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
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
The Role of Collateral in Borrowing
20 Jan 2021
RDP
2021-01
The unsecured lending data come from a proprietary transaction-level dataset that contains all payments through the Reserve Bank Information and Transfer System (RITS).
https://www.rba.gov.au/publications/rdp/2021/2021-01/full.html
Institutional Background and Data
20 Jan 2021
RDP
2021-01
The unsecured lending data come from a proprietary transaction-level dataset that contains all payments through the Reserve Bank Information and Transfer System (RITS).
https://www.rba.gov.au/publications/rdp/2021/2021-01/institutional-background-and-data.html