Business Continuity and Security Standards

The Summary of RITS Business Continuity Arrangements (PDF) provides a description of the Reserve Bank's business continuity arrangements for the system.

RITS Members that operate an ESA and Batch Administrators must comply with the RITS Business Continuity and Security Standards. These Standards are designed to address systemic operational risk and disruption to other parties by seeking resilience of Members’ system components and rapid recovery if failover to alternate systems is required. The Standards are intended to complement the relevant requirements of APRA, AusPayNet and Australian Payments Plus.

Compliance with the Standards is managed through Self-Certification Statements as at the end of each calendar year, which are due by the end of March the following year. The Electronic RITS Self-Certification Statement User Guide (PDF) describes roles and responsibilities and the process for Members to submit electronic RITS Self-Certification Statements using an e-signing platform. RITS Members should notify the Bank of any specific circumstances that will prevent them from using the e-signing platform for submission of their Self-Certification Statement.

The Standards and Self-Certification Statements are not applicable to dormant ESA holders that have appointed a settlement agent for all RTGS transactions or to Non-ESA holder Members that have a RITS Membership solely for the purpose of being an eligible counterparty of the Reserve Bank in its domestic market operations.