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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Domestic Regulatory Developments
8 Apr 2021
FSR
- April 2021
PDF
260KB
https://www.rba.gov.au/publications/fsr/2021/apr/pdf/04-regulatory-developments.pdf
List of graphs
10 Sep 2014
FSR
– September 2014
Graph 2.20 Multilateral Net Settlement in RITS.
https://www.rba.gov.au/publications/fsr/2014/sep/graphs.html
The Australian Financial System
10 Mar 2013
FSR
– March 2013
RITS continued to function smoothly during the past six months, settling around 5 million payments worth $19 trillion. ... The availability of sufficient liquidity is essential for the smooth operation of RITS.
https://www.rba.gov.au/publications/fsr/2013/mar/aus-fin-sys.html
The Australian Financial System
21 Apr 2017
FSR
– April 2017
The Reserve Bank Information and Transfer System (RITS) – which is used by financial institutions to settle payments – processed around 6 million transactions in the six months to March, with an aggregate ... There were no major RITS operational
https://www.rba.gov.au/publications/fsr/2017/apr/aus-fin-sys.html
The Australian Financial System
29 Sep 2010
FSR
- September 2010
PDF
399KB
https://www.rba.gov.au/publications/fsr/2010/sep/pdf/aus-fin-sys.pdf
Financial Stability Review - September 2005
26 Sep 2005
FSR
- September 2005
PDF
494KB
https://www.rba.gov.au/publications/fsr/2005/sep/pdf/0905.pdf
The Australian Financial System
10 Mar 2014
FSR
– March 2014
RITS continued to function smoothly over the past six months, settling around five million payments worth $19 trillion. ... The first assessment against the new standards, published in December 2013, concluded that RITS observed all the relevant
https://www.rba.gov.au/publications/fsr/2014/mar/aus-fin-sys.html
The Australian Financial System
21 Nov 2022
FSR
- October 2021
PDF
1155KB
https://www.rba.gov.au/publications/fsr/2021/oct/pdf/03-australian-financial-system.pdf
Financial Stability Review March 2014
26 Mar 2014
FSR
March 2014
PDF
1956KB
https://www.rba.gov.au/publications/fsr/2014/mar/pdf/0314.pdf
The Australian Financial System
10 Mar 2012
FSR
– March 2012
position. These multilateral net positions are then settled in RITS at around 9 am the next day. ... This will supplement the existing reporting of high-value payments incidents by RITS members.
https://www.rba.gov.au/publications/fsr/2012/mar/aus-fin-sys.html