Search: Surplus Exchange Settlement Account balances

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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 Surplus Exchange Settlement Account balances

Surplus Exchange Settlement Account balances – Exchange Settlement Account balances, excluding balances that account holders keep to meet their after-hours payments in the direct entry system or the New Payments Platform.

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.

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Operations in Financial Markets

24 Oct 2016 RBA Annual Report – 2016
To implement the cash rate target, the Reserve Bank operates in financial markets each day to maintain an appropriate level of Exchange Settlement (ES) balances. ... As these surplus balances are remunerated at a level that is 25 basis points below the
https://www.rba.gov.au/publications/annual-reports/rba/2016/operations-in-financial-markets.html

Note 1 | Financial Statements

28 Aug 2006 RBA Annual Report – 2006
Under previous arrangements, these transactions were recognised on the balance sheet at settlement date. ... Bank deposits and repurchase agreements continue to be brought to account on settlement date.
https://www.rba.gov.au/publications/annual-reports/rba/2006/fin-statements/note-1.html

Monetary Management in 1987/88

9 Mar 2023 RBA Annual Report – 1988
Correction of the continuing substantial deficit in the current account of the balance of payments is central to Australia's economic strategy. ... An account of the Bank's actions is given in the following chapter.
https://www.rba.gov.au/publications/annual-reports/rba/1988/monetary-management.html

Business Services

28 Jul 2004 RBA Annual Report – 2004
of time-critical customer payments and Australian dollar foreign exchange settlements (including those settled by CLS Bank for which a net settlement is made daily on an RTGS basis). ... The Reserve Bank Information and Transfer System (RITS) is the
https://www.rba.gov.au/publications/annual-reports/rba/2004/bus-serv.html

Operations in Financial Markets

12 Sep 2014 RBA Annual Report – 2014
The increase was driven by three main factors: an increase in Exchange Settlement (ES) balances held by authorised deposit-taking institutions (ADIs) with the Bank; a rise in balances held by ... To facilitate the faster settlement of a number of
https://www.rba.gov.au/publications/annual-reports/rba/2014/ops-fin-mkts.html

Operations in Financial Markets

4 Sep 2008 RBA Annual Report – 2008
These transactions adjust the volume of exchange settlement (ES) balances held at the Bank. ... This creates an incentive for account holders to recycle excess balances within the interbank market.
https://www.rba.gov.au/publications/annual-reports/rba/2008/balance-sheet.html

The Bank's Earnings

30 Jun 1997 RBA Annual Report – 1997
In 1996/97, the Bank's balance sheet was boosted by a sharp increase in balances in Exchange Settlement Accounts held by banks, and by some large year-end flows into ... The largest source of liabilities is currency notes on issue, on which no interest
https://www.rba.gov.au/publications/annual-reports/rba/1997/bank-earnings.html

Business Services

28 Aug 2006 RBA Annual Report – 2006
The Reserve Bank provides a facility to the Australian Government that is used to manage a group of bank accounts, known as the Official Public Account (OPA) Group, the aggregate balance ... the sweeping of balances to and from agencies’ accounts held
https://www.rba.gov.au/publications/annual-reports/rba/2006/bus-serv.html

Operations in Financial Markets

16 Oct 2013 RBA Annual Report – 2013
To meet the Board's target, the Reserve Bank operates in financial markets to maintain an appropriate level of exchange settlement (ES) balances. ... During 2012/13, the overnight repo facility was accessed only twice. These arrangements create the
https://www.rba.gov.au/publications/annual-reports/rba/2013/ops-fin-mkts.html

Business Services

2 Sep 2003 RBA Annual Report – 2003
EasyPay. The Reserve Bank Information and Transfer System (RITS) is used by banks and other approved institutions to settle interbank payments across their Exchange Settlement (ES) accounts conducted with the RBA. ... payments and Australian dollar
https://www.rba.gov.au/publications/annual-reports/rba/2003/bus-serv.html