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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2.3 Banking and Payment Services
19 Oct 2023
RBA Annual Report
– October 2023
Banking and Payment Services | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/banking-and-payment-services.html
3.3 Risk Management
19 Oct 2023
RBA Annual Report
– October 2023
Risk Management | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/risk-management.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
At a Glance
28 Sep 2022
PSB Annual Report
– 2022
https://www.rba.gov.au/publications/annual-reports/psb/2022/
Performance of Australia's Payments Infrastructure during the Market Turbulence
2 Oct 2009
PSB Annual Report
– 2009
The most noticeable change over the past year was a decline in the value of transactions settled across RITS. ... Over 2008/09, there was an improvement in the rate at which payments were settled through RITS.
https://www.rba.gov.au/publications/annual-reports/psb/2009/performance.html
List of tables
13 Sep 2007
PSB Annual Report
– 2007
analyses possible conflict of laws and potential legal risk for RITS and its participants. ... Response: The RBA now holds RITS User Group Forums in Sydney and Melbourne twice each year.
https://www.rba.gov.au/publications/annual-reports/psb/2007/tables.html
5.5 Abbreviations
19 Oct 2023
RBA Annual Report
– 2023
FSS. Fast Settlement Service (of RITS). FTE. full-time equivalent. FX. foreign exchange. ... RDP. Research Discussion Paper. repo. repurchase agreement. RITS. Reserve Bank Information and Transfer System.
https://www.rba.gov.au/publications/annual-reports/rba/2023/abbreviations.html
1.1 Our Role
19 Oct 2023
RBA Annual Report
– October 2023
Our Role | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/our-role.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
Financial Market Infrastructures
28 Sep 2022
PSB Annual Report
– September 2022
Reserve Bank Information and Transfer System (RITS) – RITS is Australias high-value payment system. ... Summary of Assessment of RITS. RITS is Australias high-value payments system, which is used by banks and other approved institutions to settle their
https://www.rba.gov.au/publications/annual-reports/psb/2022/financial-market-infrastructures.html