Search: Exchange Settlement Account

Sort by: Relevance Date
1–3 of 3 collapsed search results for Exchange Settlement Account

RBA Glossary definition for settlement

settlement – The discharge of obligations arising from fund transfers between two or more parties.

RBA Glossary definition for Exchange Settlement Account

Exchange Settlement Account – An account held at the Reserve Bank of Australia by financial institutions to settle financial obligations arising from the clearing of payments.

Search Results

Daily Equilibrium

1 Dec 1992 RDP 9214
Bob Rankin
leaving cash in exchange settlement accounts at the Reserve Bank. Demand by authorised dealers stems from:. ... Ignoring the options of leaving cash uninvested — i.e. in exchange settlement accounts at zero interest — the equilibrium condition for
https://www.rba.gov.au/publications/rdp/1992/9214/daily-equilibrium.html

Introduction

1 Dec 1992 RDP 9214
Bob Rankin
There are two parts to the cash market:. the market for exchange settlement (ES) funds – those funds that can be transferred for same-day value between accounts at the Reserve Bank ... Participation in this market is restricted to the Reserve Bank and
https://www.rba.gov.au/publications/rdp/1992/9214/introduction.html

Determination of Cash Rates

1 Dec 1992 RDP 9214
Bob Rankin
As noted in Section 2 above, there are few uses for ES cash in the hands of banks which are surplus to their needs for exchange settlement. ... square the dealer's clearing account.
https://www.rba.gov.au/publications/rdp/1992/9214/determination-of-cash-rates.html