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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 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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The 1970s

31 Dec 2001 RDP 2001-07
Bryan Fitz-Gibbon and Marianne Gizycki
This was accompanied by a drain in liquidity resulting from a deterioration of the balance of payments and a government budget surplus. ... In June, the Special Reserve Deposit (SRD) requirement (which was the successor to the special accounts regime)
https://www.rba.gov.au/publications/rdp/2001/2001-07/1970s.html
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The Australian Repo Market | Central Clearing of Repos in Australia: A Consultation Paper | Consultations

6 Mar 2015 Consultations
The Bank's open market operations. Repos offer a flexible instrument for the Bank to manage the total amount of outstanding Exchange Settlement Account (ESA) balances in the banking system so ... On the value date, the securities settlement system SIX
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/australian-repo-market.html

The Impact on Financial Markets

1 Jul 1997 RDP 9703
Ric Battellino, John Broadbent and Philip Lowe
settlement balances tends to be very elastic around the announced rate. ... Indeed, the opposite is the case. In the pre-announcement period, around one in five daily market operations were more than one-quarter of the size of banks' settlement balances.
https://www.rba.gov.au/publications/rdp/1997/9703/impact-financial-markets.html
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References

31 Dec 2007 RDP 2007-02
Rochelle Belkar, Lynne Cockerell and Christopher Kent
Bergin PR and SM Sheffrin (2000), ‘Interest Rates, Exchange Rates and Present Value Models of the Current Account’, Economic Journal, 110(463), pp 535–558. ... BIS (Bank for International Settlements) (2005), ‘Central Bank Survey of Foreign
https://www.rba.gov.au/publications/rdp/2007/2007-02/references.html
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Innovation and Deregulation

1 Aug 1986 RDP 8605
P.D. Jonson and R.W. Rankin
This literature suggests that under the floating exchange rate monetary policy will be more powerful than before (relative to fiscal policy). ... Footnote. See Bank for International Settlements (1985), pp 57–59, and Reserve Bank of Australia (1984/1985
https://www.rba.gov.au/publications/rdp/1986/8605/innovation-and-deregulation.html
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Options for Reform | Proposed Variation to the MasterCard and Visa Access Regimes: Consultation Document December 2013 | Consultations

6 Dec 2013 Consultations
balance between new entry to the MasterCard and Visa systems and risk in those systems that is in the public interest. ... For instance, for settlement systems and central counterparties operated by the Australian Securities Exchange (ASX), eligibility
https://www.rba.gov.au/publications/consultations/20131206-prop-variations-to-mc-visa-access-regimes/options-reform.html

OTC Derivatives Markets in Australia | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations

7 Jun 2011 Consultations
These two markets jointly account for over 70 per cent of the global aggregate notional amount outstanding (Graph 10). ... Australian dollar-denominated interest rate and foreign exchange derivatives comprised only 1 per cent of outstandings.
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/otc-derivatives-markets-australia.html

Research Discussion Papers

31 Dec 2001 RDP 2001-10
Susan Hornby and Ivan Roberts
9308. Mills K, SR Morling and WJ Tease, ‘Balance Sheet Restructuring and Investment’. ... 9311. Lowe PW and T Rohling, ‘Agency Costs, Balance Sheets and the Business Cycle’.
https://www.rba.gov.au/publications/rdp/2001/2001-10/research-discussion-papers.html
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Project Scope | ISO 20022 Migration for the Australian Payments System – Responses and Options Paper – September 2019

31 Dec 2002 Consultations
This analysis assumes that HVCS payments would continue to settle in RITS using the liquidity management processes and cash market access arrangements currently available to Exchange Settlement Account (ESA) holders. ... Existing HVCS settlement hours
https://www.rba.gov.au/publications/consultations/201909-iso-20022-migration-for-the-australian-payments-system-responses-options/project-scope.html

Deregulation in Existing IS/LM Models

1 Dec 1988 RDP 8811
Dirk Morris
However, this result requires perfect capital mobility and a very large short-run response from the trade balance to exchange rate movements; assumptions that are not supported by empirical work. ... exchange rate and current and capital account flows).
https://www.rba.gov.au/publications/rdp/1988/8811/deregulation-in-existing-is-lm-models.html
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