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
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
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
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
List of graphs
10 Sep 2011
FSR
– September 2011
Graph 2.26: RITS Settled Payments. ... Graph 2.27: RITS Peak Liquidity.
https://www.rba.gov.au/publications/fsr/2011/sep/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
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
The Australian Financial System
4 Oct 2019
FSR
– October 2019
This incident resulted in power loss to most IT systems at the RBA's head office, including those supporting RITS. ... The RBA also conducts regular contingency testing with RITS members to maintain a high level of readiness to deal with operational
https://www.rba.gov.au/publications/fsr/2019/oct/australian-financial-system.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
10 Apr 2018
FSR
– April 2018
The Fast Settlement Service (FSS), a new component of RITS, facilitates the settlement of NPP payments on a 24/7 basis. ... RITS has exceeded its availability target over the past five years and in 2017 had only 15 minutes of downtime.
https://www.rba.gov.au/publications/fsr/2018/apr/australian-financial-system.html
The Australian Financial System
20 Oct 2017
FSR
– October 2017
These assessments have been completed for RITS and work is underway for the ASX clearing and settlement facilities. ... RITS recently updated its Business Continuity Standards for RITS members to specifically address cyber security.
https://www.rba.gov.au/publications/fsr/2017/oct/aus-fin-sys.html