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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Operational Structure
30 Aug 2023
as well as operation of the Reserve Bank Information and Transfer System (RITS), Australia's real-time gross settlement system (RTGS). ... RITS includes the Fast Settlements Service, which Payments Settlements Department operates on an RTGS basis 24
https://www.rba.gov.au/about-rba/structure/operational.html
Appendix A: Background Information | 2022 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
A.3 Governance and Oversight. RITS is owned and operated by the Bank. ... RITS also has features that allow members to efficiently manage and conserve liquidity.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2022/appendix-a.html
The Evolution of Interbank Settlement in Australia
17 Mar 2022
Bulletin
– March 2022
Electronic payments are ubiquitous in modern economies and result in financial obligations between different financial institutions.
https://www.rba.gov.au/publications/bulletin/2022/mar/the-evolution-of-interbank-settlement-in-australia.html
Developments since the 2005 Assessment | 2009 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
RITS' business continuity arrangements have been enhanced substantially over the past four years. ... The IMF also recommended that the Reserve Bank consider reviewing pricing in RITS.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2009/developments.html
Reserve Bank of Australia Annual Report 2023
1 May 2024
RBA Annual Report
- 2023
PDF
304KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/risk-management.pdf
Overview Of Batch Settlement in RITS | Enhanced Batch Processing in RITS – January 2020
9 Mar 2023
Enhanced Batch Processing in RITS – January 2020 2. Overview Of Batch Settlement In RITS. ... For a Member, this figure would be its net position to be settled across RITS.
https://www.rba.gov.au/payments-and-infrastructure/rits/information-papers/enhanced-batch-processing-in-rits/overview.html
Material Developments | 2017 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
The RITS Regulations form the legal basis for all material aspects of RITS. ... The RITS Membership Agreement binds RITS members and the Bank to the RITS Regulations.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2017/material-developments.html
At a Glance
28 Sep 2022
PSB Annual Report
– 2022
https://www.rba.gov.au/publications/annual-reports/psb/2022/
Strengthening the RBA's Payments Infrastructure
30 May 2023
Media Releases
In January 2023, the Reserve Bank of Australia commissioned a comprehensive review of the operating environment supporting the Reserve Bank Information and Transfer System (RITS). This system is a critical part of Australias payments
https://www.rba.gov.au/media-releases/2023/mr-23-12.html
Changes to Statistical Tables
14 Mar 2024
Statistics
Changes to Statistical Tables. Changes to Statistical Tables RSS feed. 2024. 29 February 2024. Monetary Policy Operations – Current – A3. From 8 February 2024, Table A3 will provide additional data on floating rate repos in open market operations
https://www.rba.gov.au/statistics/tables/changes-to-tables.html