oct 2023
RBA Annual Report
– October 2023
Risk Management | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/risk-management.html
Business Services
21 Aug 2002
RBA Annual Report
– 2002
RITS also provides a facility for electronic tendering for Commonwealth Government securities (CGS). ... In addition to RTGS payments, RITS settles two batches of netted interbank payments each day.
https://www.rba.gov.au/publications/annual-reports/rba/2002/bus-serv.html
Financial Market Infrastructures
28 Sep 2022
PSB Annual Report
– September 2022
Reserve Bank Information and Transfer System (RITS) – RITS is Australias high-value payment system. ... Summary of Assessment of RITS. RITS is Australias high-value payments system, which is used by banks and other approved institutions to settle their
https://www.rba.gov.au/publications/annual-reports/psb/2022/financial-market-infrastructures.html
List of tables
13 Sep 2007
PSB Annual Report
– 2007
analyses possible conflict of laws and potential legal risk for RITS and its participants. ... Response: The RBA now holds RITS User Group Forums in Sydney and Melbourne twice each year.
https://www.rba.gov.au/publications/annual-reports/psb/2007/tables.html
Payments System Regulation and Policy Issues
27 Sep 2023
PSB Annual Report
– September 2023
Payments System Regulation and Policy Issues | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/payments-system-regulation-and-policy-issues.html
The Impact of Payment System Design on Tiering Incentives
28 Jan 2015
RDP
PDF
862KB
Time when submitted to the simulator. Deferred Active Active Settlement time in RITS. ... Priority Priority Settlement time in RITS. Active Active Active Submission time to RITS.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-06.pdf
At a Glance
28 Sep 2022
PSB Annual Report
– 2022
https://www.rba.gov.au/publications/annual-reports/psb/2022/