Search: Deferred Net Settlement System
RBA Glossary definition for settlement
settlement – The discharge of obligations arising from fund transfers between two or more parties.
RBA Glossary definition for Deferred Net Settlement System
Deferred Net Settlement System – A settlement system in which each participant settles (typically by means of a single payment or receipt) its net position, which results from the payments made and received by it, at some defined time after payments have been made.
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Banking and Payments
20 Aug 2009
RBA Annual Report
– 2009
custody, registry and associated services, and the operation of a real-time gross settlement system for Australian dollar high-value payments. ... This will reduce remaining settlement risk associated with the current deferred settlement arrangements,
https://www.rba.gov.au/publications/annual-reports/rba/2009/banking-payments.html
Banking and Payment Services
24 Oct 2016
RBA Annual Report
– 2016
Most RITS transactions are settled individually on a RTGS basis, removing the settlement risk inherent with deferred settlement. ... RITS also settles some payments on a net deferred basis. This allows for more efficient use of liquidity because
https://www.rba.gov.au/publications/annual-reports/rba/2016/banking-and-payment-services.html
High-value Payments System
25 Oct 2010
PSB Annual Report
– 2010
The remaining 10 per cent occur on a deferred net basis and are related to retail payment systems. ... International Settlements' Committee on Payment and Settlement Systems (CPSS).
https://www.rba.gov.au/publications/annual-reports/psb/2010/high-value-payments.html
The Bank's Market Operations During the Year* | Reserve Bank of Australia Annual Report - 1983
30 Jun 1983
Annual Report
The sixth bond tender, tentatively scheduled for the second half of February, was deferred. ... 1,280. 1,288. 3. RBA's net dealings in CGS with non-official sector. –
https://www.rba.gov.au/publications/annual-reports/rba/1983/bank-mar-ope.html
Safety and Stability
25 Sep 2003
PSB Annual Report
– 2003
Prior to June 1998, when real-time gross settlement (RTGS) commenced in Australia, virtually all payments in Australia were settled on a net deferred basis. ... However, if most banks chose to continue to settle their high-value transactions using the
https://www.rba.gov.au/publications/annual-reports/psb/2003/safety-stability.html
Operations in Financial Markets
30 Jun 1998
RBA Annual Report
– 1998
In general, RTGS systems raise important issues for central banks in managing system-wide liquidity and for individual banks in managing their own liquidity. ... With the previous system of deferred net settlement, daily liquidity flows – both at the
https://www.rba.gov.au/publications/annual-reports/rba/1998/oper-fin-mkts.html
Banking and Payments
16 Oct 2013
RBA Annual Report
– 2013
Accordingly, the Bank is working closely with APCA and RITS Members to introduce same-day settlement for the direct entry system. ... In addition to RTGS payments, the daily value of obligations settled on a net deferred basis at 9.00 am each day using
https://www.rba.gov.au/publications/annual-reports/rba/2013/banking-payments.html
Surveillance of the Financial System
30 Jun 1997
RBA Annual Report
– 1997
Under the current system of ‘deferred settlement’, each member of the payments system accumulates the various cheques and other payments received during the day, and it is only on the next ... The Bank has also participated in the payments activities
https://www.rba.gov.au/publications/annual-reports/rba/1997/surveillance-financial.html
Surveillance of the Financial System | Reserve Bank of Australia Annual Report - 1992
30 Jun 1992
Annual Report
September 1992, future income tax benefits (net of deferred tax liabilities) arising from losses or other factors will not be included in capital adequacy calculations. ... Net obligations established between financial institutions in the clearing
https://www.rba.gov.au/publications/annual-reports/rba/1992/sur-fin-system.html
Developments in the Payments System
11 Sep 2008
PSB Annual Report
– 2008
Around 90 per cent of the value of interbank settlements takes place through the RTGS system, with the remainder occurring on a deferred net basis. ... Payments related to equity transactions are settled across Exchange Settlement accounts in a daily
https://www.rba.gov.au/publications/annual-reports/psb/2008/dev-payments.html