Search: ECU
RBA Glossary definition for ECU
ECU – European currency unit
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RESERVE BANK OF AUSTRALIA FOREIGN EXCHANGE SETTLEMENTPRACTICES IN AUSTRALIA ...
18 Dec 1997
Media Release
PDF
268KB
The last currency where payment instructions become irrevocable is the ECU.By 10.30 pm AEST, foreign exchange settlement risk on a single day’s transactionsreaches its maximum of $A122 billion; ... pay ECU become irrevocable late on day V.
https://www.rba.gov.au/media-releases/1997/pdf/fxsp.pdf