Search: RITS
RBA Glossary definition for RITS
RITS – The Reserve Bank Information and Transfer System (RITS) was established in August 1991 and is operated by the Reserve Bank of Australia. RITS is Australia's Real-Time Gross Settlement (RTGS) system, which plays a central role in the Australian payments clearing and settlement system.
RITS is the means by which Exchange Settlement Accounts are accessed and membership is compulsory for all Australian-licensed banks and participants in the Reserve Bank's domestic market operations.
Search Results
Continuous Linked Settlement: RITS Session Times and Operational Arrangements – July 2015
9 Mar 2023
The CLS settlement process takes place during the European morning (i.e. the Australian late afternoon/evening), during which time RITS and other participating RTGS systems must be open. This information paper outlines RITS session times and
https://www.rba.gov.au/payments-and-infrastructure/rits/information-papers/cls-rits-session-times-and-operational-arrangements/
System Availability Statistics - 2023
3 Aug 2023
For more details on availability calculations and targets, and system components, see About RITS, System Availability. ... Per cent. RITS. (b). 100.000. 99.962. 100.000. 100.000. 99.992. RITS settlement services for:.
https://www.rba.gov.au/payments-and-infrastructure/rits/system-availability-statistics/index.html
Details of Session Times | Continuous Linked Settlement: RITS Session Times and Operational Arrangements – July 2015
9 Mar 2023
CET. AEST. AEDT. Event. 21:30. 07:30. Start of RITS Morning Settlement Session (AEDT). ... Start RITS Interim Session, i.e. RITS settlements suspended (AEDT). 07:20. 17:20.
https://www.rba.gov.au/payments-and-infrastructure/rits/information-papers/cls-rits-session-times-and-operational-arrangements/details-of-session-times.html
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
Technical Notes
9 Mar 2023
Technical Notes. Technical information for financial service providers about participation in the Reserve Bank's domestic market operations and liquidity facilities. The materials on this webpage are subject to copyright and their use is subject to
https://www.rba.gov.au/mkt-operations/resources/tech-notes/index.html
Real-time Gross Settlement in Australia
10 Sep 2010
Bulletin
– September 2010
RITS also employs a number of liquidity-saving mechanisms that help avoid gridlock. ... During the Morning Settlement Session, only RITS and interbank Austraclear payments can be settled.
https://www.rba.gov.au/publications/bulletin/2010/sep/8.html
Exchange Settlement Account Policy
9 Mar 2023
The Reserve Bank of Australia's Exchange Settlement Account Policy
https://www.rba.gov.au/payments-and-infrastructure/esa/
3.3 Risk Management
19 Oct 2023
RBA Annual Report
– October 2023
Risk Management | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/risk-management.html
2019 Assessment of the Reserve Bank Information and Transfer System – Material Developments
9 Mar 2023
review the range of RITS endpoint security risks and how these are currently mitigated. ... LCH settles AUD transactions, typically variation margin payments, across its ESA in RITS.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2019/material-developments.html
Payments & Infrastructure
9 Mar 2023
REFORMS: Credit Cards; Debit Cards; The ATM System; ATM Fee Reforms; Review of Card Payment Systems Reforms; Account Switching; POLICY FRAMEWORK: Payments System Board; Core Principles for Systemically Important Payment Systems; Standards for
https://www.rba.gov.au/payments-and-infrastructure/