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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Real-time Gross Settlement in Australia
21 Sep 2010
Bulletin
PDF
257KB
Reserve Bank of Australia Bulletin September 2010
https://www.rba.gov.au/publications/bulletin/2010/sep/pdf/bu-0910-8.pdf
March | 2021
18 Mar 2021
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2021/mar/
Electronic Indicators of Economic Activity
20 Jun 2012
Bulletin
PDF
1091KB
Reserve Bank of Australia Bulletin June Quarter 2012
https://www.rba.gov.au/publications/bulletin/2012/jun/pdf/bu-0612-1.pdf
Electronic Indicators of Economic Activity
10 Jun 2012
Bulletin
– June 2012
Source: RBA. Retail payments data are also available on a daily basis from RITS. ... For further discussion on the settlement of payments in RITS, see Gallagher, Gauntlett and Sunner (2010).
https://www.rba.gov.au/publications/bulletin/2012/jun/1.html
Review of Card Surcharging: A Consultation Document | Consultations
7 Jun 2011
Consultations
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/publications/consultations/201106-review-card-surcharging/
Bulletin March Quarter 2021
22 Mar 2021
Bulletin
- March 2021
PDF
6101KB
https://www.rba.gov.au/publications/bulletin/2021/mar/pdf/bulletin-2021-03.pdf
Migration Approach | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019
31 Dec 2002
Consultations
The RBA will not perform translation of any messages in RITS. ... For the HVCS and batch migrations to ISO 20022, the main potential impact is to the reporting that RITS provides to ESA holders, as these may contain details of settlements that
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/migration-approach.html
The Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
PDF
688KB
Reserve Bank of Australia Bulletin June Quarter 2014
https://www.rba.gov.au/publications/bulletin/2014/jun/pdf/bu-0614-7.pdf
Topic: Payments
11 Sep 2018
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/payments/
Reserve Bank Domestic Operations under RTGS
23 Feb 2001
Bulletin
PDF
43KB
The RTGS system now handles about90 per cent of the total flow of paymentsbetween members of the Reserve BankInformation Transfer System – RITS – whichis the operating framework to achievesettlement within RTGS. ... System Liquidity. The cash market
https://www.rba.gov.au/publications/bulletin/1998/nov/pdf/bu-1198-3.pdf