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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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
The Australian Financial System
14 Apr 2016
FSR
April 2016
PDF
604KB
https://www.rba.gov.au/publications/fsr/2016/apr/pdf/aus-fin-sys.pdf
The Australian Financial System
13 Oct 2016
FSR
October 2016
PDF
469KB
https://www.rba.gov.au/publications/fsr/2016/oct/pdf/aus-fin-sys.pdf
Reserve Bank Domestic Operations under RTGS
23 Feb 2001
Bulletin
PDF
43KB
The RTGS system now handles about90 per cent of the total flow of paymentsbetween members of the Reserve BankInformation Transfer System – RITS – whichis the operating framework to achievesettlement within RTGS. ... System Liquidity. The cash market
https://www.rba.gov.au/publications/bulletin/1998/nov/pdf/bu-1198-3.pdf
Topic: Payments
11 Sep 2018
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/payments/
List of graphs
10 Mar 2010
FSR
– March 2010
Graph 56: Observable System Liquidity in RITS. ... Graph 57: RITS Settled Payments.
https://www.rba.gov.au/publications/fsr/2010/mar/graphs.html
Migration Approach | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019
31 Dec 2002
Consultations
The RBA will not perform translation of any messages in RITS. ... For the HVCS and batch migrations to ISO 20022, the main potential impact is to the reporting that RITS provides to ESA holders, as these may contain details of settlements that
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/migration-approach.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
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
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