System Availability Statistics 2024

The RBA has committed to providing quarterly operational reliability figures for its payment settlement services. For more details on each of these services and the availability calculations and targets, see About RITS, System Availability.

System Availability: 2024
System March quarter June quarter September quarter
  Per cent Per cent Per cent
RITS(a) 100.000 100.000 99.999
RITS settlement services for:
Cash Transfers(b) 100.000 100.000 100.000
SWIFT(c) 100.000 100.000 100.000
Austraclear(d) 100.000 100.000 100.000
Batch feeders(e) 100.000 100.000 100.000
LVSS(f) 100.000 100.000 99.993
FSS(g) 100.000 100.000 99.981
LVCS(h) 100.000 100.000 100.000

Notes: Availability is calculated as the amount of time that a system is not experiencing an outage, as a proportion of the core operating hours for that system. Downtime for recent incidents may be subject to revision.

(a) RITS availability is the average of the availability of the component settlement services for Cash Transfers, SWIFT, Austraclear, Batch feeders and LVSS.
(b) Cash Transfers are entered directly to RITS by ESA holders to transfer ES funds between each other. They are typically used for the settlement of interbank overnight cash market transactions and obligations arising from agency arrangements for the low-value clearing systems.
(c) Real-time Gross Settlement (RTGS) of high-value payments exchanged via SWIFT.
(d) RTGS of interbank obligations arising from debt securities settlements in the ASX Austraclear system.
(e) Batch settlement services for property (PEXA and ASXF batches), CHESS, eftpos and Mastercard.
(f) Multilateral net settlement services for other low-value payments clearing systems (e.g. cheques and direct entry).
(g) RTGS of payments exchanged via the NPP.
(h) A non-settlement service that facilitates the transfer of payment clearing files between participants in low-value clearing systems (e.g. cheques and direct entry).

Source: RBA

March Quarter

In the March quarter there were no incidents impacting system availability.

June Quarter

In the June quarter there were no incidents impacting system availability.

September Quarter

In the September quarter there were two incidents impacting system availability. In July, a procedural error resulted in 4 minutes of Low Value Settlement Service (LVSS) downtime, delaying the submission of some settlement files. In August, an internal power supply issue led to 26 minutes of Fast Settlement Service (FSS) downtime.