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RBA Glossary definition for FAST

FAST – Fast and Secure Transfers

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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

Our Role

20 Sep 2018 RBA Annual Report – 2018
In November 2017, significant new capability was added to RITS with the Fast Settlement Service commencing live operations.
https://www.rba.gov.au/publications/annual-reports/rba/2018/our-role.html

Reserve Bank of Australia Annual Report 2023

1 May 2024 RBA Annual Report - 2023 PDF 358KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/banking-and-payment-services.pdf

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

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

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

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

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

Abbreviations

12 Apr 2020 RBA Annual Report – 2020
FSS. Fast Settlement Service (of RITS). FTE. full-time equivalent. FX. foreign exchange.
https://www.rba.gov.au/publications/annual-reports/rba/2020/abbreviations.html