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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

12 Apr 2020 RBA Annual Report – 2020
RITS also provides a real-time settlement service, known as the Fast Settlement Service (FSS), to support the operation of the New Payments Platform (NPP). ... In addition to these interbank payments, the FSS also settles some intrabank transactions for
https://www.rba.gov.au/publications/annual-reports/rba/2020/banking-and-payment-services.html

Banking and Payment Services

17 Oct 2019 RBA Annual Report – 2019
The Fast Settlement Service (FSS) is a RITS real-time settlement service that supports the operation of the NPP. ... The average value of payments settled in the FSS was around $940 in June 2019, reflecting the predominantly retail nature of the payments
https://www.rba.gov.au/publications/annual-reports/rba/2019/banking-and-payment-services.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

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

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

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

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

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

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

Risk Management

21 Oct 2021 RBA Annual Report – 2021
transacting in financial markets to implement monetary policy. maintaining the infrastructure to facilitate real-time interbank payment and settlement services through RITS and the FSS.
https://www.rba.gov.au/publications/annual-reports/rba/2021/risk-management.html