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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Box D: The New Payments Platform and Fast Settlement Service
10 Feb 2020
FSR
April 2018
PDF
588KB
https://www.rba.gov.au/publications/fsr/2018/apr/pdf/box-d.pdf
The Australian High-Value Payments System
19 Apr 2004
FSR
PDF
98KB
These transactions account for around 70 per cent of the value that passes through RITS. • ... These transactions are a fairly small proportion – around 5 per cent – of total RITS transactions.
https://www.rba.gov.au/publications/fsr/2004/mar/pdf/0304-1.pdf
The Impact of Payment System Design on Tiering Incentives
28 Jan 2015
RDP
PDF
862KB
Time when submitted to the simulator. Deferred Active Active Settlement time in RITS. ... Priority Priority Settlement time in RITS. Active Active Active Submission time to RITS.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-06.pdf
Payment System Design and Participant Operational Disruptions
28 Jan 2015
RDP
PDF
578KB
Time when submitted to the simulator. Active Active Settlement time in RITS Deferred. ... Priority Priority Settlement time in RITS. Active Active Submission time to RITS Active.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-05.pdf
Box D: Cyber Risk
10 Feb 2020
FSR
October 2018
PDF
556KB
https://www.rba.gov.au/publications/fsr/2018/oct/pdf/box-d.pdf
Identifying Interbank Loans from Payments Data
6 Dec 2016
RDP
PDF
3267KB
RITS). RITS is used by banks and other approved institutions to settle payment obligations on. ... IBOC Survey. However, since our algorithm identifies IBOC loans via their corresponding RITS.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-11.pdf
The Australian Financial System
10 Feb 2020
FSR
October 2017
PDF
926KB
https://www.rba.gov.au/publications/fsr/2017/oct/pdf/aus-fin-sys.pdf
The Role of Collateral in Borrowing
14 Jan 2021
RDP
PDF
1784KB
payments through the Reserve Bank Information and Transfer System (RITS). We use the algorithm.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-01.pdf
Identifying Repo Market Microstructure from Securities Transactions Data
13 Aug 2018
RDP
PDF
2622KB
RITS), the RBA’s high-value settlement system. This permits Austraclear account holders to.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-09.pdf
The Australian Financial System
14 Apr 2016
FSR
April 2016
PDF
604KB
https://www.rba.gov.au/publications/fsr/2016/apr/pdf/aus-fin-sys.pdf