RITS Business Hours

RITS is used for settlement across Exchange Settlement Accounts of payment obligations between banks and other institutions approved by the Reserve Bank to operate an Exchange Settlement Account.

The RITS Fast Settlement Service (FSS) is available for the settlement of NPP transactions 24 hours per day, on every day of the year.

For all other types of transactions, RITS is available to Members for settlement across Exchange Settlement Accounts on days when banks generally are open for business in Sydney or Melbourne. RITS is closed for the settlement of such transactions on weekends and on the following public holidays where they are observed in NSW and Victoria: New Year's Day, Australia Day, Good Friday, Easter Monday, Anzac Day, Queen's Birthday, Christmas Day and Boxing Day. On a normal business day, RITS is open for the settlement of these types of transactions from 7:30 am until 10:00 pm. Session rules govern what transactions can settle in certain periods of the RITS day.