Search: Close-out netting
RBA Glossary definition for Close-out netting
Close-out netting – An arrangement to settle all contracted but not yet due liabilities to, and claims on, an institution by a single payment, immediately upon the occurrence of one of a list of defined events such as the appointment of a liquidator to that institution.
Search Results
The Evolution of Interbank Settlement in Australia
17 Mar 2022
Bulletin
– March 2022
Electronic payments are ubiquitous in modern economies and result in financial obligations between different financial institutions.
https://www.rba.gov.au/publications/bulletin/2022/mar/the-evolution-of-interbank-settlement-in-australia.html
Recent Conditions in the Australian Foreign Exchange Market
10 Mar 2009
Bulletin
– March 2009
spread. Dealers should be willing to place limit orders in the system at close to the central price when the market is more liquid, i.e. ... A sizeable number of these transactions were a result of investors being forced to close out profitable
https://www.rba.gov.au/publications/bulletin/2009/mar/2.html
Foreign Currency Exposure and Hedging in Australia
19 Dec 2013
Bulletin
– December 2013
The 2013 Australian Bureau of Statistics (ABS) Foreign Currency Exposure survey confirms that Australian entities' financial asset and liability positions remain well hedged against a depreciation of the Australian dollar, either through the use of
https://www.rba.gov.au/publications/bulletin/2013/dec/6.html
The Domestic Market for Short-term Debt Securities
10 Sep 2011
Bulletin
– September 2011
These banks all have long-term debt ratings of AA- or better and, at close to $150 billion, their bill and CD issuance accounts for around 70 per cent of the ... As the liquidity of a three-month bill or CD declines noticeably when its maturity
https://www.rba.gov.au/publications/bulletin/2011/sep/5.html
Market Making in Bond Markets
19 Mar 2015
Bulletin
– March 2015
In November 2014, the Committee on the Global Financial System (CGFS) published a report on developments in market making and proprietary trading in fixed income and related derivative markets (CGFS 2014). The aim of the report was to facilitate a
https://www.rba.gov.au/publications/bulletin/2015/mar/7.html
The Australian Credit Default Swap Market
10 Dec 2011
Bulletin
– December 2011
In aggregate, global bonds outstanding of Australian companies are close to US$690 billion, compared with US$31 billion of net outstanding CDS. ... As such, market participants will often close out old (‘stale’) CDS trading positions – those
https://www.rba.gov.au/publications/bulletin/2011/dec/6.html
Skin in the Game – Central Counterparty Risk Controls and Incentives
18 Jun 2015
Bulletin
– June 2015
The increasing systemic importance of central counterparties (CCPs) has seen recent policy debates focus on the ability of CCPs to withstand a crisis effectively. CCPs maintain prefunded financial resources to cover the potential losses arising from
https://www.rba.gov.au/publications/bulletin/2015/jun/9.html
Fundamentals, Portfolio Adjustments and the Australian Dollar
10 May 2009
Bulletin
– May 2009
close out their carry positions, placing further downward pressure on AUD/JPY, resulting in another wave of carry trade unwinds and so on. ... This procedure locks-in the exchange rate and will deliver investors a return close to the foreign currency
https://www.rba.gov.au/publications/bulletin/2009/may/1.html
Financial Stability Risks from Non-bank Financial Intermediation in Australia
18 Apr 2024
Bulletin
– April 2024
Risks to financial stability posed by the non-bank financial intermediation (NBFI) sector in Australia remain relatively contained.
https://www.rba.gov.au/publications/bulletin/2024/apr/financial-stability-risks-from-non-bank-financial-intermediation-in-australia.html
Cryptocurrency: Ten Years On
20 Jun 2019
Bulletin
– June 2019
Ten years on from the creation of Bitcoin, the term ‘cryptocurrency’ has entered the public consciousness.
https://www.rba.gov.au/publications/bulletin/2019/jun/cryptocurrency-ten-years-on.html