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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Reserve Bank of Australia Annual Report 2023
1 May 2024
RBA Annual Report
- 2023
PDF
9575KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/rba-annual-report-2023.pdf
Submission to Payments System Review – January 2021 | Responses and Options Paper
8 May 2024
Submissions
Submissions – Payments System Submission to Payments System Review. Submission to the Review of the Australian Payments System. January 2021. Download the complete Submission 1.12. MB. The Bank considers that the existing regulatory arrangements
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html
Banking and Payment Services
27 Oct 2022
RBA Annual Report
– October 2022
RITS settles most high-value transactions individually on a real-time gross settlement (RTGS) basis. ... RITS also settles obligations submitted by external batch administrators on a net settlement basis.
https://www.rba.gov.au/publications/annual-reports/rba/2022/banking-and-payment-services.html
5.3 List of Graphs
13 Oct 2023
RBA Annual Report
– 2023
List of Graphs | Reserve Bank of Australia Annual Report – 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/list-of-graphs.html
Governor's Foreword
8 Oct 2023
PSB Annual Report
- 2023
PDF
89KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/governors-foreword.pdf
Abbreviations
8 Oct 2023
PSB Annual Report
- 2023
PDF
65KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/abbreviations.pdf
Annual Performance Statement for 2021/22
27 Oct 2022
RBA Annual Report
– October 2022
Ensure the operational reliability of RITS. RITS availability at 99.95 per cent during core hours. ... Ensure the cyber security of RITS. Ongoing investment and regular reviews and testing to support cyber resilience.
https://www.rba.gov.au/publications/annual-reports/rba/2022/annual-performance-statement.html
List of tables
14 Sep 2017
PSB Annual Report
– 2017
Daily average, 2016/17. (a). Number. (b). Value. (b). Interbank settlement. value in RITS. ... 000s. $ billion. $ billion. RITS RTGS. 46.4. 175.0. 169.1. SWIFT payments.
https://www.rba.gov.au/publications/annual-reports/psb/2017/tables.html
Abbreviations
9 Aug 2023
RBA Annual Report
- 2022
PDF
65KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/abbreviations.pdf
List of tables
12 Sep 2014
PSB Annual Report
– 2014
$ billion. Per cent. $ billion. Domestic. RITS. 42. 162.7. 3.1. ... c). 3.1. 50.3. 3.8. 50.3. RITS cash transfers. 0.2. 11.9. 3.6.
https://www.rba.gov.au/publications/annual-reports/psb/2014/tables.html