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
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
The Australian Financial System
10 Feb 2020
FSR
October 2017
PDF
926KB
https://www.rba.gov.au/publications/fsr/2017/oct/pdf/aus-fin-sys.pdf
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
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
14 Apr 2016
FSR
April 2016
PDF
604KB
https://www.rba.gov.au/publications/fsr/2016/apr/pdf/aus-fin-sys.pdf
List of graphs
10 Sep 2010
FSR
– September 2010
Graph 56: RITS Settled Payments. ... Graph 58: RITS Intraday Settlement Profile.
https://www.rba.gov.au/publications/fsr/2010/sep/graphs.html
The Australian Financial System
20 Oct 2018
FSR
– October 2018
A major change to RITS in the past year has been the addition of the Fast Settlement Service (FSS). ... Over the past few years, the Bank has reviewed both RITS and the ASX for consistency with international guidance on cyber resilience for FMIs.
https://www.rba.gov.au/publications/fsr/2018/oct/aus-fin-sys.html
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
The Australian Financial System
24 Mar 2015
FSR
March 2015
PDF
496KB
https://www.rba.gov.au/publications/fsr/2015/mar/pdf/aus-fin-sys.pdf
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