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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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Payments System Regulation and Policy Issues

11 Oct 2023 PSB Annual Report - 2023 PDF 347KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/payments-system-regulation-and-policy-issues.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

About the Payments System Board

8 Oct 2023 PSB Annual Report - 2023 PDF 829KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/about-the-payments-system-board.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

2021 Assessment of the Reserve Bank Information and Transfer System

11 Sep 2023 PDF 1366KB
that are material to the continued operational stability of RITS. RITS incidents and responses. ... expected from that time. While the incident affected the availability of RITS, RITS still achieved an average system availability of.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2021/pdf/2021-assessment-rits.pdf

Corporate Plan 2023/24 2023

30 Aug 2023 PDF 4271KB
https://www.rba.gov.au/about-rba/corporate-plan/2023/pdf/corporate-plan-2023.pdf

Australian CBDC Pilot for Digital Finance Innovation - Project Report

22 Aug 2023 PDF 1917KB
Australian CBDC Pilot for Digital Finance Innovation. PROJECT REPORTAUGUST 2023. 3 Executive Summary. 11 Introduction. 12 Pilot Set-up. 16 Use Case Findings. 26 Legal and Regulatory Findings. 29 Technical Findings. 32 Conclusion. 33 Glossary. 37
https://www.rba.gov.au/payments-and-infrastructure/central-bank-digital-currency/pdf/australian-cbdc-pilot-for-digital-finance-innovation-project-report.pdf

Competition Law Guidance

10 Aug 2023 PDF 740KB
June 2023. General Guidance The RBA convenes Australian Foreign Exchange Committee (“AFXC”) meetings, Reserve Bank Information and Transfer System (“RITS”) User Group forums and other meetings of financial institutions and other
https://www.rba.gov.au/about-rba/our-policies/pdf/competition-law-guidance.pdf

Abbreviations

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