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 2017
FSR
– October 2017
These assessments have been completed for RITS and work is underway for the ASX clearing and settlement facilities. ... RITS recently updated its Business Continuity Standards for RITS members to specifically address cyber security.
https://www.rba.gov.au/publications/fsr/2017/oct/aus-fin-sys.html
List of graphs
10 Sep 2011
FSR
– September 2011
Graph 2.26: RITS Settled Payments. ... Graph 2.27: RITS Peak Liquidity.
https://www.rba.gov.au/publications/fsr/2011/sep/graphs.html
The Australian Financial System
20 Oct 2016
FSR
– October 2016
As a systemically important piece of market infrastructure, the Bank maintains a robust framework for the resilience of RITS. ... To ensure that RITS remains a highly secure system, projects are underway to review the system's resilience.
https://www.rba.gov.au/publications/fsr/2016/oct/aus-fin-sys.html
Infrastructure Developments in the Market for Commonwealth Government Securities
25 Sep 2013
Bulletin
PDF
499KB
Reserve Bank of Australia Bulletin September Quarter 2013
https://www.rba.gov.au/publications/bulletin/2013/sep/pdf/bu-0913-6.pdf
The Australian Financial System
10 Mar 2015
FSR
– March 2015
Around five million payments worth $20 trillion were settled in RITS over the past six months. ... RITS operations were unaffected by the security incident in Martin Place on 15 December 2014.
https://www.rba.gov.au/publications/fsr/2015/mar/aus-fin-sys.html
More on Risks in Banking
23 Feb 2001
Bulletin
PDF
43KB
Over the past six months, several majormilestones have been achieved in the RTGSproject, and now all of the basic infrastructureis in place:• The necessary enhancements to RITS (the. ... Austraclear commenced operations as afeeder system at the end of
https://www.rba.gov.au/publications/bulletin/1997/nov/pdf/bu-1197-4.pdf
The Australian Financial System
21 Nov 2022
FSR
- April 2022
PDF
981KB
https://www.rba.gov.au/publications/fsr/2022/apr/pdf/03-australian-financial-system.pdf
The Australian Financial System
4 Nov 2020
FSR
- October 2020
PDF
620KB
https://www.rba.gov.au/publications/fsr/2020/oct/pdf/03-australian-financial-system.pdf
The Australian Financial System
20 Apr 2016
FSR
– April 2016
In addition to the regular assessment of RITS against the PFMI, projects are underway to review the system's resilience. ... RITS continues to be a secure system that meets international best practice and the needs of its participants.
https://www.rba.gov.au/publications/fsr/2016/apr/aus-fin-sys.html
The Australian Financial System
10 Sep 2014
FSR
– September 2014
The Reserve Bank invests in regular upgrades to its systems to ensure that RITS maintains resilient operations. ... Enhancement to RITS functionality to support settlement of these transactions will be implemented in late 2014.
https://www.rba.gov.au/publications/fsr/2014/sep/aus-fin-sys.html