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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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Submission to Payments System Review

3 Feb 2021 Submissions PDF 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 PDF 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 PDF 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