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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Abbreviations
27 Sep 2023
PSB Annual Report
– 2023
Risk-free rate. RITS. Reserve Bank Information and Transfer System. RTGS. Real-time gross settlement.
https://www.rba.gov.au/publications/annual-reports/psb/2023/abbreviations.html
Governor's Foreword
27 Sep 2023
PSB Annual Report
– September 2023
Governor's Foreword | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/governors-foreword.html
About the Payments System Board
27 Sep 2023
PSB Annual Report
– September 2023
About the Payments System Board | Payments System Board Annual Report – September 2023
https://www.rba.gov.au/publications/annual-reports/psb/2023/about-the-payments-system-board.html
Assessment of the Reserve Bank Information and Transfer System - June 2022
12 Sep 2023
PDF
870KB
manner. • the impact of staff resourcing challenges on management of RITS operational risk. • ... RITS is owned and operated by the Reserve Bank of Australia (the Bank).
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2022/pdf/2022-assessment-rits.pdf
2021 Assessment of the Reserve Bank Information and Transfer System
11 Sep 2023
PDF
1366KB
that are material to the continued operational stability of RITS. RITS incidents and responses. ... expected from that time. While the incident affected the availability of RITS, RITS still achieved an average system availability of.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2021/pdf/2021-assessment-rits.pdf
Appendix B: Detailed Assessment of the Reserve Bank Information and Transfer System | 2022 Assessment of the Reserve Bank Information and…
8 Sep 2023
Admission as a feeder system is by specific reference in the RITS Regulations. ... RITS conducts its settlements on an RTGS basis and does not guarantee settlement.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2022/appendix-b.html
Appendix B: Detailed Assessment of the Reserve Bank Information and Transfer System | 2021 Assessment of the Reserve Bank Information and…
8 Sep 2023
Admission as a feeder system is by specific reference in the RITS Regulations. ... RITS conducts its settlements on an RTGS basis and does not guarantee settlement.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2021/appendix-b.html
Corporate Plan 2023
31 Aug 2023
This corporate plan is prepared for 2023/24 in accordance with section 35(1)(b) of the Public Governance, Performance and Accountability Act 2013, and also covers the reporting periods from 1 July 2023 to 30 June 2024.
https://www.rba.gov.au/about-rba/corporate-plan/2023/
Operational Structure
30 Aug 2023
as well as operation of the Reserve Bank Information and Transfer System (RITS), Australia's real-time gross settlement system (RTGS). ... RITS includes the Fast Settlements Service, which Payments Settlements Department operates on an RTGS basis 24
https://www.rba.gov.au/about-rba/structure/operational.html
Corporate Plan 2023/24 2023
30 Aug 2023
PDF
4271KB
https://www.rba.gov.au/about-rba/corporate-plan/2023/pdf/corporate-plan-2023.pdf