Search: bank accepted bill of exchange
RBA Glossary definition for bank accepted bill of exchange
bank accepted bill of exchange – A bank accepted bill of exchange is a bill of exchange that lists a bank as the acceptor of the bill. As an acceptor, a bank has a liability to pay the holder the face value of the bill at maturity. In certain circumstances, the liability is contingent on the borrower, or drawer, defaulting.
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Bank Deregulation in Australia: Choice and Diversity, Gainers and Losers | Conference – 1991
21 Jun 1991
Conferences
Banks, as a result, were never short of potential borrowers. Cast in the role of rationers of funds and acting in this capacity as agents of the central bank, banks developed ... Ironically, it was the central bank which nudged the banks into playing a
https://www.rba.gov.au/publications/confs/1991/harper.html
Australian Futures Markets
1 Jun 1988
RDP
8804
The first financial futures contract, in 90 day bank bills, was introduced in October 1979; it was followed by contracts in the share price index (SPI) in February 1983, and in ... Turnover on the Sydney stock exchange is also reported to be considerably
https://www.rba.gov.au/publications/rdp/1988/8804/australian-futures-markets.html
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Unemployment or Tax Reform? | Conference – 1998
9 Jun 1998
Conferences
Lower inflation and an initial rise in real bill rates cause an increase in the nominal exchange rate, but the fall in prices ensures the real exchange rate goes the other ... Both these effects are magnified by the fall in the real exchange rate.
https://www.rba.gov.au/publications/confs/1998/richardson-c.html
Appendix A: Data Sources and Definitions
31 Dec 2012
RDP
2012-02
90-day bank accepted bill rate. Large business lending rate. APRA. Large business weighted-average variable interest rate on outstanding credit. ... Euro Area Bank Lending Survey. Thomson Reuters. Net balance of banks reporting a tightening in credit
https://www.rba.gov.au/publications/rdp/2012/2012-02/appendix-a.html
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A Perspective | Conference – 1993
12 Jul 1993
Conferences
It was argued that it was often the case that central banks get caught defending inappropriate exchange rates and incur huge losses for the taxpayer. ... It was generally accepted that changes in the real exchange rate do, in fact, change the trade
https://www.rba.gov.au/publications/confs/1993/pagan.html
The Debate on Alternatives for Monetary Policy in Australia | Conference – 1997
21 Jul 1997
Conferences
exchange-rate or commodity standards; and. laissez-faire approaches to the monetary standard. ... In principle, such a system could be operated either by a central bank or, as discussed below, by competing private banks subject to the convertibility
https://www.rba.gov.au/publications/confs/1997/edey.html
Changes in the Behaviour of Banks and Their Implications for Financial Aggregates | Conference – 1989
20 Jun 1989
Conferences
Both these incentives are borne out by the data for recent years which, up to late 1988, showed extremely rapid growth in bank bills on issue and increased funding by banks ... foreign currency deposits, bank bills, and capital). The major factor behind
https://www.rba.gov.au/publications/confs/1989/battellino-mcmillan.html
Inflation and Disinflation in Australia: 1950–91 | Conference – 1992
31 Dec 1950
Conferences
their bank deposit) with a corresponding asset held by the central bank in terms of foreign exchange. ... The Commonwealth Bank (at that time the central bank) issued directives about credit growth to the banks, and made very large calls to ‘special
https://www.rba.gov.au/publications/confs/1992/stevens.html
Appendix B: Data
1 Nov 1999
RDP
1999-09
180-day bank accepted bill – Reserve Bank of Australia Bulletin, Table F.1. ... Share prices – Australian Stock Exchange. Number of shares – series for each bank was constructed using information from banks' annual and interim reports, and
https://www.rba.gov.au/publications/rdp/1999/1999-09/appendix-b.html
The Transmission of Monetary Policy
1 Dec 1988
RDP
8812
Yields on instruments such as bills of exchange, bank certificates of deposit and Treasury notes move broadly in line with rates in the overnight cash market. ... of the bills on issue, and by a number of intermediaries who make a market in bank-accepted
https://www.rba.gov.au/publications/rdp/1988/8812/transmission-of-monetary-policy.html
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