Continuous Linked Settlement:
RITS Session Times and Operational Arrangements – July 2015
Appendix 3: Time Period Advices Under Evening Operations for CLS
The following table sets out the description of the Time Period Advices (TPA) sent by RITS and the event to which they refer. The table shows the times that standard TPAs are sent in both Australian Eastern Standard Time (AEST) and Australian Eastern Daylight Saving Time (AEDT).
A Standard TPA is sent when a session opens. A Revised TPA is sent when a change is made to the opening or closing times of a session.
The following exceptions apply (as referenced in the table below):
- Revised advices are not sent for the Morning Settlement Session.
- A revised advice is sent when the closing time for SWIFT Payments processing is changed.
- A standard advice is sent when the RITS System Queue shuts down.
The SWIFT Evening Settlement Session is not currently used.
| Time Period Advice Tag |
Coverage | Standard Advice Sessions opens |
Revised Advice Session times change |
Time Sent in AEST | Time Sent in AEDT |
|---|---|---|---|---|---|
| 02 | Morning Settlement Session | ✔ | x 1 | 07:30 | 07:30 |
| 03 | Daily Settlement Session | ✔ | ✔ | 09:15 | 09:15 |
| 06 | SWIFT Daily Settlement Session | ✔ | ✔ | 09:15 | 09:15 |
| 04 | Settlement Close Session | ✔ | ✔ | 16:30 | 16:30 |
| 12 | SWIFT Evening Settlement Session | Not currently used | Not currently used | Not currently used | Not currently used |
| 13 | SWIFT Final Settlement Session | ✔ | ✔ | 16:30 | 16:30 |
| 10 | Interim Session | ✔ | ✔ | 17:15 | 17:15 |
| 11 | Evening Settlement Session | ✔ | ✔ | 17:20 (approx) | 17:20 (approx) |
| 09 | SWIFT Settlement Close Session (SWIFTEND) | ✔ | ✔ | 18:05 | 20:05 |
| 07 | SWIFT Payment Processor Cut-off Time | x | ✔ 2 | * | * |
| 05 | Reports Session | ✔ | ✔ | 22:00 | 22:00 |
| 08 | RITS System Queue processing complete | ✔ 3 | x | 22:02 (approx) | 22:02 (approx) |
| 01 | RTGS Closed | ✔ | ✔ | 22:30 | 22:30 |