Search: 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
The Australian Financial System
10 Sep 2012
FSR
– September 2012
Deposits now account for 53 per cent of banks' funding, up from about 40 per cent in 2008 (Graph 2.4). ... To increase the efficiency of the settlement of these transactions, the Bank recently implemented a new system, the Low Value Settlement Service
https://www.rba.gov.au/publications/fsr/2012/sep/aus-fin-sys.html
Developments in the Financial System Architecture
20 Oct 2017
FSR
– October 2017
The Bank will take both sets of guidance into account in its oversight of clearing and settlement facilities licensed to operate in Australia. ... The policy framework also includes regulatory expectations for conduct in operating cash equity clearing
https://www.rba.gov.au/publications/fsr/2017/oct/dev-fin-sys-arch.html
Developments in the Financial System Architecture
10 Sep 2012
FSR
– September 2012
In July 2012, as part of the CFR's work on FMI regulation, the Bank amended its Exchange Settlement Account (ESA) policy. ... The proposed changes to the Act would allow CRAs to record additional ‘positive’ information such as current credit accounts
https://www.rba.gov.au/publications/fsr/2012/sep/dev-fin-sys-arch.html
Developments in the Financial System Architecture
20 Apr 2016
FSR
– April 2016
Legislation was introduced to Parliament in March that would enable Australian entities to exchange margin in line with BCBS-IOSCO standards. ... In recent months, regulatory bodies in Australia have clarified their views on two key elements of the
https://www.rba.gov.au/publications/fsr/2016/apr/dev-fin-sys-arch.html
Regulatory Developments
20 Oct 2018
FSR
– October 2018
It has conducted work on the use of DLT in payment, clearing and settlement activities, and on central bank digital currencies (CBDCs). ... risks. DCE providers exchange money (whether Australian or foreign currency) for digital currency (or vice versa).
https://www.rba.gov.au/publications/fsr/2018/oct/regulatory-developments.html
Regulatory Developments
12 Apr 2019
FSR
– April 2019
and the application of the CFR's Regulatory Expectations for Conduct in Operating Cash Equity Clearing and Settlement Services in Australia to ASX's CHESS replacement project. ... In particular, ASIC intends to monitor ICOs closely to ensure compliant
https://www.rba.gov.au/publications/fsr/2019/apr/regulatory-developments.html
The Australian Financial System
10 Apr 2018
FSR
– April 2018
Financial market infrastructures (FMIs) are institutions that facilitate the clearing, settlement or recording of payments, securities, derivatives or other financial transactions. ... and the Australian Securities Exchange (ASX) clearing and settlement
https://www.rba.gov.au/publications/fsr/2018/apr/australian-financial-system.html
The Australian Financial System
20 Oct 2015
FSR
– October 2015
International exposures account for around one quarter of Australian-owned banks' consolidated assets (Table 3.1). ... Financial market infrastructures (FMIs) – such as payment systems, central counterparties (CCPs) and securities settlement systems
https://www.rba.gov.au/publications/fsr/2015/oct/aus-fin-sys.html
The Australian Financial System
10 Mar 2015
FSR
– March 2015
risk and introducing new accounts that require depositors to give notice before withdrawing funds. ... Chicago Mercantile Exchange Inc. (CME), which was granted an Australian clearing and settlement facility licence in September 2014.
https://www.rba.gov.au/publications/fsr/2015/mar/aus-fin-sys.html
Regulatory Developments
10 Apr 2018
FSR
– April 2018
The Australian Securities Exchange (the administrator of BBSW) has developed a new methodology that will measure BBSW directly from transactions. ... The BEAR requires banks and their executives to meet certain expectations and enables banks and
https://www.rba.gov.au/publications/fsr/2018/apr/regulatory-developments.html