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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Conditions of Operation
16 Mar 2017
PDF
1452KB
Participating Banks - Regulation 66.1. 7. Access to RITS and Security – Regulation 7 7.18. ... All RITS Purposes orCLS Contingency only orLVCS File Re-Send only orOther (please specify)………………………………….
https://www.rba.gov.au/payments-and-infrastructure/rits/user-doc/pdf/conditions-operation.pdf
Reserve Bank of Australia Annual Report 2021
14 Oct 2021
RBA Annual Report
2021
PDF
126KB
https://www.rba.gov.au/publications/annual-reports/rba/2021/pdf/our-role.pdf
Reserve Bank Domestic Operations under RTGS
23 Feb 2001
Bulletin
PDF
43KB
The RTGS system now handles about90 per cent of the total flow of paymentsbetween members of the Reserve BankInformation Transfer System – RITS – whichis the operating framework to achievesettlement within RTGS. ... System Liquidity. The cash market
https://www.rba.gov.au/publications/bulletin/1998/nov/pdf/bu-1198-3.pdf
Electronic Indicators of Economic Activity
20 Jun 2012
Bulletin
PDF
1091KB
Reserve Bank of Australia Bulletin June Quarter 2012
https://www.rba.gov.au/publications/bulletin/2012/jun/pdf/bu-0612-1.pdf
Abbreviations
27 Sep 2022
PSB Annual Report
- 2022
PDF
76KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/abbreviations.pdf
The Case for Real Time Gross Settlement (Media Release 1995-05 attachment 1)
9 Aug 2004
Media Release
PDF
106KB
RITS has become well established as an important part of the settlement infrastructure and integration with Fintracs (which is being discussed separately between the Reserve. ... 4. Bank and Austraclear) would strengthen this position further. RITS
https://www.rba.gov.au/media-releases/1995/pdf/mr-95-05-attach-1.pdf
2019 Assessment of the Reserve Bank Information and Transfer System
19 Dec 2019
PDF
1608KB
external communications, including via the RITS Helpdesk. Despite these challenges, the Bank’s. ... RITS commenced settling property transactions in late 2014 for the national electronic conveyancing.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2019/pdf/2019-assessment-rits.pdf
The Role of Collateral in Borrowing
14 Jan 2021
RDP
PDF
1784KB
payments through the Reserve Bank Information and Transfer System (RITS). We use the algorithm.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-01.pdf
Reserve Bank of Australia Annual Report 2020 - Abbreviations
14 Oct 2020
Annual Report
PDF
353KB
FSB Financial Stability Board. FSS Fast Settlement Service (of RITS). FTE full-time equivalent. ... LLB Bachelor of Laws. LVSS RITS Low Value Settlement Service. MBA Master of Business Administration.
https://www.rba.gov.au/publications/annual-reports/rba/2020/pdf/abbreviations.pdf
Reserve Bank of Australia Annual Report 2019 - Abbreviations
14 Oct 2019
RBA Annual Report
2019
PDF
241KB
https://www.rba.gov.au/publications/annual-reports/rba/2019/pdf/abbreviations.pdf