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RBA Glossary definition for CLS Bank

CLS Bank – CLS Bank is a multi-currency bank, regulated by the Federal Reserve Bank of New York, which uses central bank funds to simultaneously settle cross-currency transactions in real time through a process known as Continuous Linked Settlement (CLS).

RBA Glossary definition for CLS

CLS – Continuous Linked Settlement. A process enabling simultaneous foreign exchange settlement across the globe, eliminating the settlement risk caused by delays arising from time-zone differences.

Search Results

Standard: The 'Honour All Cards' Rule in the Visa Debit and Visa Credit Card Systems and the 'No Surcharge' Rule in the Visa Debit System - …

26 Apr 2006 Media Release PDF 40KB
Reform of the EFTPOS and Visa Debit Systems in Australia
https://www.rba.gov.au/media-releases/2006/pdf/honour-all-cards-std.pdf

Revocation of Access Regime for the Bankcard Scheme

26 Apr 2006 Media Release PDF 45KB
Payment Systems (Regulation) Act 1998
https://www.rba.gov.au/media-releases/2006/pdf/mr-06-02-bankcard-access-revoc.pdf

Revocation of designation of the Bankcard Scheme

26 Apr 2006 Media Release PDF 45KB
Payment Systems (Regulation) Act 1998
https://www.rba.gov.au/media-releases/2006/pdf/mr-06-02-bankcard-desig-revoc.pdf

Letter of Expectations

14 Dec 2022 Media Release PDF 177KB
Given the significant delay inthe replacement system going live, the Bank expects ASX to explain its plans for thesefeatures to the regulators and stakeholders and justify reasons for these intentions. ... 7. ln the 2O2L/22 Assessment, the Bank made a
https://www.rba.gov.au/media-releases/2022/pdf/mr-22-43-letter-of-expectations-15-december-2022.pdf

Gazette Notice (Bankcard) - 23 February 2004

23 Feb 2004 Media Release PDF 27KB
T RESERVE BANK OF AUSTRALIA. Payment Systems (Regulation) Act 1998. The designated Bankcard credit card system. ... The Reserve Bank of Australia imposes, in accordance with Section 12 of the Act, the attached Access Regime to be complied with by the
https://www.rba.gov.au/media-releases/2004/pdf/mr-04-02-gazette-notice-bankcard.pdf

Access Regime for the EFTPOS System - April 2006

26 Apr 2006 Media Release PDF 42KB
Reform of the EFTPOS and Visa Debit Systems in Australia
https://www.rba.gov.au/media-releases/2006/pdf/eftpos-access-regime.pdf

Payment Systems (Regulation) Act 1998, The designated VISA Debit system - July 2005

20 Jul 2005 Media Release PDF 95KB
Reform of Visa Debit Card Scheme in Australia
https://www.rba.gov.au/media-releases/2005/pdf/mr-05-08-gazette-notice-access-regime.pdf

The designated EFTPOS system

26 Apr 2006 Media Release PDF 658KB
Payment Systems (Regulation) Act 1998
https://www.rba.gov.au/media-releases/2006/pdf/mr-06-02-eftpos-interchange.pdf

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15 Sep 2003 Media Release PDF 152KB
1 See for example Bank for International Settlements, Implications for Central Banks of the Development of Electronic Money, 1996. ... As a result, to date, no purchased payment facilities have been authorised by APRA or by the Reserve Bank.
https://www.rba.gov.au/media-releases/2003/pdf/mr-03-11-discussion-paper.pdf

The Case for Real Time Gross Settlement (Media Release 1995-05 attachment 1)

9 Aug 2004 Media Release PDF 106KB
After much discussion among banks, the Reserve Bank and the Australian Payments Clearing Association (APCA), a decision was reached in August 1992 to follow the second alternative, but in such a ... 4. Bank and Austraclear) would strengthen this position
https://www.rba.gov.au/media-releases/1995/pdf/mr-95-05-attach-1.pdf