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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Weighing the Benefits and Costs of Tiering
31 Dec 2012
RDP
2012-06
Instead, RBA liaison with RITS participants suggests that the benefit of liquidity savings might be more closely associated with savings in the operational costs (both direct and indirect) of accessing the
https://www.rba.gov.au/publications/rdp/2012/2012-06/weighing-benefits-cost-tiering.html