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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Payments System Board Update: February 2024 Meeting
29 Feb 2024
Media Releases
Today’s Payments System Board meeting discussed the annual review of payment systems operating in Australia, the Advanced Encryption Standard (AES) migration, FMI regulatory reforms, payments regulatory reform, policy issues regarding mobile
https://www.rba.gov.au/media-releases/2024/mr-24-03.html
Assessment of ASX Clearing and Settlement Facilities - October 2023
5 Feb 2024
PDF
701KB
Assessment of ASX Clearing and Settlement Facilities. October 2023. 1. Executive Summary 1. 2. Overview of Ratings, Recommendations and Areas of Supervisory Focus 2. 3. Developments 5. 4. Special Topic – The Current CHESS 14. 5. Special Topic –
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2022-2023/pdf/report-2022-2023.pdf
RITS Membership List
3 Feb 2024
List of current RITS Members
https://www.rba.gov.au/payments-and-infrastructure/rits/membership/membership-list.html
RITS Schedule of Fees
4 Dec 2023
List of all fees associated with RITS
https://www.rba.gov.au/payments-and-infrastructure/rits/membership/schedule-fees.html
Managing Potential Conflicts of Interest Arising from the Bank's Commercial Activities
23 Nov 2023
The Reserve Bank's policies for dealing with potential conflicts of interest arising from its roles as the principal regulator of the payments system and as provider of banking services to the Australian Government
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/conflict-of-interest.html
RITS Legal Framework
22 Nov 2023
Regulations and membership agreements
https://www.rba.gov.au/payments-and-infrastructure/rits/legal-framework.html
RITS regulations
21 Nov 2023
PDF
1234KB
RITS REGULATIONS. RITS REGULATIONS. Issued 6 November 2023 — Effective 20 November 2023 page i. ... ANNEXURE A 68. Terms Applicable to RITS Regulations Repos 68. ANNEXURE B 91.
https://www.rba.gov.au/payments-and-infrastructure/rits/user-doc/pdf/regulations.pdf
RITS regulations (superseded 20 November 2023)
21 Nov 2023
PDF
2516KB
ANNEXURE A 68. Terms Applicable to RITS Regulations Repos 68. ANNEXURE B 89. ... rsede. d. RITS REGULATIONS. Issued 3 April 2023— Effective 15 April 2023 page 1.
https://www.rba.gov.au/payments-and-infrastructure/rits/user-doc/pdf/rits_regulations_superseded_20November2023.pdf
Memorandum of Understanding for Procedures for Liaison Between Reserve Bank of Australia and Australian Payments Network Limited
7 Nov 2023
PDF
2146KB
In addition, the RBA communicates with AusPayNet during RITS incidents, and acts as the crisis communications facilitator for major disruptions to AusPayNet administered frameworks. ... 2. 12. At least two times a year, Payments Settlements Department
https://www.rba.gov.au/payments-and-infrastructure/payments-system-regulation/pdf/mou-between-rba-and-auspaynet-2023-10-17.pdf