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RBA Glossary definition for FAST

FAST – Fast and Secure Transfers

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Governor's Foreword

27 Sep 2023 PSB Annual Report – September 2023
Governor's Foreword | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/governors-foreword.html

Reserve Bank of Australia Annual Report 2023

8 Feb 2024 RBA Annual Report - 2023 PDF 641KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/international-financial-cooperation.pdf

Abbreviations

15 Oct 2020 PSB Annual Report – 2020
FSS. Fast Settlement Service. HVCS. High Value Clearing System. IBOR. Interbank offered rate.
https://www.rba.gov.au/publications/annual-reports/psb/2020/abbreviations.html

Our Role

21 Oct 2021 RBA Annual Report – 2021
The Fast Settlement Service of RITS settles obligations arising from individual payments exchanged on the New Payments Platform in real time on a 24/7 basis.
https://www.rba.gov.au/publications/annual-reports/rba/2021/our-role.html

Reserve Bank of Australia Annual Report 2023

16 Oct 2023 RBA Annual Report - 2023 PDF 447KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/operational-structure.pdf

Our Role

12 Apr 2020 RBA Annual Report – 2020
The Fast Settlement Service of RITS settles obligations arising from individual payments exchanged on the New Payments Platform in real time on a 24/7 basis.
https://www.rba.gov.au/publications/annual-reports/rba/2020/our-role.html

Banking and Payment Services

20 Sep 2018 RBA Annual Report – 2018
The NPP allows fast, versatile and data-rich payments to be made 24/7. ... The Australian Prudential Regulation Authority is also introducing a phased approach to authorising new ADIs, which allows new entrants to fast track a restricted ADI licence.
https://www.rba.gov.au/publications/annual-reports/rba/2018/banking-and-payment-services.html

Abbreviations

21 Oct 2021 PSB Annual Report – 2021
FSB. Financial Stability Board. FSS. Fast Settlement Service. HVCS. High Value Clearing System.
https://www.rba.gov.au/publications/annual-reports/psb/2021/abbreviations.html

Governor's Foreword

28 Sep 2022 PSB Annual Report – September 2022
More account-to-account transfers are also occurring in real time using Australias fast payment system and further development of this system is underway. ... The Bank is working on elements of the G20 roadmap, including adoption of the international
https://www.rba.gov.au/publications/annual-reports/psb/2022/governors-foreword.html

Management of the Reserve Bank

27 Oct 2022 RBA Annual Report – October 2022
This includes from the use of payment systems run by the Bank (such as the Reserve Bank Information and Transfer System and the Fast Settlement Service), and from transactional banking services ... supporting the Fast Settlement Service.
https://www.rba.gov.au/publications/annual-reports/rba/2022/management-of-the-reserve-bank.html