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
The Australian Financial System
10 Mar 2011
FSR
– March 2011
offshore. In Australia, high-value payment transactions settle on a real-time gross settlement (RTGS) basis through the Reserve Bank Information and Transfer System (RITS). ... By contrast, the value of RITS transactions was 14 per cent lower in the
https://www.rba.gov.au/publications/fsr/2011/mar/aus-fin-sys.html
The Australian Financial System
10 Sep 2013
FSR
– September 2013
FMIs. The Reserve Bank Information and Transfer System (RITS) is the system through which most domestic interbank payments in Australian dollars are settled. ... RITS continued to operate smoothly over the past six months, settling around five million
https://www.rba.gov.au/publications/fsr/2013/sep/aus-fin-sys.html
The Australian Financial System
10 Sep 2009
FSR
– September 2009
While there has been some recovery in market activity in recent months, the value of settlement activity in Australia's high-value payment system, RITS, remains significantly below levels seen prior ... RITS is used to settle both ‘clean’ payments
https://www.rba.gov.au/publications/fsr/2009/sep/aus-fin-sys.html
The Australian Financial System
20 Oct 2015
FSR
– October 2015
The Reserve Bank has initiated two projects to increase the resilience of the Reserve Bank Information and Transfer System (RITS) – Australia's wholesale payment system – to cyber threats:. ... that could improve RITS' resilience in this area and an
https://www.rba.gov.au/publications/fsr/2015/oct/aus-fin-sys.html
The Australian Financial System
10 Mar 2010
FSR
– March 2010
In Australia, high-value transactions settle on a real-time gross settlement basis through the Reserve Bank Information and Transfer System (RITS). ... RITS continues to operate smoothly with orderly settlement activity underpinned by ample system
https://www.rba.gov.au/publications/fsr/2010/mar/aus-fin-sys.html
The Australian Financial System
10 Mar 2009
FSR
– March 2009
In RITS, the real-time high-value payments system operated by the Reserve Bank, there has been an observed improvement in the timeliness of settlement, notwithstanding an increased focus by market ... The improvement is also evident in average queue
https://www.rba.gov.au/publications/fsr/2009/mar/aus-fin-sys.html
Developments in the Financial System Architecture
10 Sep 2012
FSR
– September 2012
The Bank will also apply the PFMIs in its self-assessments of RITS, Australia's real-time gross settlement system, and increase the frequency of these assessments. ... system. Both of the ASX CCPs currently settle Australian dollar obligations arising
https://www.rba.gov.au/publications/fsr/2012/sep/dev-fin-sys-arch.html
The Australian Financial System
10 Sep 2008
FSR
– September 2008
This facility will be available to all institutions holding an Exchange Settlement Account and to ADIs that are members of RITS.
https://www.rba.gov.au/publications/fsr/2008/sep/aus-fin-sys.html
Developments in the Financial System Architecture
10 Mar 2013
FSR
– March 2013
The Bank also intends to assess Australia's systemically important payments system, RITS, against the Principles in 2013.
https://www.rba.gov.au/publications/fsr/2013/mar/dev-fin-sys-arch.html