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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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Independent Review of the October 2022 Reserve Bank Information and Transfer System (RITS) Outage – Final 21042023

29 May 2023 PDF 4989KB
14 4.5. Governance arrangements that impact RITS. 15 5. Recommendations. 18 6. ... shortages during the period in the lead-up to the RITS outage, including:. ‒
https://www.rba.gov.au/publications/reviews/pdf/rba-independent-review-oct-2022-rits-outage-21042023.pdf

The Impact of Payment System Design on Tiering Incentives

28 Jan 2015 RDP PDF 862KB
Time when submitted to the simulator. Deferred Active Active Settlement time in RITS. ... Priority Priority Settlement time in RITS. Active Active Active Submission time to RITS.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-06.pdf

Assessment of the Reserve Bank Information and Transfer System - June 2022

12 Sep 2023 PDF 870KB
manner. • the impact of staff resourcing challenges on management of RITS operational risk. • ... RITS is owned and operated by the Reserve Bank of Australia (the Bank).
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2022/pdf/2022-assessment-rits.pdf

Abbreviations

9 Aug 2023 RBA Annual Report - 2022 PDF 65KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/abbreviations.pdf

Abbreviations

8 Oct 2023 PSB Annual Report - 2023 PDF 65KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/abbreviations.pdf

Governor's Foreword

8 Oct 2023 PSB Annual Report - 2023 PDF 89KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/governors-foreword.pdf

Payment System Design and Participant Operational Disruptions

28 Jan 2015 RDP PDF 578KB
Time when submitted to the simulator. Active Active Settlement time in RITS Deferred. ... Priority Priority Settlement time in RITS. Active Active Submission time to RITS Active.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-05.pdf

RESERVE BANK OF AUSTRALIA

25 Mar 2021 PDF 164KB
System-wide infrastructure includes RITS and FSS, COIN, SWIFT, NPPA infrastructure (e.g. ... Where the service provider being used is not an active RITS Member (e.g.
https://www.rba.gov.au/payments-and-infrastructure/rits/user-doc/pdf/incident-reporting-arrangements.pdf

Reserve Bank of Australia Annual Report 2023

16 Oct 2023 RBA Annual Report - 2023 PDF 353KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/banking-and-payment-services.pdf

Reserve Bank of Australia Annual Report 2023

16 Oct 2023 RBA Annual Report - 2023 PDF 810KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/list-of-graphs.pdf