Search: interbank overnight rate
RBA Glossary definition for interbank overnight rate
interbank overnight rate – The interbank overnight rate (also known as the cash rate) is the interest rate which banks pay or charge to borrow funds from or lend funds to other banks on an overnight unsecured basis. The Reserve Bank of Australia uses this rate as an operational target for the implementation of monetary policy. The Reserve Bank of Australia calculates and publishes this rate each day on the basis of data collected directly from banks. The interbank overnight rate has been published by the Reserve Bank of Australia since June 1998.
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Financial Market Infrastructures
28 Sep 2022
PSB Annual Report
– September 2022
In October 2021, LCH Ltd undertook the conversion of Euro Overnight Index Average (EONIA) contracts to the euro short-term rate (STR) while London Interbank Offered Rate (LIBOR) contracts for Swiss ... franc, euro, British pound and Japanese yen were
https://www.rba.gov.au/publications/annual-reports/psb/2022/financial-market-infrastructures.html
Banking and Payment Services
21 Oct 2021
RBA Annual Report
– 2021
The Bank must cost and price the services separately from its other activities and meet a prescribed minimum rate of return. ... For 2020/21, the Bank achieved its competitive neutrality target rate of return.
https://www.rba.gov.au/publications/annual-reports/rba/2021/banking-and-payment-services.html
Abbreviations
21 Oct 2021
PSB Annual Report
– 2021
IBOR. Interbank offered rate. ISO. International Organization for Standardization. IOSCO. International Organisation of Securities Commissions. ... LCR. Least-cost routing. LIBOR. London interbank offered rate. MOG. Multilateral Oversight Group for
https://www.rba.gov.au/publications/annual-reports/psb/2021/abbreviations.html
Abbreviations
15 Oct 2020
PSB Annual Report
– 2020
FSS. Fast Settlement Service. HVCS. High Value Clearing System. IBOR. Interbank offered rate. ... SIPS. Systemically important payment system. SOFR. Secured overnight financing rate. SSF.
https://www.rba.gov.au/publications/annual-reports/psb/2020/abbreviations.html
On the Economics of Committed Liquidity Facilities | Conference – 2013
19 Aug 2013
Conferences
In both facilities, the up-front fee is lower than the spread between the rate for the central bank's standing lending facility and the target for the overnight rate. ... Moreover, both facilities charge banks the overnight lending facility rate for
https://www.rba.gov.au/publications/confs/2013/bech-keister.html
The Unfolding Turmoil of 2007–2008: Lessons and Responses | Conference – 2008
20 Aug 2007
Conferences
Two types of interest rate spreads are especially helpful in tracking events as they have unfolded: the spreads of 3-month London Interbank Offered Rate (LIBOR) over the overnight index swap ... The former is a good indicator of liquidity in interbank
https://www.rba.gov.au/publications/confs/2008/cohen-remolona.html
The Australian Financial System in the 1990s | Conference – 2000
21 Jun 1990
Conferences
Change in rate of return on equity. 5.75. 0.04. Accounted for by change in:. ... When interest rates fell in 1990 and 1991, many of the fixed-rate loans made by these programs were refinanced causing the holders of the bonds to incur significant losses.
https://www.rba.gov.au/publications/confs/2000/gizycki-lowe.html
Abbreviations
17 Oct 2019
PSB Annual Report
– 2019
IoT. Internet of things. IRD. Interest rate derivatives. LCH Ltd. LCH Limited. ... OG. Oversight Group. OIS. Overnight index swaps. OTC. Over-the-counter. PEXA. Property Exchange Australia Limited.
https://www.rba.gov.au/publications/annual-reports/psb/2019/abbreviations.html
4. Financial Market Infrastructures
21 Oct 2021
PSB Annual Report
– 2021
Regulators globally have determined that the London interbank offered rate (LIBOR) benchmark cannot be relied on beyond 2021 given its notable deficiencies. ... Markets need to transition to more robust and reliable market-determined interest rate
https://www.rba.gov.au/publications/annual-reports/psb/2021/financial-market-infrastructures.html
Discussion on Recent Developments in Federal Reserve System Liquidity and Reserve Operations | Conference – 2008
14 Jul 2008
Conferences
Essentially, the Fed supplies a level of reserves to achieve the overnight Fed funds target rate, the first step in the transmission of monetary policy. ... reinforce its target overnight rate.
https://www.rba.gov.au/publications/confs/2008/hilton-disc.html