Austraclear deals with the transfers of liquidity among traders in the money markets while the RITS manages the transfers of ownership of the traded securities.

Question

Quizplus · Accepted Answer

Austraclear is a system for the settlement of debt securities and the transfer of cash, while RITS (Reserve Bank Information and Transfer System) is used for real-time gross settlement of interbank transactions, not specifically for managing ownership of traded securities.

Austraclear Deals with the Transfers of Liquidity Among Traders in the Money