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 Mar 2009
FSR
– March 2009
An important factor in explaining the continued smooth operation of Australia's high-value payment system is the increase in Exchange Settlement balances at the Reserve Bank. ... Foreign exchange-related settlements through the Continuous Linked
https://www.rba.gov.au/publications/fsr/2009/mar/aus-fin-sys.html
The Australian Financial System
12 Apr 2019
FSR
– April 2019
The RBA will be engaging with ASX and CME on their arrangements for exchange-traded commodities. ... Daily average settlements in FSS reached around 360,000 transactions worth over $300 million in March.
https://www.rba.gov.au/publications/fsr/2019/apr/australian-financial-system.html
The Australian High-Value Payments System
10 Mar 2004
FSR
– March 2004
Austraclear has over 600 members, most of whom do not hold Exchange Settlement accounts. ... These payments are made to and from the Sydney Futures Exchange's Exchange Settlement account and add a further $40 million to the average daily value of
https://www.rba.gov.au/publications/fsr/2004/mar/aus-high-val-pay-sys.html
Box C: Building Resilience to Cyber Risks
8 Apr 2022
FSR
– April 2022
From 2019 to 2021, the Solarwinds, Microsoft Exchange and log4j incidents allowed attackers to potentially access hundreds of thousands of IT systems. ... Government Accountability Office (2022), ‘Federal Response to SolarWinds and Microsoft Exchange
https://www.rba.gov.au/publications/fsr/2022/apr/box-c-building-resilience-to-cyber-risks.html
Box D: Cyber Risk
20 Oct 2018
FSR
– October 2018
Disruption to the Reserve Bank Information and Transfer System (RITS) – which settles realtime high-value payments across Exchange Settlement Accounts held at the Reserve Bank – could prevent or delay a wide ... range of economic activity from
https://www.rba.gov.au/publications/fsr/2018/oct/box-d.html
The Australian Financial System
10 Sep 2014
FSR
– September 2014
To facilitate the same-day settlement of direct entry obligations, the Reserve Bank introduced new liquidity arrangements in RITS, whereby the Reserve Bank makes Exchange Settlement Account (ESA) funds available to ... It has also applied to the Reserve
https://www.rba.gov.au/publications/fsr/2014/sep/aus-fin-sys.html
The Australian Financial System
10 Mar 2010
FSR
– March 2010
As noted in the previous Review, balances held as term deposits or exchange settlement accounts at the Reserve Bank ran down quite quickly over the first half of 2009. ... As conditions have improved, there has been less need for support, which is
https://www.rba.gov.au/publications/fsr/2010/mar/aus-fin-sys.html
Household and Business Finances
20 Oct 2018
FSR
– October 2018
Settlement failures remain low. The stock of apartments under construction is lower than it was a couple of years ago. ... 3). There continue to be some reports of settlement delays in Brisbane, with settlement failures mostly isolated to lower-quality
https://www.rba.gov.au/publications/fsr/2018/oct/household-business-finances.html
The Australian Financial System
10 Sep 2013
FSR
– September 2013
To ensure they have sufficient liquidity to settle their payment obligations, RITS participants are able to supplement the funds held overnight in their exchange settlement accounts (ESAs) at the Reserve Bank ... In addition to providing benefits to
https://www.rba.gov.au/publications/fsr/2013/sep/aus-fin-sys.html
Regulatory Developments
4 Oct 2019
FSR
– October 2019
to support more timely settlement of trades, it creates potential liquidity risks for these SSFs. ... To mitigate these risks if they were ever to arise in Australia, the Bank has recently introduced requirements that make holding an Exchange Settlement
https://www.rba.gov.au/publications/fsr/2019/oct/regulatory-developments.html