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RBA Glossary definition for RTGS

RTGS – Real-time gross settlement. A payment system in which processing and settlement take place in real time (continuously).

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Strategic Issues – Payment System Design | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
Under the RBA's existing ESA policy, ADIs must directly settle across their own ESA if their aggregate wholesale RITS RTGS transactions constitute 0.25 per cent or more of the ... The move to ISO 20022 message format standards internationally has also
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-payment-system-design.html

ISO 20022 Migration for the Australian Payments System – Issues Paper

7 Apr 2019 Consultations PDF 1644KB
A consultation paper issued by the Reserve Bank of Australia and the Australian Payments Council - April 2019
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/pdf/issues-paper.pdf

Introduction | Strategic Review of Innovation in the Payments System: Issues for Consultation June 2011 | Consultations

7 Jun 2011 Consultations
It does not consider high value payments, such as those relating to financial market transactions, or large corporate payments directed through the real-time gross settlement (RTGS) system.
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/introduction.html

ISO 20022 Migration for the Australian Payments System – Responses and Options Paper

11 Sep 2019 Consultations PDF 1175KB
settle directly across their own ESA unless their aggregate wholesale RITS RTGS transactions are less than 0.25 per cent of the total value of wholesale RITS RTGS transactions. ... for domestic real-time gross settlement (RTGS) systems (Figure 6). It was
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/pdf/consultation-paper.pdf

Increasing the Threshold for the Application of the Financial Stability Standards for Securities Settlement Facilities

23 Nov 2023 Consultations PDF 511KB
A securities. settlement facility should consider adopting real-time gross settlement (RTGS) or multiple batch.
https://www.rba.gov.au/publications/consultations/2023-11-increasing-the-fss-threshold-for-sffs/pdf/2023-11-increasing-the-fss-threshold-for-sffs.pdf

Project Scope | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019

31 Dec 2002 Consultations
The RBA's ESA Policy (see) requires ESA holders to settle directly across their own ESA unless their aggregate wholesale RITS RTGS transactions are less than 0.25 per cent of ... the total value of wholesale RITS RTGS transactions.
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/project-scope.html

Glossary | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
RITS is Australia's RTGS system, owned and operated by the RBA. ... RTGS. Real-time gross settlement. A settlement method by which the transfer of money from one ESA holder to another occurs on a real time and gross basis.
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/glossary.html

ISO 20022 Migration for the Australian Payments System – Conclusions Paper

25 Feb 2020 Consultations PDF 560KB
Society for Worldwide Interbank Financial Telecommunication’s (SWIFT) global Payments Market Practice Group (PMPG) also submitted a letter addressed to domestic real-time gross settlement (RTGS) system operators, outlining its assessment
https://www.rba.gov.au/publications/consultations/202002-iso-20022-migration-for-the-australian-payments-system/pdf/iso-20022-migration-for-the-australian-payments-system-conclusions-paper.pdf

Strategic Issues – Scope of Migration | ISO 20022 Migration for the Australian Payments System – Issues Paper – April 2019

31 Dec 2002 Consultations
Payments are settled on a line by line, real-time gross settlement (RTGS) basis, or via batch. ... FSS – settles payments initiated via the NPP on a first-in, first-out (FIFO), line by line RTGS basis, and is available 24/7.
https://www.rba.gov.au/publications/consultations/201904-iso-20022-migration-for-the-australian-payments-system/strategic-issues-scope-of-migration.html

Innovation Gaps in the Australian Payments System | Strategic Review of Innovation in the Payments System: Issues for Consultation June…

7 Jun 2011 Consultations
Another approach again is the Telegiro New Style system in the Netherlands, which can route urgent credit transfers either through the TARGET2 RTGS system or the European Bankers Association's deferred
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/innovation-gaps.html