Reserve Bank of Australia Annual Report – 2000 Financial Statements Note 10 – Contingent Liabilities and Other Items Not Included in the Balance Sheet


The RBA has a contingent liability, amounting to $67.4 million at 30 June 2000 ($55.4 million at 30 June 1999), in respect of the uncalled portion of its shares held in the Bank for International Settlements.

In the course of providing banking services to its customers, the RBA provides performance guarantees to third parties in relation to customer activities. Such exposure is not material and has not given rise to losses in the past.

Other items

The RBA has commitments of $1.2 million at 30 June 2000 ($2.9 million at 30 June 1999) payable within one year; and commitments of $0.6 million payable beyond one year ($1.7 million at 30 June 1999).

The RBA carries its own insurance risks except where administrative costs are estimated to be excessive.