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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Submission to Payments System Review
3 Feb 2021
Submissions
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1155KB
It owns, operates and. participates in the system providing real-time gross settlement of high-value payments between financial institutions, the Reserve Bank Information and Transfer System (RITS).
https://www.rba.gov.au/publications/submissions/payments-system/pdf/submission-to-payments-system-review-01-2021.pdf
Submission on Data Sharing and Release Legislation
18 Oct 2018
Submissions
PDF
207KB
Similar concerns would relate to data resulting from the Bank’s operation of the interbank payments settlement system (the Reserve Bank Information and Transfer System, known as RITS) and specialised
https://www.rba.gov.au/publications/submissions/other/data-sharing-and-release-legislation/pdf/data-sharing-and-release-legislation_2018-08.pdf
Submission to the Financial System Inquiry March 2014
10 Nov 2017
Submissions
PDF
3041KB
Financial System Inquiry
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/pdf/financial-system-inquiry-2014-03.pdf
A Strategic Plan for the Payments System
6 Jun 2023
Submissions
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539KB
System (RITS) is currently the only domestic SIPS.2 Threats to the operational reliability or security of.
https://www.rba.gov.au/publications/submissions/payments-system/pdf/consultation-on-a-strategic-plan-for-the-payments-system.pdf
Submission to the Review of the Operation of the Sunsetting Provisions in the Legislation Act 2003
14 Jul 2017
Submissions
PDF
493KB
Information and Transfer System (RITS), the Austraclear system and the Clearing House Electronic.
https://www.rba.gov.au/publications/submissions/other/pdf/review-of-the-operation-of-the-sunsetting-provisions-in-the-legislation-act-2003.pdf
Supplementary Submission to the Financial System Inquiry - 13 January 1997 (Published as Occasional Paper No. 15)
23 Jun 2010
Submissions
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116KB
In Australia these systems include Austraclear (forpublic and private sector debt securities), CHESS (for equities) and RITS (forCommonwealth Government securities).
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-supplement-1997/pdf/financial-system-inquiry-supplement-1997.pdf
Submission to the Financial System Inquiry - 6 September 1996 (Published as Occasional Paper No. 14)
25 Jul 2013
Submissions
PDF
604KB
RESERVE BANKOF AUSTRALIA. Submission to theFinancial System. Inquiry. 6 September 1996. Published as Occasional Paper No. 14. Contact Person. To obtain copies of this Submission or to seek further informationplease contact the Manager, Media Office:.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-1996/pdf/financial-system-inquiry-1996.pdf