CLEARING AND SETTLEMENT FACILITIES

Standards

• Standards
• |
• Compliance Reports
• |
• Consultation Documents and Other Publications

Clearing and settlement (CS) facilities are systems that clear and settle transactions in securities such as bonds and equities, and in derivative instruments such as options and futures. The Reserve Bank of Australia has formal responsibility for ensuring that licensed CS facilities conduct their affairs in a way that is consistent with financial system stability.

The Reserve Bank determined Financial Stability Standards for licensed CS facilities, in accordance with subsection 827D(1) of the Corporations Act 2001, on 30 May 2003. The Financial Stability Standard for Securities Settlement Facilities was varied on 1 June 2005.

Financial Stability Standard for Central Counterparties

• Standard and Measures
• Guidance

Financial Stability Standard for Securities Settlement Facilities

• Standard and Measures
• Guidance

Determination and Variation of the Standards

• Notice of Variation - PDF 54K
  June 2005

• Transitional Relief under Financial Stability Standard FSS 2003.1 - PDF 41K
  September 2004
  

• Transitional Relief under Financial Stability Standard FSS 2003.1 - PDF 49K
  March 2004

• Gazettal Notice and Annex - PDF 2M
  May 2003

Related Material

• Recommendations for Central Counterparties - PDF 690K
  Joint CPSS/IOSCO Report
  November 2004

• Recommendations for Securities Settlement Systems - PDF 269K
  Joint CPSS/IOSCO Consultative Report
  January 2001