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
Payment Systems and Netting Act 1998: Approval of RITS and Austraclear
29 Oct 1998
Media Releases
The Payments System Board declares the Reserve Bank Information and Transfer System (RITS) and the Austraclear System (otherwise known as FINTRACS) are approved real-time gross settlement (RTGS) systems in terms of the Payment Systems and Netting
https://www.rba.gov.au/media-releases/1998/mr-98-15.html
Payments System Issues
5 Mar 2007
Media Releases
Decisions made at the 26 February 2007 meeting of the Payments System Board
https://www.rba.gov.au/media-releases/2007/mr-07-02.html
Payments System Issues
27 Nov 2009
Media Releases
At its meeting on 23 November 2009, the Payments System Board decided to amend the EFTPOS interchange fee Standard to make the regulation of EFTPOS interchange fees more consistent with that for scheme debit interchange fees
https://www.rba.gov.au/media-releases/2009/mr-09-27.html
December: 1997-Next Steps and Conclusions
9 Mar 2023
Media Release
That recommendation has been accepted by the Australian Government. Netting is a proven way of reducing settlement risk. ... The RBA has been actively supporting legislative proposals to give legal certainty to netting arrangements in Australia.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/next-steps-conclusions.html
Media Releases – 2004
16 Dec 2004
Media releases
issued in 2004
https://www.rba.gov.au/media-releases/2004/
Media Releases – 2017
31 Dec 2017
Media releases
issued in 2017
https://www.rba.gov.au/media-releases/2017/
Media Releases – 2015
31 Dec 2015
Media releases
issued in 2015
https://www.rba.gov.au/media-releases/2015/
Media Releases – 1999
31 Dec 1999
Media releases
issued in 1999
https://www.rba.gov.au/media-releases/1999/
Media Releases – 2007
31 Dec 2007
Media releases
issued in 2007
https://www.rba.gov.au/media-releases/2007/
Media Releases – 1998
31 Dec 1998
Media releases
issued in 1998
https://www.rba.gov.au/media-releases/1998/