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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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
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
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
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 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
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
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 Shift to Electronic Payments – Some Policy Issues
12 Apr 2023
Speech
PDF
615KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-so-2023-03-28.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
The Australian Financial System
13 Oct 2016
FSR
October 2016
PDF
469KB
https://www.rba.gov.au/publications/fsr/2016/oct/pdf/aus-fin-sys.pdf