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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Payment System Design and Participant Operational Disruptions
28 Jan 2015
RDP
PDF
578KB
Time when submitted to the simulator. Active Active Settlement time in RITS Deferred. ... Priority Priority Settlement time in RITS. Active Active Submission time to RITS Active.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-05.pdf
The Impact of Payment System Design on Tiering Incentives
28 Jan 2015
RDP
PDF
862KB
Time when submitted to the simulator. Deferred Active Active Settlement time in RITS. ... Priority Priority Settlement time in RITS. Active Active Active Submission time to RITS.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-06.pdf
Appendix A: Interbank Market Infrastructure
20 Jan 2021
RDP
2021-01
During 2008 there were around 50 banks with RITS ESAs, comprising Australian banks and subsidiaries and/or branches of foreign banks. ... While an unsecured loan takes place through a series of cash payments in RITS, a repo loan resembles a series of
https://www.rba.gov.au/publications/rdp/2021/2021-01/appendix-a.html
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Appendix A: Sub-limits and Bilateral Offsetting
31 Dec 2012
RDP
2012-06
Time when submitted to the simulator. Deferred. Active. Active. Settlement time in RITS. ... Priority. Priority. Settlement time in RITS. Active. Active. Active. Submission time to RITS.
https://www.rba.gov.au/publications/rdp/2012/2012-06/appendix-a.html
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Australia's RTGS System
31 Dec 2012
RDP
2012-05
Download the Paper 578. KB. RITS has operated as an RTGS system since 1998. ... RITS. The central queue in RITS operates on a ‘bypass first-in first-out (FIFO) basis’.
https://www.rba.gov.au/publications/rdp/2012/2012-05/aus-system.html
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Features of the Market
15 Dec 2016
RDP
2016-11
The ‘Evening’ session opens at 17.20. All ‘evening agreed’ banks must remain available to settle RITS transactions during this session. ... As a result, the intraday distribution of RITS transactions (including IBOC loans) differs between summer
https://www.rba.gov.au/publications/rdp/2016/2016-11/features-of-the-market.html
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Identifying Interbank Loans from Payments Data
6 Dec 2016
RDP
PDF
3267KB
RITS). RITS is used by banks and other approved institutions to settle payment obligations on. ... IBOC Survey. However, since our algorithm identifies IBOC loans via their corresponding RITS.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-11.pdf
The Role of Collateral in Borrowing
14 Jan 2021
RDP
PDF
1784KB
payments through the Reserve Bank Information and Transfer System (RITS). We use the algorithm.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-01.pdf
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
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