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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Material Developments | 2021 Assessment of the Reserve Bank Information and Transfer System
9 Mar 2023
While the incident affected the availability of RITS, RITS still achieved an average system availability of 99.958 per cent in 2020, consistent with the Bank's key operational availability target ... of Bank staff and the reliability of Bank operations,
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2021/material-developments.html
2.1 Annual Performance Statement for 2022/23
19 Oct 2023
RBA Annual Report
– October 2023
Annual Performance Statement for 2022/23 | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/annual-performance-statement.html
Appointment of Head of Payments Settlements Department
6 Nov 2023
Media Releases
Sarah Harris has been appointed to the position of Head of Payments Settlements at the Reserve Bank of Australia.
https://www.rba.gov.au/media-releases/2023/mr-23-29.html
Liquidity Facilities
9 Feb 2023
after the close of the RITS Settlement Close Session (5.15 pm AEST/AEDT). ... Footnotes. A business day is a ‘Settlement Day’ as defined in the RITS Regulations [1].
https://www.rba.gov.au/mkt-operations/resources/tech-notes/standing-facilities.html
High-value Payments System
25 Oct 2010
PSB Annual Report
– 2010
The Bank therefore periodically conducts self-assessments of RITS. The latest self-assessment was conducted in 2009; this updated an assessment undertaken in 2005. ... In late 2009, regular rotation of RITS production operations between the primary and
https://www.rba.gov.au/publications/annual-reports/psb/2010/high-value-payments.html
Assessment of the Reserve Bank Information and Transfer System
15 Jun 2022
Media Releases
The Bank today released the 2022 Assessment of the Reserve Bank Information and Transfer System (RITS) against the Principles for Financial Market Infrastructures (PFMI).
https://www.rba.gov.au/media-releases/2022/mr-22-15.html
Business Services
21 Aug 2002
RBA Annual Report
– 2002
RITS also provides a facility for electronic tendering for Commonwealth Government securities (CGS). ... In addition to RTGS payments, RITS settles two batches of netted interbank payments each day.
https://www.rba.gov.au/publications/annual-reports/rba/2002/bus-serv.html
The Australian Financial System
6 Apr 2023
FSR
– April 2023
The Australian Financial System | Financial Stability Review – April 2023
https://www.rba.gov.au/publications/fsr/2023/apr/australian-financial-system.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
March | 2022
17 Mar 2022
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2022/mar/