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.
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Media Releases – 2000
31 Dec 2000
Media releases
issued in 2000
https://www.rba.gov.au/media-releases/2000/
Joint Media Release: Memorandum of Understanding between the ACCC and RBA
9 Sep 1998
Media Releases
The Australian Competition and Consumer Commission (ACCC)and the Reserve Bank today released a Memorandum of Understanding covering their respective responsibilities for access and competition in the payments system
https://www.rba.gov.au/media-releases/1998/jmr-98-accc-rba.html
Reducing Foreign Exchange Settlement Risk in Australia – A Progress Report
7 Sep 1999
Media Releases
Release of a report entitled ‘Reducing Foreign Exchange Settlement Risk in Australia – a Progress Report’ based on a survey of foreign exchange dealers conducted during October 1998
https://www.rba.gov.au/media-releases/1999/mr-99-08.html
December: 1997-Introduction
9 Mar 2023
Media Release
These measures include improving back office processes, revisiting correspondent banking arrangements, examining the scope for bilateral or multilateral netting of foreign exchange settlements and the use of other risk management techniques.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/introduction.html
Approval No 1 of 2004
18 Aug 2004
Media Release
PDF
41KB
https://www.rba.gov.au/media-releases/2004/pdf/mr-04-07-approval-1.pdf
Approval No 1 of 2007
1 May 2007
Media Release
PDF
28KB
Approval under the Payment Systems and Netting Act 1998
https://www.rba.gov.au/media-releases/2007/pdf/mr-07-06-approval-1.pdf
Reform of Interbank Payments
5 Apr 1995
Media Releases
Announces that after consulting with the banks and the Australian Payment Clearing Association (APCA), the RBA is now presenting a case for moving to a Real-time Gross Settlement (RTGS) payments system and proposes a means of achieving this
https://www.rba.gov.au/media-releases/1995/mr-95-05-attach-1.html
The Case for Real Time Gross Settlement (Media Release 1995-05 attachment 1)
9 Aug 2004
Media Release
PDF
106KB
on the robustness of netting law. ... Once this system is fully operational, further work will be carried out on a RTGS system.
https://www.rba.gov.au/media-releases/1995/pdf/mr-95-05-attach-1.pdf
Independent Governance Review
11 Feb 2013
Media Release
PDF
740KB
Report for the Reserve Bank of Australia Special Committee
https://www.rba.gov.au/media-releases/2013/pdf/mr-13-01-igr-securency-npa.pdf
December: 1997-Settlement Practices in the Australian Foreign Exchange Market
9 Mar 2023
Media Release
By the close of business on day V1, total settlement exposure equals $A245 billion – two days worth of foreign exchange payments. ... by the close of day V3, the value at risk is nearly $A400 billion.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-practices-aus-fx-market.html