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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Modernising Payments Messaging: The ISO 20022 Standard
17 Sep 2020
Bulletin
- September 2020
PDF
566KB
https://www.rba.gov.au/publications/bulletin/2020/sep/pdf/modernising-payments-messaging-the-iso-20022-standard.pdf
The New Payments Platform And Fast Settlement Service
19 Sep 2018
Bulletin
- September 2018
PDF
336KB
https://www.rba.gov.au/publications/bulletin/2018/sep/pdf/the-new-payments-platform-and-fast-settlement-service.pdf
Retail Central Bank Digital Currency: Design Considerations, Rationales and Implications
17 Sep 2020
Bulletin
- September 2020
PDF
860KB
https://www.rba.gov.au/publications/bulletin/2020/sep/pdf/retail-central-bank-digital-currency-design-considerations-rationales-and-implications.pdf