Search: Exchange Settlement Account balances
Did you mean
exchange settlement account policy?
RBA Glossary definition for Exchange Settlement Account balances
Exchange Settlement Account balances – The sum of balances held in Exchange Settlement Accounts with the Reserve Bank.
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
The Australian Money Market
1 May 1987
RDP
8702
Similarly, since exchange settlement accounts pay no interest, banks wish to keep their clearing balances at the Reserve Bank to a minimum. ... Let us assume that at the beginning of the day the banking system's exchange settlement accounts have a zero
https://www.rba.gov.au/publications/rdp/1987/8702/the-australian-money-market.html
An Economic Model
1 May 1987
RDP
8702
These features appear to be the presence of lagged reserve requirements, the requirement that banks exchange settlement accounts be non-negative, and the intertemporal decision involved in rediscounting, lender of last ... Banks hold loans with dealers
https://www.rba.gov.au/publications/rdp/1987/8702/an-economic-model.html