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.
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Governor's Foreword
8 Oct 2023
PSB Annual Report
- 2023
PDF
89KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/governors-foreword.pdf
The Australian Financial System
8 Apr 2022
FSR
– April 2022
The Reserve Bank Information and Transfer System (RITS) settles high-value payments between Australian banks, FMIs and other payment service providers. ... In December 2021, RITS issued revised Business Continuity and Security Standards, which include
https://www.rba.gov.au/publications/fsr/2022/apr/australian-financial-system.html
Box D: Cyber Risk
10 Feb 2020
FSR
October 2018
PDF
556KB
https://www.rba.gov.au/publications/fsr/2018/oct/pdf/box-d.pdf
Abbreviations
8 Oct 2023
PSB Annual Report
- 2023
PDF
65KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/abbreviations.pdf
Abbreviations
9 Aug 2023
RBA Annual Report
- 2022
PDF
65KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/abbreviations.pdf
Annual Performance Statement for 2021/22
27 Oct 2022
RBA Annual Report
– October 2022
Ensure the operational reliability of RITS. RITS availability at 99.95 per cent during core hours. ... Ensure the cyber security of RITS. Ongoing investment and regular reviews and testing to support cyber resilience.
https://www.rba.gov.au/publications/annual-reports/rba/2022/annual-performance-statement.html
List of tables
14 Sep 2017
PSB Annual Report
– 2017
Daily average, 2016/17. (a). Number. (b). Value. (b). Interbank settlement. value in RITS. ... 000s. $ billion. $ billion. RITS RTGS. 46.4. 175.0. 169.1. SWIFT payments.
https://www.rba.gov.au/publications/annual-reports/psb/2017/tables.html
List of tables
12 Sep 2014
PSB Annual Report
– 2014
$ billion. Per cent. $ billion. Domestic. RITS. 42. 162.7. 3.1. ... c). 3.1. 50.3. 3.8. 50.3. RITS cash transfers. 0.2. 11.9. 3.6.
https://www.rba.gov.au/publications/annual-reports/psb/2014/tables.html
List of tables
20 Sep 2018
PSB Annual Report
– 2018
a)(b). Number. (c). Value. (c). Interbank settlement value in RITS. '000s. ... 4. 108. 4. Austraclear. (d). 12. 59. 14. 55. 15. RITS cash transfers. –. –.
https://www.rba.gov.au/publications/annual-reports/psb/2018/tables.html
Risk Management
27 Oct 2022
RBA Annual Report
– October 2022
transacting in financial markets to implement monetary policy. maintaining the infrastructure to facilitate real-time interbank payment and settlement services through RITS and the Fast Settlement Service. ... In 2021/22, the Bank executed
https://www.rba.gov.au/publications/annual-reports/rba/2022/risk-management.html