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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Fast Retail Payment Systems
17 Dec 2014
Bulletin
December Quarter 2014
PDF
3057KB
https://www.rba.gov.au/publications/bulletin/2014/dec/pdf/bu-1214-6.pdf
Open Market Operations
17 Jun 2003
Bulletin
PDF
79KB
Transfer System (RITS) – is.
https://www.rba.gov.au/publications/bulletin/2003/jun/pdf/bu-0603-1.pdf
Australian Financial Markets
22 Feb 2001
Bulletin
PDF
78KB
In preparation for theintroduction of RTGS, it was decided that theReserve Bank would be prepared to deal withall members of the Reserve Bank Informationand Transfer System (RITS), the electronicsystem for settlement ... RITS has 240 members, including
https://www.rba.gov.au/publications/bulletin/1999/mar/pdf/bu-0399-1.pdf
Bulletin December Quarter 2020
7 Jan 2021
Bulletin
- December 2020
PDF
5686KB
https://www.rba.gov.au/publications/bulletin/2020/dec/pdf/bulletin-2020-12.pdf
Reforming the Australian Payments System: The State of Play
12 Feb 2003
Bulletin
PDF
487KB
So also didthe establishment by the Reserve Bankof RITS, which put the CommonwealthGovernment Securities market on anelectronic register and provided fordelivery of securities against irrevocableEFT payments.While progress has been made,
https://www.rba.gov.au/publications/bulletin/1993/apr/pdf/bu-0493-5.pdf
G20 Financial Regulatory Reforms and Australia
18 Sep 2013
Bulletin
PDF
485KB
Reserve Bank of Australia Bulletin September Quarter 2013
https://www.rba.gov.au/publications/bulletin/2013/sep/pdf/bu-0913-9.pdf
Bulletin June Quarter 2012
27 Jul 2012
Bulletin
PDF
1795KB
For further discussion on the settlement of payments in RITS, see Gallagher, Gauntlett and Sunner (2010). ... 201220102008200620042002. Real GNE(LHS). Number of SWIFT interbank payments settled in RITS, 7-period.
https://www.rba.gov.au/publications/bulletin/2012/jun/pdf/bu-0612.pdf
Tracking Consumption During the COVID-19 Pandemic
16 Mar 2022
Bulletin
- March 2022
PDF
1378KB
https://www.rba.gov.au/publications/bulletin/2022/mar/pdf/tracking-consumption-during-the-covid-19-pandemic.pdf
Bulletin September Quarter 2021
22 Aug 2022
Bulletin
- September 2021
PDF
8022KB
https://www.rba.gov.au/publications/bulletin/2021/sep/pdf/bulletin-2021-09.pdf
An Assessment of the Term Funding Facility
15 Sep 2021
Bulletin
- September 2021
PDF
1221KB
https://www.rba.gov.au/publications/bulletin/2021/sep/pdf/an-assessment-of-the-term-funding-facility.pdf