Search: bank accepted bill of exchange
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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Domestic Financial Markets
10 Nov 2011
SMP
– November 2011
2012. Interest rates on bank bills have also declined. As in previous periods of market turmoil, the spreads between bank bill and OIS rates widened (Graph 4.2). ... As liquidity in the OIS market has improved, and volatility has abated, the 3-month
https://www.rba.gov.au/publications/smp/2011/nov/dom-fin-mkts.html
Is Our Current International Economic Environment Unusually Crisis Prone? | Conference – 1999
9 Aug 1999
Conferences
To cope with the crisis, the government created the Bank of the Argentine Nation from the ruins of the old Bank of the Nation and other provincial banks. ... Bank share prices fell heavily. The banks retrenched, withdrawing from the business of long-term
https://www.rba.gov.au/publications/confs/1999/bordo-eichengreen.html
Liquidity, Financial Crises and the Lender of Last Resort – How Much of a Departure is the Sub-prime Crisis? | Conference – 2008
14 Jul 2008
Conferences
Once one bank has experienced a run, there is the possibility of contagion, with runs on other banks. ... The former protects the central bank from credit risk and encourages the banks to lend at lower risk (Goodhart 2007).
https://www.rba.gov.au/publications/confs/2008/davis.html
Prudential Supervision | Conference – 1991
21 Jun 1991
Conferences
guidelines on associations with non-bank financial institutions;. restrictions on ownership of banks. ... Outlined the Reserve Bank's approach to prudential supervision of banks – general principles.
https://www.rba.gov.au/publications/confs/1991/thompson.html
The Economics of Shadow Banking | Conference – 2013
19 Aug 2013
Conferences
Section 5 introduces the role of central banks in the non-bank/bank nexus since they are now (and will be in the near future) a major player in the collateral ... The US market is serviced by two clearing banks, Bank of New York and JPMorgan, both
https://www.rba.gov.au/publications/confs/2013/singh.html
Unemployment or Tax Reform? | Conference – 1998
9 Jun 1998
Conferences
Lower inflation and an initial rise in real bill rates cause an increase in the nominal exchange rate, but the fall in prices ensures the real exchange rate goes the other ... Both these effects are magnified by the fall in the real exchange rate.
https://www.rba.gov.au/publications/confs/1998/richardson-c.html
Bank Deregulation in Australia: Choice and Diversity, Gainers and Losers | Conference – 1991
21 Jun 1991
Conferences
Banks, as a result, were never short of potential borrowers. Cast in the role of rationers of funds and acting in this capacity as agents of the central bank, banks developed ... Ironically, it was the central bank which nudged the banks into playing a
https://www.rba.gov.au/publications/confs/1991/harper.html
Changes in the Behaviour of Banks and Their Implications for Financial Aggregates | Conference – 1989
20 Jun 1989
Conferences
Both these incentives are borne out by the data for recent years which, up to late 1988, showed extremely rapid growth in bank bills on issue and increased funding by banks ... foreign currency deposits, bank bills, and capital). The major factor behind
https://www.rba.gov.au/publications/confs/1989/battellino-mcmillan.html
International and Foreign Exchange Markets
10 Aug 2012
SMP
– August 2012
Central Bank Policy. A number of central banks have eased policy in recent months (Table 2.2). ... Participating banks and building societies will be able to borrow UK Treasury bills from the Bank of England (in return for eligible collateral) worth up
https://www.rba.gov.au/publications/smp/2012/aug/intl-fx-mkts.html
A Perspective | Conference – 1993
12 Jul 1993
Conferences
It was argued that it was often the case that central banks get caught defending inappropriate exchange rates and incur huge losses for the taxpayer. ... It was generally accepted that changes in the real exchange rate do, in fact, change the trade
https://www.rba.gov.au/publications/confs/1993/pagan.html