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
Property Settlement in RITS
18 Mar 2021
Bulletin
– March 2021
Property transactions are among the largest and most significant financial undertakings that many Australians enter into.
https://www.rba.gov.au/publications/bulletin/2021/mar/property-settlement-in-rits.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
The Evolution of Interbank Settlement in Australia
17 Mar 2022
Bulletin
– March 2022
Electronic payments are ubiquitous in modern economies and result in financial obligations between different financial institutions.
https://www.rba.gov.au/publications/bulletin/2022/mar/the-evolution-of-interbank-settlement-in-australia.html
List of tables
10 Mar 2009
FSR
– March 2009
Table 8: RITS Throughput. Time by which each percentage of total value is settled.
https://www.rba.gov.au/publications/fsr/2009/mar/tables.html
The Australian High-Value Payments System
10 Mar 2004
FSR
– March 2004
These transactions account for around 70 per cent of the value that passes through RITS. ... These transactions are a fairly small proportion – around 5 per cent – of total RITS transactions.
https://www.rba.gov.au/publications/fsr/2004/mar/aus-high-val-pay-sys.html
The Australian Financial System
6 Apr 2023
FSR
– April 2023
The Australian Financial System | Financial Stability Review – April 2023
https://www.rba.gov.au/publications/fsr/2023/apr/australian-financial-system.html
The Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
– June 2014
In November 2013, the Reserve Bank introduced changes to its Reserve Bank Information and Transfer System (RITS) to allow the same-day settlement of non-government direct entry obligations. This outcome met one of the objectives set by the Payments
https://www.rba.gov.au/publications/bulletin/2014/jun/7.html
Property Settlement in RITS
17 Mar 2021
Bulletin
- March 2021
PDF
606KB
https://www.rba.gov.au/publications/bulletin/2021/mar/pdf/property-settlement-in-rits.pdf
March | 2022
17 Mar 2022
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2022/mar/
The Australian High-Value Payments System
19 Apr 2004
FSR
PDF
98KB
These transactions account for around 70 per cent of the value that passes through RITS. • ... These transactions are a fairly small proportion – around 5 per cent – of total RITS transactions.
https://www.rba.gov.au/publications/fsr/2004/mar/pdf/0304-1.pdf