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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Requirements for Access to the RITS User Interface
16 Oct 2023
PDF
83KB
This connection will be used for connectivity to both RITS and the Austraclear System. ... 4. Connectivity requirements for RITS are outlined below:. Criteria Connection Model and Requirements.
https://www.rba.gov.au/payments-and-infrastructure/rits/user-doc/pdf/connectivity-requirements.pdf
RITS regulations
21 Nov 2023
PDF
1234KB
RITS REGULATIONS. RITS REGULATIONS. Issued 6 November 2023 — Effective 20 November 2023 page i. ... ANNEXURE A 68. Terms Applicable to RITS Regulations Repos 68. ANNEXURE B 91.
https://www.rba.gov.au/payments-and-infrastructure/rits/user-doc/pdf/regulations.pdf
Final Incident Report RITS and FSS Incident – 12 October 2022
25 Nov 2022
Media Release
PDF
146KB
Incident Report RITS and FSS Incident – 12 October 2022. November 2022 Page 1. ... 07:00 RITS RITS opened 30 minutes earlier without issue. 07:45 External Communication.
https://www.rba.gov.au/media-releases/2022/pdf/mr-22-40-final-incident-report-rits-and-fss-incident-12-october-2022.pdf
Reserve Bank of Australia Annual Report 2023
16 Oct 2023
RBA Annual Report
- 2023
PDF
201KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/abbreviations.pdf
Box D: The New Payments Platform and Fast Settlement Service
10 Feb 2020
FSR
April 2018
PDF
588KB
https://www.rba.gov.au/publications/fsr/2018/apr/pdf/box-d.pdf
Exchange Settlement Accounts for ESA Holders Eligible to use ...
17 Aug 2021
PDF
133KB
The RITS Regulations contain a form of RITS Membership Agreement in Annexure E. ... If the SWIFT BIC is unknown:58D: /6 digit RITS Code Name of Beneficiary.
https://www.rba.gov.au/payments-and-infrastructure/rits/user-doc/pdf/oper-legal-arrangemts.pdf
The Australian High-Value Payments System
19 Apr 2004
FSR
PDF
98KB
These transactions account for around 70 per cent of the value that passes through RITS. • ... These transactions are a fairly small proportion – around 5 per cent – of total RITS transactions.
https://www.rba.gov.au/publications/fsr/2004/mar/pdf/0304-1.pdf
INFORMATION PAPER - RITS REGULATIONS AND CONDITIONS OF OPERATION
16 Mar 2017
PDF
870KB
3.6 SessionsThe RITS operating day is divided into a number of sessions. ... In February 2002, all CGS were uplifted from RITS and lodged in Austraclear.
https://www.rba.gov.au/payments-and-infrastructure/rits/user-doc/pdf/regulations-conditions.pdf
Reserve Bank of Australia Annual Report 2023
16 Oct 2023
RBA Annual Report
- 2023
PDF
344KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/our-role.pdf
Property Settlement in RITS
17 Mar 2021
Bulletin
- March 2021
PDF
606KB
https://www.rba.gov.au/publications/bulletin/2021/mar/pdf/property-settlement-in-rits.pdf