System Availability Statistics 2023
The RBA has committed to providing quarterly operational reliability figures for its retail payment settlement services. While RITS is predominantly a wholesale settlement system, it is included here as it also settles retail payments through the batch feeders and the Low Value Settlement Service (LVSS). The RBA also provides figures for its Low Value Clearing Service (LVCS), which facilitates file transfers between participants in low value clearing systems. For more details on availability calculations and targets, and system components, see About RITS, System Availability.
| System | March quarter | June quarter | September quarter | December quarter | Calendar year(a) |
|---|---|---|---|---|---|
| Per cent | Per cent | Per cent | Per cent | Per cent | |
| RITS(b) | 100.000 | 99.962 | 100.000 | 100.000 | 99.992 |
| RITS settlement services for: | |||||
| Cash Transfers | 100.000 | 100.000 | 100.000 | 100.000 | 100.000 |
| SWIFT | 100.000 | 99.811 | 100.000 | 100.000 | 99.959 |
| Austraclear | 100.000 | 100.000 | 100.000 | 100.000 | 100.000 |
| Batch feeders | 100.000 | 100.000 | 100.000 | 100.000 | 100.000 |
| LVSS | 100.000 | 100.000 | 100.000 | 100.000 | 100.000 |
| FSS | 100.000 | 99.972 | 100.000 | 100.000 | 99.993 |
| LVCS | 100.000 | 100.000 | 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) As the core operating hours of systems vary throughout the year with daylight savings, calendar year
figures may differ from the average of quarterly figures.
Source: RBA |
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March Quarter
In the March quarter there were no internal incidents impacting system availability. A SWIFT network issue disrupted the clearing and settlement of NPP transactions in March, but this is not included as downtime in availability calculations for the FSS as it originated from an external system.
June Quarter
In the June quarter there were four internal incidents impacting system availability. In April, two separate incidents resulted in downtime to the RITS settlement service for SWIFT of 19 and 45 minutes, respectively. In April and May, two separate incidents resulted in FSS downtime of less than half a minute and 36 minutes, respectively.
September Quarter
In the September quarter there were no internal incidents impacting system availability. A SWIFT network issue disrupted the clearing and settlement of NPP transactions in August, but this is not included as downtime in availability calculations for the FSS as it originated from an external system.
December Quarter
In the December quarter there were no incidents impacting system availability.