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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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Identifying Repo Market Microstructure from Securities Transactions Data

13 Aug 2018 RDP PDF 2622KB
RITS), the RBA’s high-value settlement system. This permits Austraclear account holders to.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-09.pdf

Review of Card Surcharging: A Consultation Document | Consultations

7 Jun 2011 Consultations
REFORMS: Credit Cards; Debit Cards; The ATM System; ATM Fee Reforms; Review of Card Payment Systems Reforms; Account Switching; POLICY FRAMEWORK: Payments System Board; Core Principles for Systemically Important Payment Systems; Standards for
https://www.rba.gov.au/publications/consultations/201106-review-card-surcharging/

Systematic Risk Characteristics of Corporate Equity

1 Dec 2009 RDP PDF 265KB
market:. ( ) ( )E r r E r rit zt it mt zt = β (1). ... where rit is the equity return for firm i, rmt is the value-weighted average return onthe NYSE, including all distributions of income such as dividends and bonuses.
https://www.rba.gov.au/publications/rdp/1998/pdf/rdp9802.pdf

ISO 20022 Migration for the Australian Payments System – Issues Paper

7 Apr 2019 Consultations PDF 1644KB
A consultation paper issued by the Reserve Bank of Australia and the Australian Payments Council - April 2019
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/pdf/issues-paper.pdf

ISO 20022 Migration for the Australian Payments System – Responses and Options Paper

11 Sep 2019 Consultations PDF 1175KB
Bank Information and Transfer System (RITS) Members directly using the New Payments Platform. ... AusPayNet, a representative from the RBA’s Payments Settlements Department (responsible for RITS).
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/pdf/consultation-paper.pdf

The Impact of Rating Changes in Australian Financial Markets

2 Dec 2009 RDP PDF 328KB
For each event (i), the daily (log-differenced) equity price return for the relevant company (Rit) is regressed upon the corresponding broad market return (the All Ordinaries Index, Rmt) using ordinary ... This would suggest estimating the market model
https://www.rba.gov.au/publications/rdp/2004/pdf/rdp2004-02.pdf

Comparing the Output with Prudential Data

15 Aug 2018 RDP 2018-09
Nicholas Garvin
Since the ICSDs have no direct link to RITS, any Australian-dollar cash settled simultaneously with these transactions takes place across accounts at a private bank employed by the ICSD. ... This corresponds to the typical definition of the Australian
https://www.rba.gov.au/publications/rdp/2018/2018-09/comparing-the-output-with-prudential-data.html
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Project Scope | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019

31 Dec 2002 Consultations
the HVCS, which will continue to run as a separate clearing system using the SWIFT InterAct service with settlement occurring in RITS. ... Migration of the RITS AIF service from MT to ISO 20022 messaging will be managed independently from the industry
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/project-scope.html

Strategic Issues – Payment System Design | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
Under the Y-Copy service, RITS receives no information about the sending or receiving customer. ... Under this model, the full payment message, including customer information, is received by RITS.
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-payment-system-design.html

ISO 20022 Migration for the Australian Payments System – Conclusions Paper

25 Feb 2020 Consultations PDF 560KB
batch settlements, including property settlement and reservation (see below). • RITS AIF (see below). • ... Also known as the SWIFT PDS. Settlement occurs on a line-by-line basis in RITS.
https://www.rba.gov.au/publications/consultations/202002-iso-20022-migration-for-the-australian-payments-system/pdf/iso-20022-migration-for-the-australian-payments-system-conclusions-paper.pdf