RITS

Funds transfer - Australia.

RITS is the real time gross settlement transfer system for large value real time payments in Australia, primarily between financial institutions.

RITS is an abbreviation for Reserve Bank Information and Transfer System.

See also

• Australia
• Clearing house
• Clearing House Automated Payment System (CHAPS)
• Clearing House Interbank Payment System (CHIPS)
• Clearing system
• Interbank
• LVPS
• Real-time gross settlement system
• Reserve Bank of Australia
• Transfer system