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RBA Glossary definition for FSS

FSS – Financial Stability Standards

RBA Glossary definition for FSS

FSS – Fast Settlement Service (of RITS)

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Glossary

22 Jan 2024
A glossary of terms used on the RBA website
https://www.rba.gov.au/glossary/

2.3 Banking and Payment Services

19 Oct 2023 RBA Annual Report – October 2023
Banking and Payment Services | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/banking-and-payment-services.html

Box D: The New Payments Platform and Fast Settlement Service

10 Apr 2018 FSR – April 2018
The NPP and FSS are completely new pieces of payments infrastructure (Figure D1). ... The payment gateways also initiate settlement by sending a settlement request to the FSS.
https://www.rba.gov.au/publications/fsr/2018/apr/box-d.html

System Availability Statistics - 2023

3 Aug 2023
100.000. 100.000. 100.000. 100.000. LVSS. 100.000. 100.000. 100.000. 100.000. 100.000. FSS. ... In April and May, two separate incidents resulted in FSS downtime of less than half a minute and 36 minutes, respectively.
https://www.rba.gov.au/payments-and-infrastructure/rits/system-availability-statistics/index.html

Changes to Statistical Tables

14 Mar 2024 Statistics
Changes to Statistical Tables. Changes to Statistical Tables RSS feed. 2024. 29 February 2024. Monetary Policy Operations – Current – A3. From 8 February 2024, Table A3 will provide additional data on floating rate repos in open market operations
https://www.rba.gov.au/statistics/tables/changes-to-tables.html

Two Years of Fast Payments in Australia

19 Mar 2020 Bulletin – March 2020
Emilie Fitzgerald and Alexandra Rush
It has been two years since the public launch of the New Payments Platform (NPP) and the Fast Settlement Service (FSS).
https://www.rba.gov.au/publications/bulletin/2020/mar/two-years-of-fast-payments-in-australia.html

About RITS

20 Mar 2023
A general overview and information papers concerning RITS and its structure
https://www.rba.gov.au/payments-and-infrastructure/rits/about.html

Final Incident Report RITS and FSS Incident – 12 October 2022

25 Nov 2022 Media Release PDF 146KB
19:00 Issue identified. 19:05 Incident bridge convened. 19:23 FSS FSS automatically attempts to self-suspend the PAGs. ... submitted. 23:15 NPPA IRG meeting held. 23:47 FSS FSS is restored (one stack out of four).
https://www.rba.gov.au/media-releases/2022/pdf/mr-22-40-final-incident-report-rits-and-fss-incident-12-october-2022.pdf

2022 Recommendations to Observe or Continue Observing the FSS | 2021/22 Assessment of ASX Clearing and Settlement Facilities

9 Mar 2023
2021/22 Assessment of ASX Clearing and Settlement Facilities
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2021-2022/recommendations-to-observe-or-continue-observing-the-fss.html

Technology Outage

13 Oct 2022 Media Releases
The Reserve Bank experienced a system issue yesterday evening which impacted the Fast Settlement Service (FSS) and the Low Value Clearing and Settlement Services (LVCS and LVSS).
https://www.rba.gov.au/media-releases/2022/mr-22-34.html