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
The Australian Financial System
10 Mar 2014
FSR
– March 2014
RITS continued to function smoothly over the past six months, settling around five million payments worth $19 trillion. ... The first assessment against the new standards, published in December 2013, concluded that RITS observed all the relevant
https://www.rba.gov.au/publications/fsr/2014/mar/aus-fin-sys.html
The Australian Financial System
21 Nov 2022
FSR
- October 2021
PDF
1155KB
https://www.rba.gov.au/publications/fsr/2021/oct/pdf/03-australian-financial-system.pdf
The Australian Financial System
10 Mar 2012
FSR
– March 2012
position. These multilateral net positions are then settled in RITS at around 9 am the next day. ... This will supplement the existing reporting of high-value payments incidents by RITS members.
https://www.rba.gov.au/publications/fsr/2012/mar/aus-fin-sys.html
Financial Stability Review March 2014
26 Mar 2014
FSR
March 2014
PDF
1956KB
https://www.rba.gov.au/publications/fsr/2014/mar/pdf/0314.pdf
The Australian Financial System
10 Feb 2020
FSR
- April 2017
PDF
1611KB
https://www.rba.gov.au/publications/fsr/2017/apr/pdf/aus-fin-sys.pdf
The Australian Financial System
23 Sep 2014
FSR
September 2014
PDF
1711KB
https://www.rba.gov.au/publications/fsr/2014/sep/pdf/aus-fin-sys.pdf
The Australian Financial System
21 Nov 2022
FSR
- October 2022
PDF
1212KB
https://www.rba.gov.au/publications/fsr/2022/oct/pdf/03-australian-financial-system.pdf
The Australian Financial System
12 Apr 2019
FSR
– April 2019
This affected the Reserve Bank Information and Transfer System (RITS) and the Fast Settlement Service (FSS), which are used by banks and other approved institutions to settle payment obligations on a ... RITS. More than one year since its launch,
https://www.rba.gov.au/publications/fsr/2019/apr/australian-financial-system.html
The Australian Financial System
25 Apr 2023
FSR
- April 2023
PDF
1051KB
https://www.rba.gov.au/publications/fsr/2023/apr/pdf/02-australian-financial-system.pdf
Financial Stability Review
18 Nov 2022
FSR
- April 2022
PDF
2740KB
https://www.rba.gov.au/publications/fsr/2022/apr/pdf/financial-stability-review-2022-04.pdf