Search: RTGS
RBA Glossary definition for RTGS
RTGS – Real-time gross settlement. A payment system in which processing and settlement take place in real time (continuously).
Search Results
Payment Systems and Netting Act 1998: Approval of CHESS RTGS Feeder System
24 Nov 2000
Media Releases
The Reserve Bank has declared that the Clearing House Electronic Subregister System (CHESS) is an approved real-time gross settlement (RTGS) system under section 9 of the Payment Systems and Netting Act 1998
https://www.rba.gov.au/media-releases/2000/mr-00-19.html
Reform of Interbank Payments: RTGS Business Specifications
31 Aug 1995
Media Releases
Announces the release of draft business specifications for the (RTGS) system
https://www.rba.gov.au/media-releases/1995/mr-95-13.html
Real-time Gross Settlement (RTGS) – Liquidity
6 May 1997
Media Releases
The Reserve Bank will stand ready to provide intra-day liquidity to banks and others with Exchange Settlement Accounts, to ensure that payments flow smoothly. This liquidity will take the form of within-day repurchase agreements in Commonwealth
https://www.rba.gov.au/media-releases/1997/mr-97-08.html
Commencement of Real-time Gross Settlement (RTGS)
16 Jun 1998
Media Releases
From 22 June 1998, the Reserve Bank will commence real-time gross settlement of all payments between Australian banks which are processed across the Reserve Bank Information and Transfer System (RITS)
https://www.rba.gov.au/media-releases/1998/mr-98-08.html
Reform of Interbank Payments
5 Apr 1995
Media Releases
Announces that after consulting with the banks and the Australian Payment Clearing Association (APCA), the RBA is now presenting a case for moving to a Real-time Gross Settlement (RTGS) payments system and proposes a means of achieving this
https://www.rba.gov.au/media-releases/1995/mr-95-05-attach-1.html
Reform of Interbank Payments - A Proposal for Implementing Real Time Gross Settlement in Australia
5 Apr 1995
Media Releases
September 1996. Intraday liquidity arrangements introduced. Earliest possible date for RTGS for RITS transactions. ... March 1997. Final date for cutover to RTGS. Final date for cutover to RTGS.
https://www.rba.gov.au/media-releases/1995/mr-95-05-attach-2.html
Changes to the Reserve Bank's Dealing Arrangements and the Prime Assets Requirements (PAR)
10 Jun 1997
Media Releases
Announcement of changes to the Reserve Bank's dealing arrangements and the Prime Assets Requirement (PAR)
https://www.rba.gov.au/media-releases/1997/mr-97-11.html
December: 1997-Next Steps and Conclusions
9 Mar 2023
Media Release
A domestic RTGS system is an essential element for inclusion of any currency in the CLS proposal. ... As identified in this report, RTGS also provides a mechanism for reducing the times at which foreign exchange payments are at risk.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/next-steps-conclusions.html
Payments System Issues: Exchange Settlement Account Policy
20 Mar 2018
Media Releases
The Reserve Bank has amended its Exchange Settlement Account policy to remove the requirement that all banks that use a settlement agent for real-time gross settlement transactions must maintain an ESA.
https://www.rba.gov.au/media-releases/2018/mr-18-06.html
December: 1997-Risk Management Practices
9 Mar 2023
Media Release
These include the general move towards RTGS in most countries and the emergence of multi-currency settlement systems. ... Almost all respondents reported that the introduction of RTGS in other countries had had little or no impact on their own settlement
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/risk-management-practices.html