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
Comparing the Output with Prudential Data
15 Aug 2018
RDP
2018-09
Since the ICSDs have no direct link to RITS, any Australian-dollar cash settled simultaneously with these transactions takes place across accounts at a private bank employed by the ICSD. ... This corresponds to the typical definition of the Australian
https://www.rba.gov.au/publications/rdp/2018/2018-09/comparing-the-output-with-prudential-data.html
The Algorithm Performance
15 Aug 2018
RDP
2018-09
Austraclear is the primary CSD for Australian dollar-denominated debt securities. It is linked to the Reserve Bank Information and Transfer System (RITS), the RBA's high-value settlement system.
https://www.rba.gov.au/publications/rdp/2018/2018-09/the-algorithm-performance.html
Identifying Repo Market Microstructure from Securities Transactions Data
1 Aug 2018
RDP
2018-09
Austraclear is the primary CSD for Australian dollar-denominated debt securities. It is linked to the Reserve Bank Information and Transfer System (RITS), the RBA's high-value settlement system. ... Since the ICSDs have no direct link to RITS, any
https://www.rba.gov.au/publications/rdp/2018/2018-09/full.html