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.
Search Results
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
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
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
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
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
29 Sep 2010
FSR
- September 2010
PDF
399KB
https://www.rba.gov.au/publications/fsr/2010/sep/pdf/aus-fin-sys.pdf
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
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