Search: exchange settlement account policy
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.
Search Results
Domestic Financial Markets
10 Aug 2011
SMP
– August 2011
To maintain the cash rate at the Board's target, the Reserve Bank has kept aggregate exchange settlement (ES) balances around $1 billion, although temporarily higher balances have been accommodated around ... Deposits currently account for about half of
https://www.rba.gov.au/publications/smp/2011/aug/dom-fin-mkts.html
Domestic Financial Markets
10 Nov 2008
SMP
– November 2008
When tensions amplified in mid September, the Bank increased aggregate exchange settlement (ES) balances from $1 billion to reach a peak of more than $11 billion in mid October. ... More recently, as conditions have stabilised somewhat, the Bank has
https://www.rba.gov.au/publications/smp/2008/nov/dom-fin-mkts.html
Domestic Financial Markets
10 Aug 2010
SMP
– August 2010
Statement on Monetary Policy – August 2010 Domestic Financial Markets. Since the Statement in May, the Reserve Bank Board has maintained its target for the overnight cash rate at 4.50 per ... In its market operations, the Bank has generally
https://www.rba.gov.au/publications/smp/2010/aug/dom-fin-mkts.html
Domestic Financial Markets
10 May 2010
SMP
– May 2010
Through its market operations, the Bank has kept exchange settlement (ES) balances around $1 billion, although it accommodated somewhat higher ES balances over the quarter-end. ... created by the portfolio liquidation of structured investment vehicles,
https://www.rba.gov.au/publications/smp/2010/may/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. ... savings, bonus saver and cash management accounts)
https://www.rba.gov.au/publications/smp/2010/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. ... Prime residential mortgages and RMBS continue to account for the bulk of underlying collateral.
https://www.rba.gov.au/publications/smp/2008/aug/dom-fin-mkts.html
Domestic Financial Markets
10 Nov 2011
SMP
– November 2011
Statement on Monetary Policy – November 2011 4. Domestic Financial Markets. The Reserve Bank Board lowered its target for the cash rate from 4.75 per cent to 4.50 per cent ... Through its open market operations, the Reserve Bank has kept the level of
https://www.rba.gov.au/publications/smp/2011/nov/dom-fin-mkts.html
Domestic Financial Markets
10 Feb 2009
SMP
– February 2009
The Reserve Bank has accommodated quite large shifts in Exchange Settlement (ES) balances in its domestic market operations to minimise any disruption to the cash market (Graph 61). ... Nonetheless, interest rates on household loans have fallen
https://www.rba.gov.au/publications/smp/2009/feb/dom-fin-mkts.html
Domestic Financial Markets
10 Aug 2009
SMP
– August 2009
Statement on Monetary Policy – August 2009 Domestic Financial Markets. Domestic money market conditions have improved significantly over the course of the year. ... Aggregate exchange settlement (ES) balances held at the Reserve Bank by the commercial
https://www.rba.gov.au/publications/smp/2009/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 ... The estimate takes account of any increase in margins that
https://www.rba.gov.au/publications/smp/2009/may/dom-fin-mkts.html