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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Competition Law Guidance
10 Aug 2023
The Code of Conduct for Reserve Bank Staff sets out the Bank's requirements of its employees and others who are involved in its activities
https://www.rba.gov.au/about-rba/our-policies/competition-law-guidance.html
System Availability Statistics - 2024
3 Aug 2023
For more details on availability calculations and targets, and system components, see About RITS, System Availability. ... RITS settlement services for:. Cash Transfers. 100.000. SWIFT. 100.000. Austraclear. 100.000.
https://www.rba.gov.au/payments-and-infrastructure/rits/system-availability-statistics/index.html
System Availability Statistics - 2023
3 Aug 2023
For more details on availability calculations and targets, and system components, see About RITS, System Availability. ... Per cent. RITS. (b). 100.000. 99.962. 100.000. 100.000. 99.992. RITS settlement services for:.
https://www.rba.gov.au/payments-and-infrastructure/rits/system-availability-statistics/2023/
Privacy Policy
31 Jul 2023
This Privacy Policy sets out some key information about the Bank's approach to privacy
https://www.rba.gov.au/privacy/privacy-policy.html
Assessments of RITS
30 May 2023
Listing of publications relating to the assessments of RITS
https://www.rba.gov.au/payments-and-infrastructure/rits/assessments.html
Strengthening the RBA's Payments Infrastructure
30 May 2023
Media Releases
In January 2023, the Reserve Bank of Australia commissioned a comprehensive review of the operating environment supporting the Reserve Bank Information and Transfer System (RITS). This system is a critical part of Australias payments
https://www.rba.gov.au/media-releases/2023/mr-23-12.html
Targeted Assessment of the Reserve Bank Information and Transfer System - May 2023
29 May 2023
Targeted Assessment of the Reserve Bank Information and Transfer System May 2023. Download the complete Document 314. KB. This report presents the Bank's 2023 Targeted Assessment of the Reserve Bank Information and Transfer System – Australia's
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2023/
Payments System Board Update: May 2023 Meeting
25 May 2023
Media Releases
Today’s Payments System Board meeting discussed the Bank’s targeted self-assessment of Australia's real-time gross settlement system against the relevant international standards, the pricing of New Payments Platform services, competition in the
https://www.rba.gov.au/media-releases/2023/mr-23-11.html
Standard 9: Money settlements | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
Interbank payments arising from these instructions settle across ESAs at the Bank, via RITS. ... ASX Clear (Futures) uses ASXCC's ESA to settle its obligations in RITS.
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-09.html
Standard 8: Settlement finality | A1.2 ASX Clear (Futures) | 2015/16 Assessment of ASX Clearing and Settlement Facilities
18 May 2023
AUD cash settlements occur via Austraclear, with interbank obligations settled on an RTGS basis across ESAs at the Bank, via RITS. ... Payments within this system are also final and irrevocable; this is again supported by the approval of RITS under Part
https://www.rba.gov.au/payments-and-infrastructure/financial-market-infrastructure/clearing-and-settlement-facilities/assessments/2015-2016/asx-clear-futures/standard-08.html