Projects
The Reserve Bank invests significant resources in maintaining and enhancing RITS to ensure it operates to the highest standards of availability and resilience and keeps pace with international best practice for RTGS systems. Information is provided here on selected current and completed projects.
Current Projects
ISO 20022 for the Automated Information Facility (AIF) – a project to migrate RITS AIF messages from Swift MT format to ISO 20022 format.
Completed Projects
ISO 20022 for the High Value Clearing System (HVCS) – a project to update RITS to support the settlement of ISO 20022 HVCS payments submitted through the SWIFT Payment Delivery System (PDS).
RITS User Access and Browser Upgrade Program – a program of work to update RITS software and hardware security tokens to ensure access to the RITS User Interface remains secure and uses up-to-date versions of hardware, software and security protocols.
Property Settlement Project – a project to implement new functionality in RITS to enable the cash side of property transactions to settle across Exchange Settlement Accounts.