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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1.5 Operational Structure
19 Oct 2023
RBA Annual Report
– October 2023
Operational Structure | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/operational-structure.html
Banking and Payment Services
21 Oct 2021
RBA Annual Report
– 2021
transactions originating from an upstream business operator and submits them to RITS for simultaneous settlement in a ‘batch’. ... The Reserve Bank is also committed to ensuring RITS continues to meet the functional needs of the payments industry.
https://www.rba.gov.au/publications/annual-reports/rba/2021/banking-and-payment-services.html
Reserve Bank of Australia Annual Report 2021 - Abbreviations
18 Oct 2021
RBA Annual Report
2021
PDF
35KB
https://www.rba.gov.au/publications/annual-reports/rba/2021/pdf/abbreviations.pdf
List of tables
2 Oct 2009
PSB Annual Report
– 2009
Table 6: RITS Throughput. Time by which each percentage of total is settled.
https://www.rba.gov.au/publications/annual-reports/psb/2009/tables.html
Developments in the Financial System Infrastructure
10 Sep 2005
FSR
– September 2005
has been particularly important in ensuring the legal robustness of settlement in RITS. ... Core Principle V – Settlement in Multilateral Netting Systems – is not applicable since RITS is not a multilateral netting system.
https://www.rba.gov.au/publications/fsr/2005/sep/dev-sys-infra.html
Reserve Bank of Australia Annual Report 2023
16 Oct 2023
RBA Annual Report
- 2023
PDF
810KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/list-of-graphs.pdf
Abbreviations
27 Sep 2023
PSB Annual Report
– 2023
Risk-free rate. RITS. Reserve Bank Information and Transfer System. RTGS. Real-time gross settlement.
https://www.rba.gov.au/publications/annual-reports/psb/2023/abbreviations.html
List of graphs
10 Mar 2010
FSR
– March 2010
Graph 56: Observable System Liquidity in RITS. ... Graph 57: RITS Settled Payments.
https://www.rba.gov.au/publications/fsr/2010/mar/graphs.html
Reserve Bank of Australia Annual Report 2023
16 Oct 2023
RBA Annual Report
- 2023
PDF
369KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/governors-foreword.pdf
Governor's Foreword
27 Sep 2023
PSB Annual Report
– September 2023
Governor's Foreword | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/governors-foreword.html