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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Submission to Payments System Review – January 2021 | Responses and Options Paper
8 May 2024
Submissions
Submissions – Payments System Submission to Payments System Review. Submission to the Review of the Australian Payments System. January 2021. Download the complete Submission 1.12. MB. The Bank considers that the existing regulatory arrangements
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html
A Strategic Plan for the Payments System
6 Jun 2023
Submissions
PDF
539KB
System (RITS) is currently the only domestic SIPS.2 Threats to the operational reliability or security of.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/consultation-on-a-strategic-plan-for-the-payments-system.pdf
Submission to Payments System Review
3 Feb 2021
Submissions
PDF
1155KB
It owns, operates and. participates in the system providing real-time gross settlement of high-value payments between financial institutions, the Reserve Bank Information and Transfer System (RITS).
https://www.rba.gov.au/publications/submissions/payments-system/pdf/submission-to-payments-system-review-01-2021.pdf
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
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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
Figure 8.1 | Submission to the Financial System Inquiry – March 2014
19 Mar 2019
Submissions
In 2013, RITS settled approximately. 1 billion worth of interbank obligations on an RTGS basis on average each day;. ... 5 billion through the SWIFT PDS feeder system and RITS Cash Transfers, and.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/graphs/figure-8.1.html
Submission on Data Sharing and Release Legislation
18 Oct 2018
Submissions
PDF
207KB
Similar concerns would relate to data resulting from the Bank’s operation of the interbank payments settlement system (the Reserve Bank Information and Transfer System, known as RITS) and specialised
https://www.rba.gov.au/publications/submissions/other/data-sharing-and-release-legislation/pdf/data-sharing-and-release-legislation_2018-08.pdf
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
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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
Submission on Data Sharing and Release Legislation – August 2018 | Data Sharing | Submissions
1 Aug 2018
Submissions
Similar concerns would relate to data resulting from the Bank's operation of the interbank payments settlement system (the Reserve Bank Information and Transfer System, known as RITS) and specialised banking ... In other situations the Bank sets the
https://www.rba.gov.au/publications/submissions/other/data-sharing-and-release-legislation/