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
2013 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
2013 Self-assessment of the Reserve Bank Information and Transfer System December 2013. Download the complete Document 1.3. MB. ISSN 2203-2592 (Online). The materials on this webpage are subject to copyright and their use is subject to the terms and
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2013/
2019 Assessment of the Reserve Bank Information and Transfer System – Material Developments
9 Mar 2023
review the range of RITS endpoint security risks and how these are currently mitigated. ... LCH settles AUD transactions, typically variation margin payments, across its ESA in RITS.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2019/material-developments.html
Material Developments | 2022 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
Following this assessment, the Bank developed enhanced security standards for RITS members, which were included in the. ... Area of oversight focus. Payments Policy Department will monitor the impact of staff resourcing challenges on RITS.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2022/material-developments.html
Eligible Counterparties
5 Jun 2020
carry on business as a member and comply with the terms set out in the RITS regulations. ... The legal entity that holds the Austraclear membership must be the same legal entity that holds the RITS membership.
https://www.rba.gov.au/mkt-operations/resources/tech-notes/eligible-counterparties.html
Targeted Assessment of the Reserve Bank Information and Transfer System - May 2023
29 May 2023
Targeted Assessment of the Reserve Bank Information and Transfer System May 2023. Download the complete Document 314. KB. This report presents the Bank's 2023 Targeted Assessment of the Reserve Bank Information and Transfer System – Australia's
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2023/
Appendix A: Background Information | 2021 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
A.3 Governance and Oversight. RITS is owned and operated by the Bank. ... RITS also has features that allow members to efficiently manage and conserve liquidity.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2021/appendix-a.html
2018 Assessment of the Reserve Bank Information and Transfer System – Material Developments
9 Mar 2023
The RITS Regulations form the legal basis for all key aspects of RITS. ... The RITS Membership Agreement binds RITS members and the Bank to the RITS Regulations.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2018/material-developments.html
Material Developments | 2014 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
The FSS will be a RITS service, owned and operated by the Bank. ... Accordingly, the recycling of liquidity in RITS is not likely to be materially affected.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2014/material-developments.html
Developments since the 2005 Assessment | 2009 Self-assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
RITS' business continuity arrangements have been enhanced substantially over the past four years. ... The IMF also recommended that the Reserve Bank consider reviewing pricing in RITS.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2009/developments.html
Enhanced Batch Processing in RITS – January 2020
9 Mar 2023
This information paper describes the enhanced batch entry and processing functionality in RITS. The intended audience includes prospective Batch Administrators and participant banks in Batch Streams using the enhanced functionality. The new
https://www.rba.gov.au/payments-and-infrastructure/rits/information-papers/enhanced-batch-processing-in-rits/