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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Our Role
27 Oct 2022
RBA Annual Report
– October 2022
The Banks payments policy area also acts as overseer of Australias high-value payment system – the Reserve Bank Information and Transfer System (RITS). ... Our operational role in the payments system is effected through the Banks ownership and
https://www.rba.gov.au/publications/annual-reports/rba/2022/our-role.html
Our Role
20 Sep 2018
RBA Annual Report
– 2018
In November 2017, significant new capability was added to RITS with the Fast Settlement Service commencing live operations. ... A separate area of the Bank assesses RITS against international standards for such infrastructure on an annual basis.
https://www.rba.gov.au/publications/annual-reports/rba/2018/our-role.html
Our Role
17 Oct 2019
RBA Annual Report
– 2019
The Fast Settlement Service of RITS settles obligations arising from individual payments exchanged on the New Payments Platform in real time on a 24/7 basis. ... A separate area of the Bank assesses RITS against international standards for such
https://www.rba.gov.au/publications/annual-reports/rba/2019/our-role.html
Our Role
25 Sep 2017
RBA Annual Report
– 2017
RITS). A separate area of the Bank assesses RITS against international standards for such infrastructure on an annual basis.
https://www.rba.gov.au/publications/annual-reports/rba/2017/our-role.html
List of tables
9 Oct 2015
PSB Annual Report
– 2015
RITS. 168.0. 157.8. 162.7. 167.8. SWIFT payments (HVCS). 106.0. 97.1. 100.5. ... 103.8. Debt settlements (Austraclear). (b). 50.0. 48.5. 50.3. 52.0. RITS cash transfers.
https://www.rba.gov.au/publications/annual-reports/psb/2015/tables.html
Risk Management
21 Oct 2021
RBA Annual Report
– 2021
The counterparties of the Reserve Bank dealing in policy operations in the domestic market must be members of the Reserve Bank Information and Transfer System (RITS), subject to an appropriate level ... transacting in financial markets to implement
https://www.rba.gov.au/publications/annual-reports/rba/2021/risk-management.html
Our Role
21 Oct 2021
RBA Annual Report
– 2021
The Fast Settlement Service of RITS settles obligations arising from individual payments exchanged on the New Payments Platform in real time on a 24/7 basis. ... A separate area of the Bank assesses RITS against international standards for such
https://www.rba.gov.au/publications/annual-reports/rba/2021/our-role.html
Governance and Accountability
27 Oct 2022
RBA Annual Report
– October 2022
and Transfer System (RITS); it is a provider of transactional banking services to the Australian Government and its agencies; and it is the principal regulator of the payments system through the ... In the case of the Reserve Banks oversight of RITS, the
https://www.rba.gov.au/publications/annual-reports/rba/2022/governance-and-accountability.html
Governance
15 Oct 2020
PSB Annual Report
– 2020
and Transfer System (RITS); it is a provider of transactional banking services to the Australian Government and its agencies; and it is the principal regulator of the payments system through the ... In the case of the Bank's oversight of RITS, the Board
https://www.rba.gov.au/publications/annual-reports/psb/2020/governance.html
Abbreviations
12 Apr 2020
RBA Annual Report
– 2020
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/2020/abbreviations.html