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RBA Glossary definition for FAST

FAST – Fast and Secure Transfers

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Governor's Foreword

21 Oct 2021 RBA Annual Report – 2021
Many of these payments have been made using Australia's real-time fast payment system, which allows money to be paid into bank accounts 24 hours a day, seven days a ... week. The Bank has been a long-time proponent of a fast payments system in Australia
https://www.rba.gov.au/publications/annual-reports/rba/2021/governors-foreword.html

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

Abbreviations

21 Oct 2021 RBA Annual Report – 2021
FSS. Fast Settlement Service (of RITS). FTE. full-time equivalent. FX. foreign exchange.
https://www.rba.gov.au/publications/annual-reports/rba/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

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

8 Feb 2024 RBA Annual Report - 2023 PDF 9570KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/rba-annual-report-2023.pdf

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

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

Governance

15 Oct 2020 PSB Annual Report – 2020
as provider of the Fast Settlement Service (FSS)) appoints one of its directors.
https://www.rba.gov.au/publications/annual-reports/psb/2020/governance.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