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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The Australian Financial System
8 Apr 2021
FSR
– April 2021
System (RITS). ... It is also implementing a program of improvements to its IT operational practices that include a number of initiatives aimed at enhancing the operational stability of RITS.
https://www.rba.gov.au/publications/fsr/2021/apr/australian-financial-system.html
List of graphs
10 Mar 2011
FSR
– March 2011
Graph 2.30: RITS Settled Payments. ... Graph 2.31: RITS Peak Liquidity.
https://www.rba.gov.au/publications/fsr/2011/mar/graphs.html
The Australian Financial System
13 Oct 2016
FSR
October 2016
PDF
469KB
https://www.rba.gov.au/publications/fsr/2016/oct/pdf/aus-fin-sys.pdf
Domestic Regulatory Developments
8 Apr 2021
FSR
– April 2021
Kingdom. Endnotes. For more on e-conveyancing, see De Freitas G and E Fitzgerald (2021), ‘Property Settlement in RITS’, RBA.
https://www.rba.gov.au/publications/fsr/2021/apr/regulatory-developments.html
The Australian Financial System
21 Nov 2022
FSR
- April 2022
PDF
981KB
https://www.rba.gov.au/publications/fsr/2022/apr/pdf/03-australian-financial-system.pdf
The Australian Financial System
8 Oct 2021
FSR
– October 2021
The Bank's 2021 assessment of Australia's high-value payment system – the Reserve Bank Information and Transfer System (RITS) – noted the importance of completing a program of improvements to physical ... a short interruption to settlement in RITS.
https://www.rba.gov.au/publications/fsr/2021/oct/australian-financial-system.html
ISO 20022 Migration for the Australian Payments System – Issues Paper
7 Apr 2019
Consultations
PDF
1644KB
A consultation paper issued by the Reserve Bank of Australia and the Australian Payments Council - April 2019
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/pdf/issues-paper.pdf
The Australian Financial System
10 Mar 2015
FSR
– March 2015
Around five million payments worth $20 trillion were settled in RITS over the past six months. ... RITS operations were unaffected by the security incident in Martin Place on 15 December 2014.
https://www.rba.gov.au/publications/fsr/2015/mar/aus-fin-sys.html
The Australian Financial System
20 Oct 2016
FSR
– October 2016
As a systemically important piece of market infrastructure, the Bank maintains a robust framework for the resilience of RITS. ... To ensure that RITS remains a highly secure system, projects are underway to review the system's resilience.
https://www.rba.gov.au/publications/fsr/2016/oct/aus-fin-sys.html
The Australian Financial System
4 Nov 2020
FSR
- October 2020
PDF
620KB
https://www.rba.gov.au/publications/fsr/2020/oct/pdf/03-australian-financial-system.pdf