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The end of daylight savings is approaching, and the RBA have issued its changes to RITS (Reserve Bank Information & Transfer System) session times.
This year, there is an interim period where the change from CET to CEST and AEDT to AEST do not align.
As a result, reduced settlement hours will begin one week before Australia’s daylight savings finishes. This will affect settlements in New South Wales and Western Australia only.
Please see the altered settlement hours below:
26-29 March 2018
9:30am – 6:30pm
3 April – 7 October 2018
9:30am – 5:30pm
26 March – 7 October 2018
8:30am – 3:30pm
Don’t forget, all operating hours are outlined in PEXA’s Service Charter section 8.2 for your reference.
Feel free to post any queries on this matter below.
Is it possible to note these changes or a link to this location on the Service Charter Section 8.2 to ensure it's not missed?
Good suggestion @nicolalambrakis. I'll work with the team to get this actioned.
Just to clarify, does the above 'reduced settlement hours' refer to 'Instrument Lodgement Availability' &/or 'Financial Settlement Availability' in the 8.2 section of the Service Charter?
The reduced settlement hours refers to the 'Financial Settlement Availability' in section 8.2 of the service charter.