Search: ESA
RBA Glossary definition for ESA
ESA – Exchange Settlement Account. An account held at the Reserve Bank of Australia by financial institutions to settle financial obligations arising from the clearing of payments.
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Real-time Gross Settlement in Australia
10 Sep 2010
Bulletin
– September 2010
Settlement was achieved by means of a single net transfer across their ESA at the Reserve Bank. ... ESA. At present, 55 banks and 14 other institutions (referred to collectively as ‘banks’ for the purposes of this article) hold ESAs.
https://www.rba.gov.au/publications/bulletin/2010/sep/8.html
2.3 Banking and Payment Services
19 Oct 2023
RBA Annual Report
– October 2023
Banking and Payment Services | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/banking-and-payment-services.html
Operations in Financial Markets
24 Oct 2016
RBA Annual Report
– 2016
These are remunerated at the cash rate target. In addition to these balances, ESA holders typically hold aggregate surplus balances of around $2 billion. ... During 2015/16, ESA holders accessed overnight funding from the Bank on only one occasion.
https://www.rba.gov.au/publications/annual-reports/rba/2016/operations-in-financial-markets.html
5.5 Abbreviations
19 Oct 2023
RBA Annual Report
– 2023
ERG. Employee Resource Group. ES. Exchange Settlement. ESA. Exchange Settlement Account.
https://www.rba.gov.au/publications/annual-reports/rba/2023/abbreviations.html
The Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
– June 2014
In November 2013, the Reserve Bank introduced changes to its Reserve Bank Information and Transfer System (RITS) to allow the same-day settlement of non-government direct entry obligations. This outcome met one of the objectives set by the Payments
https://www.rba.gov.au/publications/bulletin/2014/jun/7.html
The Cash Market
15 Dec 2016
Bulletin
– December 2016
The cash market is the market for unsecured, overnight loans between banks. The weighted average of interest rates on these loans is the cash rate, the Reserve Bank's operational target for monetary policy and an important financial benchmark. Over
https://www.rba.gov.au/publications/bulletin/2016/dec/4.html
Operations in Financial Markets
27 Oct 2022
RBA Annual Report
– October 2022
The funds traded in the cash market are the balances held by financial institutions in their Exchange Settlement Accounts (ESAs) at the Reserve Bank. ... The most frequently used standing facilities are those for the provision of intraday liquidity to
https://www.rba.gov.au/publications/annual-reports/rba/2022/operations-in-financial-markets.html
Banking and Payment Services
12 Apr 2020
RBA Annual Report
– 2020
A further 40 institutions were dormant ESA holders, using another ESA holder as a settlement agent to settle their payment obligations. ... ESA and settlement activities, which are vital to the smooth operation of the payments system.
https://www.rba.gov.au/publications/annual-reports/rba/2020/banking-and-payment-services.html
September | 2018
20 Sep 2018
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2018/sep/
Banking and Payment Services
27 Oct 2022
RBA Annual Report
– October 2022
payments. Obligations are settled through the debiting and crediting of Exchange Settlement Accounts (ESAs), which are at-call accounts held at the Reserve Bank on behalf of RITS member institutions. ... In 2021/22, three new institutions were approved
https://www.rba.gov.au/publications/annual-reports/rba/2022/banking-and-payment-services.html