Search: ES
RBA Glossary definition for ES
ES – Exchange Settlement (account, balances or funds)
Search Results
Domestic Financial Markets and Conditions
10 Feb 2008
SMP
– February 2008
As a result the aggregate volume of exchange settlement (ES) balances rose to a peak of $6.8 billion, well above the levels of less than $1 billion that had prevailed ... The RBA has wound back its supply of short-term liquidity which has seen ES
https://www.rba.gov.au/publications/smp/2008/feb/dom-fin-mkts.html
Domestic Financial Markets
10 Aug 2008
SMP
– August 2008
In its market operations recently, the Bank has generally maintained aggregate exchange settlement (ES) balances at around $1–2 billion. ... Anticipating that there may be funding pressures surrounding June quarter-end, the Bank increased ES balances
https://www.rba.gov.au/publications/smp/2008/aug/dom-fin-mkts.html
Domestic Financial Markets
10 Feb 2010
SMP
– February 2010
Partly reflecting year-end pressures and higher demand for borrowing cash on a secured basis, the Bank allowed Exchange Settlement (ES) balances to rise temporarily in late December and early January. ... Aggregate ES balances have since fallen and are
https://www.rba.gov.au/publications/smp/2010/feb/dom-fin-mkts.html
Domestic Financial Markets
10 Nov 2008
SMP
– November 2008
The reduction in ES balances has in part been achieved by the Bank commencing in late September to offer term deposits to its counterparties. ... ES balances too far which might impede the efficient operation of the cash market.
https://www.rba.gov.au/publications/smp/2008/nov/dom-fin-mkts.html
Domestic Financial Conditions
6 May 2021
SMP
– May 2021
On the liabilities side, exchange settlement (ES) balances have risen significantly as a result of the Bank's policies (Graph 3.12; discussed below). ... continues. Graph 3.11. Graph 3.12. Liquidity in the banking system – as measured by ES balances
https://www.rba.gov.au/publications/smp/2021/may/domestic-financial-conditions.html
Domestic Financial Markets and Conditions
10 May 2008
SMP
– May 2008
Since August last year, the Bank has responded to the pressures in the domestic money market by varying the supply of exchange settlement (ES) balances, dealing in a wider range of ... pressures. As these pressures passed and with the general improvement
https://www.rba.gov.au/publications/smp/2008/may/dom-fin-mkts.html
Domestic Financial Markets
10 Aug 2010
SMP
– August 2010
In its market operations, the Bank has generally maintained aggregate Exchange Settlement (ES) balances within a $1–2 billion range, having allowed balances to rise temporarily over the financial year-end.
https://www.rba.gov.au/publications/smp/2010/aug/dom-fin-mkts.html
Domestic Financial Markets
10 May 2009
SMP
– May 2009
The Bank has seen less need to accommodate large holdings of central bank balances by private banks, either in the form of overnight exchange settlement (ES) balances or term deposits ... ES balances have been gradually reduced to around $2 billion, well
https://www.rba.gov.au/publications/smp/2009/may/dom-fin-mkts.html
Domestic Financial Conditions
5 Aug 2022
SMP
– August 2022
The Board has increased the cash rate target and the interest rate on Exchange Settlement (ES) balances by 175 basis points since early May, to 1.85 per cent and ... The composition of liabilities changed as government deposits declined and ES
https://www.rba.gov.au/publications/smp/2022/aug/domestic-financial-conditions.html
Domestic Financial Markets
10 Feb 2011
SMP
– February 2011
To maintain the cash rate at the Board's target, the Bank has kept exchange settlement (ES) balances around $1 billion, although higher balances were temporarily accommodated over year-end.
https://www.rba.gov.au/publications/smp/2011/feb/dom-fin-mkts.html