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
Kingdom. Endnotes. For more on e-conveyancing, see De Freitas G and E Fitzgerald (2021), ‘Property Settlement in RITS’, RBA.
https://www.rba.gov.au/publications/fsr/2021/apr/regulatory-developments.html
The Australian Financial System
8 Oct 2021
FSR
– October 2021
The Bank's 2021 assessment of Australia's high-value payment system – the Reserve Bank Information and Transfer System (RITS) – noted the importance of completing a program of improvements to physical ... a short interruption to settlement in RITS.
https://www.rba.gov.au/publications/fsr/2021/oct/australian-financial-system.html
The Australian Financial System
20 Oct 2016
FSR
– October 2016
As a systemically important piece of market infrastructure, the Bank maintains a robust framework for the resilience of RITS. ... To ensure that RITS remains a highly secure system, projects are underway to review the system's resilience.
https://www.rba.gov.au/publications/fsr/2016/oct/aus-fin-sys.html
The Australian Financial System
21 Nov 2022
FSR
- April 2022
PDF
981KB
https://www.rba.gov.au/publications/fsr/2022/apr/pdf/03-australian-financial-system.pdf
The Australian Financial System
10 Mar 2015
FSR
– March 2015
Around five million payments worth $20 trillion were settled in RITS over the past six months. ... RITS operations were unaffected by the security incident in Martin Place on 15 December 2014.
https://www.rba.gov.au/publications/fsr/2015/mar/aus-fin-sys.html
The Australian Financial System
4 Nov 2020
FSR
- October 2020
PDF
620KB
https://www.rba.gov.au/publications/fsr/2020/oct/pdf/03-australian-financial-system.pdf
The Australian Financial System
10 Sep 2014
FSR
– September 2014
The Reserve Bank invests in regular upgrades to its systems to ensure that RITS maintains resilient operations. ... Enhancement to RITS functionality to support settlement of these transactions will be implemented in late 2014.
https://www.rba.gov.au/publications/fsr/2014/sep/aus-fin-sys.html
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