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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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Banking and Payment Services

27 Oct 2022 RBA Annual Report – October 2022
RITS also provides the Fast Settlement Service (FSS), a RTGS service to support the NPP. ... The FSS typically settles lower value payments in real-time on a 24/7 basis.
https://www.rba.gov.au/publications/annual-reports/rba/2022/banking-and-payment-services.html

Annual Performance Statement for 2021/22

27 Oct 2022 RBA Annual Report – October 2022
FSS availability was below target at 99.990 per cent due to a vendor software issue that occurred in April 2022. ... Complete a refresh of FSS infrastructure by mid 2023. The Bank has completed the detailed design and commenced building the
https://www.rba.gov.au/publications/annual-reports/rba/2022/annual-performance-statement.html

Our Role

27 Oct 2022 RBA Annual Report – October 2022
Our operational role in the payments system is effected through the Banks ownership and management of RITS (including the Fast Settlement Service (FSS)), which is used by banks and other approved
https://www.rba.gov.au/publications/annual-reports/rba/2022/our-role.html

Abbreviations

27 Oct 2022 RBA Annual Report – 2022
FSS. Fast Settlement Service (of RITS). FTE. full-time equivalent. FX. foreign exchange.
https://www.rba.gov.au/publications/annual-reports/rba/2022/abbreviations.html

Reserve Bank of Australia Annual Report 2021

29 Sep 2022 RBA Annual Report 2021 PDF 6721KB
https://www.rba.gov.au/publications/annual-reports/rba/2021/pdf/2021-report.pdf

Financial Market Infrastructures

28 Sep 2022 PSB Annual Report – September 2022
While the review found that the target state for the replacement system is broadly consistent with relevant FSS standards, further work is required to provide assurance that the system is being ... In addition to determining how CBL meets the FSS, the
https://www.rba.gov.au/publications/annual-reports/psb/2022/financial-market-infrastructures.html

Abbreviations

28 Sep 2022 PSB Annual Report – 2022
FSB. Financial Stability Board. FSS. Fast Settlement Service. HVCS. High Value Clearing System.
https://www.rba.gov.au/publications/annual-reports/psb/2022/abbreviations.html

About the Payments System Board

28 Sep 2022 PSB Annual Report – September 2022
The Bank operates the Fast Settlement Service (FSS), which enables the settlement of NPP payments individually in real time.
https://www.rba.gov.au/publications/annual-reports/psb/2022/about-the-payments-system-board.html

Box A: Developments in the Electricity Derivatives Market

28 Sep 2022 PSB Annual Report – 2022
The FSS requires CCPs to have an effective margin system that is risk based and regularly reviewed.
https://www.rba.gov.au/publications/annual-reports/psb/2022/box-a-developments-in-the-electricity-derivatives-market.html

Abbreviations

27 Sep 2022 PSB Annual Report - 2022 PDF 76KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/abbreviations.pdf