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.
Search Results
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
The Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
PDF
688KB
Reserve Bank of Australia Bulletin June Quarter 2014
https://www.rba.gov.au/publications/bulletin/2014/jun/pdf/bu-0614-7.pdf
The Economics of a Central Bank Digital Currency in Australia
7 Dec 2022
Speech
PDF
685KB
Speech - 2022
https://www.rba.gov.au/speeches/2022/pdf/sp-ag-2022-12-08.pdf
03/10/2018 An Update on Australia's New Payments Platform | ...
3 Oct 2018
Speech
PDF
213KB
The Fast Settlement Service (FSS) is a separate service of RITS, which is the Reserve Bank's real-time gross settlement (RTGS) system.
https://www.rba.gov.au/speeches/2018/pdf/sp-so-2018-10-03.pdf
RITS regulations (superseded 20 November 2023)
21 Nov 2023
PDF
2516KB
ANNEXURE A 68. Terms Applicable to RITS Regulations Repos 68. ANNEXURE B 89. ... rsede. d. RITS REGULATIONS. Issued 3 April 2023— Effective 15 April 2023 page 1.
https://www.rba.gov.au/payments-and-infrastructure/rits/user-doc/pdf/rits_regulations_superseded_20November2023.pdf
Reserve Bank of Australia Domestic Market Dealing Arrangements: Information Paper - 9 May 1996
11 Aug 2004
Media Release
PDF
81KB
3. Settlement. All transactions by the Bank will be for same-day settlement through RITS. ... To assist in this, the Agreement and Annex will be incorporated into the RITS regulations and can be executed bilaterally between counterparties within the
https://www.rba.gov.au/media-releases/1996/pdf/mr-96-06-info-paper.pdf
Assessment of the Reserve Bank Information and Transfer System
4 Jun 2018
PDF
694KB
Table A.2: RITS Participation(a). Number of ESAs As at end March. ... Table A.3: RITS Availability Per cent. Bank-operated systems. External feeder systems.
https://www.rba.gov.au/payments-and-infrastructure/rits/self-assessments/2018/pdf/2018-assess-rits.pdf
Continuous Linked Settlement: RITS Session Times and Operational Arrangements – July 2015
20 Aug 2015
PDF
256KB
Continuous Linked Settlement
https://www.rba.gov.au/payments-and-infrastructure/rits/information-papers/cls-rits-session-times-and-operational-arrangements/pdf/session-times.pdf
A Proposal for Implementing Real Time Gross Settlement in Australia (Media Release 1995-05 attachment 2)
13 Aug 2004
Media Release
PDF
178KB
Some enhancements to RITS functions for queueing and reporting would also be appropriate. ... From now Banks can make ES. payments using RITS Warrants, etc now issued.
https://www.rba.gov.au/media-releases/1995/pdf/mr-95-05-attach-2.pdf
The Australian Financial System
10 Feb 2020
FSR
October 2017
PDF
926KB
https://www.rba.gov.au/publications/fsr/2017/oct/pdf/aus-fin-sys.pdf