R-TiMOR
Banco Central de Timor-Leste launched into life operation of a new Automated Transfer System called “Rede transferênsia iha Momento Reál” (or R-TiMOR).The ATS or R-TiMOR system is a modern, automated, electronic system operated by BCTL and is connected to all commercial banks in Timor-Leste by a highly secure private interbank data network which enables payments to move readily, efficiently, and securely from the payer to payee, across the respective banks' settlement accounts at BCTL.The system is a hybrid system combining the Real Time Gross Settlement System and an Automatic Clearing house System. The system can handle payments for any amount, whether large or small. Payments are processed by R-TiMOR which transfers funds between the accounts of the participants held within the system. Because these transfers are made at electronic speed, bank customers receive funds in their accounts very quickly and normally on the same day the payment is sent.Each of the system participants (including BCTL) is using R-TiMOR to send instructions to make payments to other participants.Currently all commercial banks, BCTL and the Goverment - Ministry of Finance are as direct participants
R-TiMOR Calender & Timetable
R-TiMOR operates each day Monday to Friday except for public holidays and official commemorative dates for 2026 maintained by BCTL and available via on-line enquiry in R-TiMOR to all Participants.
R-TiMOR is open every working day from 08.00am to 17.00pm (+9GMT). After R-TiMOR is Open for Business, any overnight RTGS transactions entered by the BCTL will be settled (or queued for settlement if insufficient funds are available in the Settlement Account of a Participant). During the day entry and settlement of Customer payments, Bank-to-Bank payments, Bulk Instructions and BCTL transactions will proceed.
After End of Day until next Start of Day
Participants Update and Reconciliation with files sent from R-TiMOR.
Participants can continue to send payments, if they wish, but they will be stored for processing on the next business day.
Banco Central de Timor-Leste launched into life operation of a new Automated Transfer System called “Rede transferênsia iha Momento Reál” (or R-TiMOR).The ATS or R-TiMOR system is a modern, automated, electronic system operated by BCTL and is connected to all commercial banks in Timor-Leste by a highly secure private interbank data network which enables payments to move readily, efficiently, and securely from the payer to payee, across the respective banks' settlement accounts at BCTL.The system is a hybrid system combining the Real Time Gross Settlement System and an Automatic Clearing house System. The system can handle payments for any amount, whether large or small. Payments are processed by R-TiMOR which transfers funds between the accounts of the participants held within the system. Because these transfers are made at electronic speed, bank customers receive funds in their accounts very quickly and normally on the same day the payment is sent.Each of the system participants (including BCTL) is using R-TiMOR to send instructions to make payments to other participants.Currently all commercial banks, BCTL and the Goverment - Ministry of Finance are as direct participants
| Logo | BIC Code | Direct/Indirect |
 |
BCTLTLDI | Direct Participant |
 |
CGDITLDI | Direct Participant |
 |
ANZBTLDI | Direct Participant |
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BNCTTLDI | Direct Participant |
 |
BMRITLDI | Direct Participant |
 PT. BANK RAKYAT INDONESIA (Persero), Tbk. Serbi Ho Laran Luak |
BRINTLDI | Direct Participant |
 |
MOFITLDI | Direct Participant |
 |
BNFTTLDI | Direct Participant |
R-TiMOR Calender & Timetable
R-TiMOR operates each day Monday to Friday except for public holidays and official commemorative dates for 2026 maintained by BCTL and available via on-line enquiry in R-TiMOR to all Participants.
| Public Holidays and Official Commemorative Dates | |
| January 1 | New Year's Day (Fixed Date-Public Holiday) |
| March 3 | Veterans Day (Fixed Date-Public Holiday) |
| March 20 | Aid al Fitri (Moveble Public Holiday) |
| April 3 | Good Friday (Moveble Public Holiday) |
| May 1 | International Workers Day (Fixed Date-Public Holiday) |
| May 20 | Restoration of Independence Day (Fixed Date-Public Holiday) |
| May 27 | Sacrifice Day (Aid al Adha) (Moveble Public Holiday) |
| June 4 | Corpus Christi (Moveble Public Holiday) |
| August 30 | Popular Consultation Day (Fixed Date-Public Holiday) |
| November 1 | All Saints Day (Fixed Date-Public Holiday) |
| November 2 | All Souls Day (Fixed Date-Public Holiday) |
| November 3 | National Women's Day (Fixed Date-Public Holiday) |
| November 12 | National Youth Day (Fixed Date-Public Holiday) |
| November 28 | Proclamation of Independence Day (Fixed Date-Public Holiday) |
| December 7 | National Remembrance Day (Fixed Date-Public Holiday) |
| December 8 | Day of Our Lady of Immaculate Conception and Timor-Leste Patroness |
| December 25 | Christmas Day (Fixed Date-Public Holiday) |
| December 31 | National Heroes'Day (Fixed Date-Public Holiday) |
R-TiMOR is open every working day from 08.00am to 17.00pm (+9GMT). After R-TiMOR is Open for Business, any overnight RTGS transactions entered by the BCTL will be settled (or queued for settlement if insufficient funds are available in the Settlement Account of a Participant). During the day entry and settlement of Customer payments, Bank-to-Bank payments, Bulk Instructions and BCTL transactions will proceed.
| Daily Operating Time Table | ||
| Time | R-TiMOR Event | Comments |
| 08:00 | Start of Day | R-TiMOR Start-of-Day. Housekeeping period. |
| 08:30 | Open for Business | Processing of R-TiMOR transactions begins. RTGS payments may now be sent at any time up to ICO (customer payments) or FCO (participant payments). They will be settled immediately if sufficient funds are available or if not they will be queued. |
| 10:00 - 11:00 | First Bulk Clearing Session | The Bulk payments already received for the current date are netted together, the resulting NSI is posted and the details of payments sent to each receiving Participant. |
| 14:00 - 15:00 | Second Bulk Clearing Session | Same as the first session. |
| 16:00 | Initial Cut-off | R-TiMOR no longer accepts customer payments (RTGS or Bulk). Initial Cut-off reports are generated. RTGS queue clearance may be effected by application of gridlock resolution tools by BCTL and by deletion or reprioritisation of queued payments by Participants. |
| 16:30 | Final Cut-off | Only BCTL can now submit R-TiMOR transactions for value today. Session closed, queue/settlement processing will cease and any RTGS transactions still in queues will be rejected. Final Cut-off reports are generated. |
| 17:00 | End of Day | R-TiMOR End of Day reports are available for downloading. |
After End of Day until next Start of Day
Participants Update and Reconciliation with files sent from R-TiMOR.
Participants can continue to send payments, if they wish, but they will be stored for processing on the next business day.
