Search: Close-out netting
RBA Glossary definition for Close-out netting
Close-out netting – An arrangement to settle all contracted but not yet due liabilities to, and claims on, an institution by a single payment, immediately upon the occurrence of one of a list of defined events such as the appointment of a liquidator to that institution.
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Safety and Stability
1 Oct 2000
PSB Annual Report
– 2000
The second minimum standard (V) is designed to ensure that multilateral netting systems can withstand the failure of the largest participant. ... Both uncertainties were addressed by the passage of the. Payment Systems and Netting Act 1998.
https://www.rba.gov.au/publications/annual-reports/psb/2000/safety-stability.html
The Board's First Year
1 Oct 1999
PSB Annual Report
– 1999
Such a cycle would bring Australia close to world's best practice in this area. ... for their RTGS systems in fall-back mode, where they would operate as netting systems.
https://www.rba.gov.au/publications/annual-reports/psb/1999/first-year.html
1.1 Our Role
19 Oct 2023
RBA Annual Report
– October 2023
Our Role | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/our-role.html
List of tables
13 Sep 2007
PSB Annual Report
– 2007
V. A system in which multilateral netting takes place should, at a minimum, be capable of ensuring the timely completion of daily settlements in the event of an inability to settle ... The materials on this webpage are subject to copyright and their use
https://www.rba.gov.au/publications/annual-reports/psb/2007/tables.html
Risk in the Payments System
13 Sep 2007
PSB Annual Report
– 2007
the granting of legal certainty to RTGS payments and obligations in multilateral netting arrangements through the introduction of the Payment Systems and Netting Act in 1998 and the subsequent approval of ... RTGS systems and key multilateral netting
https://www.rba.gov.au/publications/annual-reports/psb/2007/risk-payments.html
The Board's Decisions and Reserve Bank Reports
13 Sep 2007
PSB Annual Report
– 2007
the latest moves to reform the ATM system and the conditional approval of the multilateral netting arrangement operated by the ASX Settlement and Transfer Corporation (ASTC) under Section 12 of the. ... Payment Systems and Netting Act 1998. ), 5 March
https://www.rba.gov.au/publications/annual-reports/psb/2007/board-decisions.html
Our Role
20 Sep 2018
RBA Annual Report
– 2018
Its responsibility for monetary policy is set out in section 10(2) of the Reserve Bank Act, which states:. ... The Bank's powers in relation to the payments system are set out in a number of statutes, including the Payment Systems (Regulation) Act 1998
https://www.rba.gov.au/publications/annual-reports/rba/2018/our-role.html
Our Role
25 Sep 2017
RBA Annual Report
– 2017
Its responsibility for monetary policy is set out in section 10(2) of the Reserve Bank Act, which states:. ... Payment Systems (Regulation) Act 1998. and the. Payment Systems and Netting Act 1998.
https://www.rba.gov.au/publications/annual-reports/rba/2017/our-role.html
The Board's Decisions and Reserve Bank Reports
20 Sep 2005
PSB Annual Report
– 2005
Media Release 1999-13, ‘. Payment Systems and Netting Act 1998. : Approval of multilateral netting arrangements’ (Approval of the Austraclear system and the High Value Clearing System managed by the Australian Payments ... Approval of netting
https://www.rba.gov.au/publications/annual-reports/psb/2005/board-decisions.html
Our Role
27 Oct 2022
RBA Annual Report
– October 2022
The Reserve Banks responsibility for monetary policy is set out in section 10(2) of the. ... Payment Systems (Regulation) Act 1998. and the. Payment Systems and Netting Act 1998.
https://www.rba.gov.au/publications/annual-reports/rba/2022/our-role.html