Search: RTGS
RBA Glossary definition for RTGS
RTGS – Real-time gross settlement. A payment system in which processing and settlement take place in real time (continuously).
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Australia's RTGS System
31 Dec 2012
RDP
2012-06
Download the Paper 862. KB. RITS has operated as an RTGS system since 1998. ... Footnotes. For more information on RTGS in Australia see Gallagher, Gauntlett and Sunner (2010).
https://www.rba.gov.au/publications/rdp/2012/2012-06/aus-system.html
The Impact of Payment System Design on Tiering Incentives
30 Oct 2012
RDP
2012-06
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2012/2012-06.html
Methodology
31 Dec 2012
RDP
2012-06
Table 1: RTGS System Designs. Central queue. Bilateral offset. Sub-limits. Pure RTGS. –. –. –. ... This failure to settle all payments occurs because settlement times differ across the different RTGS systems, while available liquidity is set
https://www.rba.gov.au/publications/rdp/2012/2012-06/methodology.html
The Impact of Tiering on Risk
31 Dec 2012
RDP
2012-06
in the RTGS system we expect higher settlement bank exposures in the more liquidity-intensive pure RTGS system. ... Clients' exposures in the pure RTGS system are similar to those in the RITS replica system.
https://www.rba.gov.au/publications/rdp/2012/2012-06/impact-tier-risk.html
The Impact of Payment System Design on Tiering Incentives
1 Oct 2012
RDP
2012-06
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2012/2012-06/
Introduction
31 Dec 2012
RDP
2012-06
However, RTGS systems require participants to hold substantial liquidity in order to make payments. ... per cent of the total value of RTGS payments to settle through an agent.
https://www.rba.gov.au/publications/rdp/2012/2012-06/introduction.html
Conclusions
31 Dec 2012
RDP
2012-06
Download the Paper 862. KB. Australia's RTGS system, RITS, has a low level of tiering relative to many RTGS systems elsewhere. ... The results of the simulations conducted in this paper provide some evidence to support the hypothesis that the design of
https://www.rba.gov.au/publications/rdp/2012/2012-06/conclusions.html
Appendix B: Decomposing Liquidity Savings
31 Dec 2012
RDP
2012-06
RTGS system. ... Any reduction in liquidity usage in this case will be due to transactions between the client and the settlement bank being settled outside the RTGS system.
https://www.rba.gov.au/publications/rdp/2012/2012-06/appendix-b.html
The Benefits and Costs of Tiering
31 Dec 2012
RDP
2012-06
Download the Paper 862. KB. Systems that operate on an RTGS basis require participants to hold substantial liquidity in order to cover payments as they arise. ... Payments between the client and the settlement bank are settled across the settlement
https://www.rba.gov.au/publications/rdp/2012/2012-06/benefits-costs-tiering.html
The Impact of Tiering on Liquidity Usage
31 Dec 2012
RDP
2012-06
Our hypothesis is that the liquidity benefits from tiering decrease as more liquidity-saving features are added to the RTGS system. ... Again, the pure RTGS system is the most liquidity intensive and the RITS replica the least intensive for all scenarios.
https://www.rba.gov.au/publications/rdp/2012/2012-06/impact-tier-liquidity-usage.html