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RBA Glossary definition for 24/7

24/7 – 24 hours a day, 7 days a week

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Management of the Reserve Bank

21 Oct 2021 RBA Annual Report – 2021
34.8. 41.0. 42.4. Premises costs. 24.4. 25.0. 24.8. 26.5. 28.8. Other costs. ... Gas consumption also increased as a result of changes to the Bank's archival storage arrangements in the Head Office building, with new temporary space requiring 24/7
https://www.rba.gov.au/publications/annual-reports/rba/2021/management-of-the-reserve-bank.html

Banking and Payment Services

20 Sep 2018 RBA Annual Report – 2018
The NPP allows fast, versatile and data-rich payments to be made 24/7. ... To support the FSS, the hours of operation of the RITS Help Desk were extended to provide 24/7 technical assistance to members.
https://www.rba.gov.au/publications/annual-reports/rba/2018/banking-and-payment-services.html

Banking and Payments

16 Oct 2013 RBA Annual Report – 2013
The New Payments Platform is expected to provide real-time bank account to bank account transfers on a 24/7 basis, immediate funds availability to recipients, richer remittance information, ease of ... Reflecting increased overseas demand for Australian
https://www.rba.gov.au/publications/annual-reports/rba/2013/banking-payments.html

Annual Performance Statement for 2017/18

20 Sep 2018 RBA Annual Report – 2018
Fast Settlement Service (FSS) go-live; FSS availability at 99.995 per cent on a 24/7 basis, with most transactions processed in less than one second. ... For FSS, the system availability target is 99.995 per cent on a 24/7 basis.
https://www.rba.gov.au/publications/annual-reports/rba/2018/annual-performance-statement.html

Annual Performance Statement for 2018/19

17 Oct 2019 RBA Annual Report – 2019
RITS Fast Settlement Service (FSS) availability at 99.995 per cent on a 24/7 basis, with most transactions processed in less than one second. ... The NPP is a major enhancement to Australia's retail payments infrastructure and facilitates real-time,
https://www.rba.gov.au/publications/annual-reports/rba/2019/annual-performance-statement.html

Banking and Payments

12 Sep 2014 RBA Annual Report – 2014
This occurs shortly after the official industry clearing exchange times, in five multilaterally netted batches at 10.45 am, 1.45 pm, 4.45 pm, 7.15 pm and 9.15 ... The NPP is expected to operate on a 24/7 basis and provide real-time bank account transfers
https://www.rba.gov.au/publications/annual-reports/rba/2014/banking-payments.html

Governor's Foreword

24 Oct 2016 PSB Annual Report – 2016
on a 24/7 basis, data-rich and easily addressed.
https://www.rba.gov.au/publications/annual-reports/psb/2016/governors-foreword.html

Annual Performance Statement

21 Oct 2021 RBA Annual Report – 2021
RITS availability was 99.96 per cent during core hours in 2020/21. RITS Fast Settlement Service (FSS) availability at 99.995 per cent on a 24/7 basis, with most ... FSS availability was 99.999 per cent on a 24/7 basis and the processing time for
https://www.rba.gov.au/publications/annual-reports/rba/2021/annual-performance-statement.html

Banking and Payment Services

25 Sep 2017 RBA Annual Report – 2017
During 2016/17, the Reserve Bank also continued its contribution to developing the payments industry's New Payments Platform (NPP), which will enable payments to be exchanged on a 24/7 ... It is an important collaborative effort by the payments industry,
https://www.rba.gov.au/publications/annual-reports/rba/2017/banking-and-payment-services.html

Annual Performance Statement for 2019/20

12 Apr 2020 RBA Annual Report – 2020
RITS Fast Settlement Service (FSS) availability at 99.995 per cent on a 24/7 basis, with most transactions processed in less than one second. ... FSS availability was 100 per cent on a 24/7 basis and the processing time for 95 per cent of FSS
https://www.rba.gov.au/publications/annual-reports/rba/2020/annual-performance-statement.html