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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Home-buyers, Housing and the Macroeconomy
27 Nov 2006
Conferences
PDF
129KB
RBA Conference Volume 2003
https://www.rba.gov.au/publications/confs/2003/pdf/case-quigley-shiller.pdf
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
10 Feb 2020
FSR
April 2018
PDF
1279KB
https://www.rba.gov.au/publications/fsr/2018/apr/pdf/03-australian-financial-system.pdf
The Australian Financial System
4 Oct 2019
FSR
– October 2019
This incident resulted in power loss to most IT systems at the RBA's head office, including those supporting RITS. ... The RBA also conducts regular contingency testing with RITS members to maintain a high level of readiness to deal with operational
https://www.rba.gov.au/publications/fsr/2019/oct/australian-financial-system.html
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 Apr 2018
FSR
– April 2018
The Fast Settlement Service (FSS), a new component of RITS, facilitates the settlement of NPP payments on a 24/7 basis. ... RITS has exceeded its availability target over the past five years and in 2017 had only 15 minutes of downtime.
https://www.rba.gov.au/publications/fsr/2018/apr/australian-financial-system.html
Asset Prices and Monetary Policy
27 Nov 2006
Conferences
PDF
2448KB
RBA Conference Volume 2003
https://www.rba.gov.au/publications/confs/2003/pdf/conf-vol-2003.pdf
Box C: Building Resilience to Cyber Risks
8 Apr 2022
FSR
– April 2022
Its operator role means that the Bank also supports broader initiatives that engage RITS members, including contingency exercises with industry participants. ... As a user of the SWIFT network and RITS operator, the Bank is compliant with SWIFT's
https://www.rba.gov.au/publications/fsr/2022/apr/box-c-building-resilience-to-cyber-risks.html
Measuring Global Interest Rate Comovements with Implications for Monetary Interdependence
29 Dec 2022
Conferences
PDF
1161KB
RBA Annual Conference 2022
https://www.rba.gov.au/publications/confs/2022/pdf/rba-conference-2022-fry-mckibbin-mckinnon-martin-presentation.pdf
The Impact of Unconventional Monetary Policy on the Overnight Interbank Market | Conference – 2013
19 Aug 2013
Conferences
This measure is published each day that the Reserve Bank Information and Transfer System (RITS) is open for interbank settlement.
https://www.rba.gov.au/publications/confs/2013/bech-monnet.html