R-Timor Calendar & Time Table

R-Timor Calendar & Time Table

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Menu Side Left > Payment System > Rede Transferensia iha Momentu Real (R-TiMOR) > R-Timor Calendar & Time Table
R-TiMOR operates each day Monday to Friday except for public holidays and official commemorative dates for 2016 maintained by BCTL and available via on-line enquiry in R-TiMOR to all Participants.

Public Holidays and Official Commemorative Dates  
January 1st New Year's
March 25th Holly Friday
May 1st World Labour Day
May 20th Restoration of Independence Day
May 26th Corpus Christi
July 7th Idul Fitri
August 30th Popular Consultation Day
September 12th Idul Adha
November 1st All Saints Day
November 2nd All Souls Day
November 12th Youth National Day
November 28th Proclamation of Independence Day
December 7th National Heroes Day
December 8th Day of Our Lady of Immaculate Conception and Timor-Leste Patroness
December 25th Christmas Day

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.