Search: bank accepted bill of exchange

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RBA Glossary definition for bank accepted bill of exchange

bank accepted bill of exchange – A bank accepted bill of exchange is a bill of exchange that lists a bank as the acceptor of the bill. As an acceptor, a bank has a liability to pay the holder the face value of the bill at maturity. In certain circumstances, the liability is contingent on the borrower, or drawer, defaulting.

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Business Services

24 Aug 2001 RBA Annual Report – 2001
Major changes to the settlement of foreign exchange transactions are planned over the coming year with the establishment of the ‘continuous linked settlement’ (CLS) Bank. ... assured. CLS Bank is being developed by over 60 shareholder banks active in
https://www.rba.gov.au/publications/annual-reports/rba/2001/bus-serv.html

Operations in Financial Markets

2 Sep 2003 RBA Annual Report – 2003
Under the new facility, the RBA is prepared to undertake intra-day repurchase agreements in bank bills and negotiable certificates of deposit. ... billion. The new bank bill/certificate of deposit facility has been used on a regular basis, although the
https://www.rba.gov.au/publications/annual-reports/rba/2003/oper-fin-mkts.html

Surveillance of the Financial System

30 Jun 1998 RBA Annual Report – 1998
2. Banks exchange payment instructions. 2. Payments sent to RBA's RTGS queue. ... In 1997/98, the Bank accepted an invitation (subsequently passed to APRA) to become a member of the Core Principles Liaison Group of the Basle Committee on Banking
https://www.rba.gov.au/publications/annual-reports/rba/1998/surveillance.html

Safety and Stability

24 Mar 2003 PSB Annual Report – 2002
The new facility, announced in July 2002, widens the range of acceptable collateral for intra-day repurchase agreements to include selected bank bills and certificates of deposit. ... CLS Bank is now making a significant contribution to the reduction of
https://www.rba.gov.au/publications/annual-reports/psb/2002/safety-stability.html

Financial Markets and the Bank's Operations | Reserve Bank of Australia Annual Report - 1991

30 Jun 1991 Annual Report
These fluctuations reflect a number of influences, including banks' purchases and sales of currency, the Bank's own foreign exchange transactions and, most importantly, the financial transactions of the Commonwealth Government. ... For much of the year,
https://www.rba.gov.au/publications/annual-reports/rba/1991/fin-market.html

Risk Management

20 Aug 2009 RBA Annual Report – 2009
They have largely replaced bank bills and certificates of deposit as the largest asset class in the portfolio. ... The Reserve Bank's counterparties for domestic operations include banks and non-bank financial institutions.
https://www.rba.gov.au/publications/annual-reports/rba/2009/risk-mgnt.html

Competition and Efficiency

24 Mar 2003 PSB Annual Report – 2002
All organisations that made formal submissions were invited to discuss them with Reserve Bank staff. ... argued that the categories of costs that the Reserve Bank proposed were too narrow.
https://www.rba.gov.au/publications/annual-reports/psb/2002/competition.html

A Review of Monetary and External Policy | Reserve Bank of Australia Annual Report - 1981

30 Jun 1981 Annual Report
The Bank has accepted the case for deregulation of banking interest rates, and sought over this period to provide banks with more flexibility in this respect. ... Much of this expansion has been through the non-bank sector, partly based on bank bills.
https://www.rba.gov.au/publications/annual-reports/rba/1981/rev-mon-ext-policy.html

Financial Markets and the Bank's Operations | Reserve Bank of Australia Annual Report - 1990

30 Jun 1990 Annual Report
Changes to the arrangements under which banks are required to hold Non-callable Deposits with the Bank were announced in September 1989. ... Some markets in Australia already broadly meet the Group of Thirty standards, including those for bank bills and
https://www.rba.gov.au/publications/annual-reports/rba/1990/fin-mar-bank-ope.html

Annual Report-1967-Economic Developments and Monetary Policy

31 Dec 1967 Annual Report
As the Bank acquired $80 million of Bonds from the Commonwealth in exchange for Treasury bills during the year, the amount of Treasury bills on issue increased by a net $10 ... 1963/64. 1964/65. 1965/66. 1966/67. Reserve Bank—Treasury bills†. 68. 66.
https://www.rba.gov.au/publications/annual-reports/rba/1967/eco-dev-mon-policy.html