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The end of daylight savings is approaching (5 April 2020), and the RBA has issued its changes to RITS (Reserve Bank Information & Transfer System) session times.
As a result, settlement slots in New South Wales will be return to 5:30pm AEST (reduced from 6:30pm).
For our members in WA, settlement rebooking cut-off time will return to 2pm AWST (from 1pm).
Breakdown of settlement hour changes and impacted states from 5 April 2020 to 6 October 2020:
9:30am – 5:30pm AEST (settlement rebooking cut-off time is 4pm AEST)
8:30am-3:30pm AWST (settlement rebooking cut-off time is 2pm AWST)
Thank you for the above information provided.
If a workspace is not in a 'Ready' status and is automatically rolled over every 30 minutes, what would be the latest time this will automatically rollover to?
The above times for NSW and WA of 5.30pm AEST and 3.30pm AWST respectively are available for booking anytime before the cut off of each state.
However the last automatic rollover settlement slots for those two states are 5pm AEST and 3pm AWST.
If we take an example where a workspace in WA is set for 2.30pm AWST, if this is not ready by that settlement time it will roll over to 3pm AWST. If by 3pm AWST it is still not ready, then settlement will drop off and you will not be able to rebook for this same day. Anytime before 2pm AWST if you rebook the settlement time - you will have the option to choose the final settlement time of 3.30pm AWST.
For those that have settlements in AEST - simply swap out the times accordingly but the same applies.
Thank you for clarifying @IsaacK !
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